1018 Garden St 12, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1018 Garden St 12, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$755,000$335/sqft
1018 Garden St 12, SANTA BARBARA, CA 93101
0Bed
0Bath
335Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Strategically located in downtown Santa Barbara, offering exceptional walkability to shopping, restaurants, wine bars, parks, and entertainment venues.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 335, other record living area = 303.

Compared to the nearby listings

Price:$755.0K vs avg $1.73M ($-970,000)19%
Size:335 sqft vs avg 1,612.5 sqft38%
Price/sqft:$2.3K vs avg $62488%

More Insights

Condition: This property is described as a newly designed hotel condominium with a minimalist and modern feel, equipped with high-quality furnishings and top-of-the-line appliances. The images confirm this, showcasing a brand-new looking kitchenette with modern cabinetry, quartz countertops, and stainless steel appliances, and an equally modern bathroom with large format tiles, glass shower enclosure, and contemporary fixtures. The flooring, lighting, and overall aesthetic are consistent with a very recent, high-quality renovation or new construction, indicating virtually new components and no deferred maintenance.
Year Built
Close
-
List price
$755K
Original List price
-
Price/Sqft
$2,254
HOA
$0
Days on market
-
Sold On
-
MLS number
25-787
Home ConditionExcellent
Features
View-

About this home

Come experience Santa Barbara in its first ever hotel condominium development at Casa Jardin. Located in downtown Santa Barbara, just blocks away from shopping, restaurants, wine bars, parks, and music venues, Casa Jardin is a 13-unit condominium development that allows an owner the opportunity to experience Santa Barbara living at a price considerably less than owning a residential property. When you own at Casa Jardin you'll be allowed to offer your unit as a legal short term rental capitalizing on the approximate 6.5 million tourists and visitors coming to Santa Barbara each year. See ''More'' Ideal for the buyer wanting a place to stay in Santa Barbara for themselves, friends, family, customers and clients or for the investor looking to capitalize on Santa Barbara's vibrant hotel industry. All units at Casa Jardin have been tastefully designed for a minimalist and modern feel, equipped with high-quality furnishing, top-of-the-line appliances, and all amenities needed for a short, or long-term stay. The hospitality team at ZipStay provides professional rental management, ensuring that all aspects of rentals are handled with exceptional care and transparent financials. From managing guest communications, pricing strategies and reservations, to cleaning and maintenance, this comprehensive management makes ownership a seamless experience for maximizing personal use and rental income potential. Additionally, the property enjoys a low monthly OA Due of only $100/M. Parking: 13 shared spaces with 8 EV chargers (paid Tesla app) Amenities: - 24hr hospitality team - State-of-the-art digital lock system - Wifi with unit-dedicated routers and QR codes for easy login - Commercial ice machine on property - Solar array - Security cameras in all shared areas - Kitchenette

C
Christos Celmayster
Listing Agent

Price History

Date
Event
Price
08/13/21
Sold
$2,275,000
Condition Rating
Excellent

This property is described as a newly designed hotel condominium with a minimalist and modern feel, equipped with high-quality furnishings and top-of-the-line appliances. The images confirm this, showcasing a brand-new looking kitchenette with modern cabinetry, quartz countertops, and stainless steel appliances, and an equally modern bathroom with large format tiles, glass shower enclosure, and contemporary fixtures. The flooring, lighting, and overall aesthetic are consistent with a very recent, high-quality renovation or new construction, indicating virtually new components and no deferred maintenance.
Pros & Cons

Pros

Prime Downtown Location: Strategically located in downtown Santa Barbara, offering exceptional walkability to shopping, restaurants, wine bars, parks, and entertainment venues.
Legal Short-Term Rental (STR) Capability: Explicitly permitted for short-term rentals, allowing owners to capitalize on Santa Barbara's significant tourism market with professional management provided.
Turnkey Investment & Amenities: Offers a seamless, hands-off investment experience with comprehensive professional rental management by ZipStay, supported by a 24hr hospitality team, digital locks, solar array, and EV charging.
Modern Design & Furnishings: Units are tastefully designed with a minimalist and modern aesthetic, equipped with high-quality furnishings and top-of-the-line appliances, ready for immediate use or rental.
Low Monthly Operating Costs: Features an exceptionally low monthly Owner's Association (OA) fee of only $100, contributing to higher net income potential for investors.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 335, other record living area = 303.
Extremely Compact Unit Size: With only 335 square feet, the unit is very small, which may limit its appeal for extended personal stays or for buyers seeking more spacious accommodations.
High Price Per Square Foot: The list price of $755,000 for 335 sqft represents a very high price per square foot, potentially impacting long-term appreciation or resale value compared to traditional residential properties.
Shared Parking: Parking consists of 13 shared spaces for 13 units, meaning no dedicated parking spot, which could lead to inconvenience during peak occupancy despite the presence of EV chargers.
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