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1018 Garden St 13, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1018 Garden St 13, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$1,345,000$843/sqft
1018 Garden St 13, SANTA BARBARA, CA 93101
0Bed
0Bath
843Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Strategically located in downtown Santa Barbara, just blocks away from shopping, restaurants, wine bars, parks, and music venues, offering excellent walkability and access to local attractions.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 843, other record living area = 303.

Compared to the nearby listings

Price:$1.34M vs avg $1.73M ($-380,000)19%
Size:843 sqft vs avg 1,612.5 sqft38%
Price/sqft:$1.6K vs avg $62481%

More Insights

Condition: This property is described as a newly developed hotel condominium with units 'tastefully designed for a minimalist and modern feel, equipped with high-quality furnishing, top-of-the-line appliances.' The images confirm this, showcasing brand new, contemporary kitchens with dark shaker cabinets, white quartz countertops, stainless steel appliances (including a modern electric range and microwave), and an undermount sink. The bathroom features a sleek glass-enclosed shower, a modern white vanity with an integrated sink, and stylish black fixtures and lighting. Throughout the unit, there's consistent light wood-look flooring, recessed lighting, and new stacked washer/dryer units. All components appear new or virtually new, reflecting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with an 'excellent' condition.
Year Built
Close
-
List price
$1.34M
Original List price
-
Price/Sqft
$1,595
HOA
$0
Days on market
-
Sold On
-
MLS number
25-788
Home ConditionExcellent
Features
Good View:
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 - Full Kitchen in unit - Washer/dryer in unit

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 developed hotel condominium with units 'tastefully designed for a minimalist and modern feel, equipped with high-quality furnishing, top-of-the-line appliances.' The images confirm this, showcasing brand new, contemporary kitchens with dark shaker cabinets, white quartz countertops, stainless steel appliances (including a modern electric range and microwave), and an undermount sink. The bathroom features a sleek glass-enclosed shower, a modern white vanity with an integrated sink, and stylish black fixtures and lighting. Throughout the unit, there's consistent light wood-look flooring, recessed lighting, and new stacked washer/dryer units. All components appear new or virtually new, reflecting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with an 'excellent' condition.
Pros & Cons

Pros

Prime Downtown Location: Strategically located in downtown Santa Barbara, just blocks away from shopping, restaurants, wine bars, parks, and music venues, offering excellent walkability and access to local attractions.
Strong Income Potential: Legally permitted for short-term rentals, allowing owners to capitalize on Santa Barbara's robust tourism market and generate significant rental income.
Professional Rental Management: Comprehensive, hands-off rental management provided by ZipStay, covering guest communications, pricing, reservations, cleaning, and maintenance, ensuring a seamless ownership experience.
Modern Design & High-Quality Amenities: Units are tastefully designed with a minimalist, modern feel, equipped with high-quality furnishings, top-of-the-line appliances, full kitchen, and in-unit washer/dryer.
Low HOA & Eco-Friendly Features: Features a remarkably low monthly HOA fee of $100/month, along with a solar array, contributing to lower operating costs and environmental sustainability.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 843, other record living area = 303.
Niche Property Type: As a 'hotel condominium' development, it caters to a specific buyer demographic (investors or part-time residents) and may not appeal to traditional residential buyers, potentially impacting resale market.
High Price Per Square Foot: The listing price of $1.345 million for 843 square feet represents a very high price per square foot, which could be a barrier for some potential buyers despite the income potential.
Shared Parking: Parking consists of 13 shared spaces for 13 units, meaning no dedicated parking spot per unit, which could be inconvenient for owners or guests, despite the presence of EV chargers.
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