Realkey.ai
RealKey
‪(213) 433-7766‬

1018 Garden St 4, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1018 Garden St 4, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$985,000$445/sqft
1018 Garden St 4, SANTA BARBARA, CA 93101
0Bed
0Bath
445Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: The property is a legal short-term rental unit within Santa Barbara's first hotel condominium development, capitalizing on the city's high tourist volume (6.5 million visitors annually) with professional management by ZipStay.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 445, other record living area = 303.

Compared to the nearby listings

Price:$985.0K vs avg $1.73M ($-740,000)19%
Size:445 sqft vs avg 1,612.5 sqft38%
Price/sqft:$2.2K vs avg $62488%

More Insights

Condition: This property appears to be newly built or very recently and extensively renovated, aligning with its description as Santa Barbara's 'first ever hotel condominium development' with units 'tastefully designed for a minimalist and modern feel.' The kitchen features top-of-the-line, new stainless steel appliances (LG refrigerator, modern range with hood, dishwasher), sleek dark gray flat-panel cabinetry, and white countertops. Throughout the unit, there is consistent light wood-look flooring, recessed lighting, and a modern mini-split cooling system. The overall aesthetic is fresh, contemporary, and shows no signs of wear or deferred maintenance, indicating a virtually new condition.
Year Built
Close
-
List price
$985K
Original List price
-
Price/Sqft
$2,213
HOA
$0
Days on market
-
Sold On
-
MLS number
25-782
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 appears to be newly built or very recently and extensively renovated, aligning with its description as Santa Barbara's 'first ever hotel condominium development' with units 'tastefully designed for a minimalist and modern feel.' The kitchen features top-of-the-line, new stainless steel appliances (LG refrigerator, modern range with hood, dishwasher), sleek dark gray flat-panel cabinetry, and white countertops. Throughout the unit, there is consistent light wood-look flooring, recessed lighting, and a modern mini-split cooling system. The overall aesthetic is fresh, contemporary, and shows no signs of wear or deferred maintenance, indicating a virtually new condition.
Pros & Cons

Pros

Exceptional Income Potential: The property is a legal short-term rental unit within Santa Barbara's first hotel condominium development, capitalizing on the city's high tourist volume (6.5 million visitors annually) with professional management by ZipStay.
Prime Downtown Santa Barbara Location: Situated in the heart of downtown, the unit offers unparalleled walking access to shopping, diverse restaurants, wine bars, parks, and music venues, enhancing both personal enjoyment and rental appeal.
Comprehensive Hospitality & Management: Ownership is made seamless with a 24hr hospitality team and professional rental management by ZipStay, handling guest communications, pricing, reservations, cleaning, and maintenance with transparent financials.
Modern & Fully Equipped Units: Units are tastefully designed with a minimalist aesthetic, featuring high-quality furnishings, top-of-the-line appliances, a full kitchen, and in-unit washer/dryer, ensuring comfort and convenience for guests and owners.
Unique & Accessible Ownership Model: This hotel condominium offers an opportunity to own property in a highly desirable Santa Barbara location at a price 'considerably less than owning a residential property,' complemented by a remarkably low monthly HOA fee of $100.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 445, other record living area = 303.
Limited Living Space: At 445 sqft, the unit offers very compact living quarters, which may not be suitable for extended personal stays or appeal to buyers seeking more spacious accommodations.
High Price Per Square Foot: The list price of $985,000 for 445 sqft represents a very high price per square foot, potentially limiting the pool of traditional residential buyers and requiring a strong focus on the investment/rental income justification.
Hotel Condominium Specifics & Restrictions: The unique 'hotel condominium' structure, while offering rental flexibility, may entail specific financing challenges, usage restrictions, or HOA rules that differ from traditional residential properties, requiring careful due diligence.
Browse Properties by State Browse housing market trends by state