Realkey.ai
RealKey
‪(213) 433-7766‬

1018 Garden St 7, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1018 Garden St 7, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$679,000$206/sqft
1018 Garden St 7, SANTA BARBARA, CA 93101
0Bed
0Bath
206Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Legal Short-Term Rental & Income Potential: As a hotel condominium, the property explicitly allows legal short-term rentals, capitalizing on Santa Barbara's high tourism volume and offering significant income potential.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 206, other record living area = 303.

Compared to the nearby listings

Price:$679.0K vs avg $1.73M ($-1,046,000)19%
Size:206 sqft vs avg 1,612.5 sqft38%
Price/sqft:$3.3K vs avg $62494%

More Insights

Condition: This property is part of a new hotel condominium development, indicating it's either newly constructed or has undergone a complete, recent renovation. The description highlights a 'minimalist and modern feel' with 'high-quality furnishing' and 'top-of-the-line appliances.' Images confirm this with a pristine kitchenette featuring modern dark cabinetry, stainless steel appliances, and a sleek sink. The bathroom is equally modern with new vanity, tiled tub/shower with a glass screen, and contemporary fixtures. Modern flooring, lighting, and a mini-split AC system are also evident. All components appear virtually new, meeting current quality standards with no deferred maintenance.
Year Built
Close
-
List price
$679K
Original List price
-
Price/Sqft
$3,296
HOA
$0
Days on market
-
Sold On
-
MLS number
25-783
Home ConditionExcellent
Features
Patio
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 part of a new hotel condominium development, indicating it's either newly constructed or has undergone a complete, recent renovation. The description highlights a 'minimalist and modern feel' with 'high-quality furnishing' and 'top-of-the-line appliances.' Images confirm this with a pristine kitchenette featuring modern dark cabinetry, stainless steel appliances, and a sleek sink. The bathroom is equally modern with new vanity, tiled tub/shower with a glass screen, and contemporary fixtures. Modern flooring, lighting, and a mini-split AC system are also evident. All components appear virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Legal Short-Term Rental & Income Potential: As a hotel condominium, the property explicitly allows legal short-term rentals, capitalizing on Santa Barbara's high tourism volume and offering significant income potential.
Prime Downtown Location: Located in downtown Santa Barbara, just blocks away from shopping, restaurants, wine bars, parks, and music venues, offering excellent walkability and guest appeal.
Professional Rental Management: Comprehensive rental management by ZipStay handles guest communications, pricing, reservations, cleaning, and maintenance, providing a seamless ownership experience.
Modern Design & Quality Finishes: Units are tastefully designed with a minimalist, modern feel, equipped with high-quality furnishings, top-of-the-line appliances, and essential amenities.
Low Monthly Operating Dues: The property benefits from exceptionally low monthly OA Dues of only $100, contributing to lower ongoing ownership costs.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 206, other record living area = 303.
Extremely Compact Unit Size: At only 206 sqft, the unit is very small, which may limit comfort for personal extended stays and appeal to certain rental demographics.
High Price Per Square Foot: The list price of $679,000 for 206 sqft translates to a very high price per square foot, representing a significant investment for the physical space.
Limited Kitchen Facilities & Shared Parking: The unit features only a kitchenette, not a full kitchen, and parking consists of shared spaces, which may be inconvenient for some owners or guests.
Browse Properties by State Browse housing market trends by state