1018 Garden St 8, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1018 Garden St 8, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$738,000$311/sqft
1018 Garden St 8, SANTA BARBARA, CA 93101
0Bed
0Bath
311Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Downtown Location: Situated in downtown Santa Barbara, the property offers immediate walking access to shopping, restaurants, wine bars, parks, and music venues, enhancing its appeal for tourists and residents alike.
Top Cons:
Extremely Compact Unit Size: With only 311 sqft, the unit is very small, which may limit its appeal for longer stays, families, or individuals seeking more living space.

Compared to the nearby listings

Price:$738.0K vs avg $1.73M ($-987,000)19%
Size:311 sqft vs avg 1,612.5 sqft38%
Price/sqft:$2.4K vs avg $62488%

More Insights

Condition: This property is a newly developed hotel condominium, explicitly described as having a 'minimalist and modern feel' with 'high-quality furnishing' and 'top-of-the-line appliances.' The images confirm a virtually new condition, featuring modern wood-look flooring, recessed lighting, and a contemporary bathroom with a frameless glass shower and stylish fixtures. The kitchenette, while compact, is new and well-equipped for its purpose. All visible components meet current quality standards with no signs of wear or deferred maintenance.
Year Built
Close
-
List price
$738K
Original List price
-
Price/Sqft
$2,373
HOA
$0
Days on market
-
Sold On
-
MLS number
25-784
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 a newly developed hotel condominium, explicitly described as having a 'minimalist and modern feel' with 'high-quality furnishing' and 'top-of-the-line appliances.' The images confirm a virtually new condition, featuring modern wood-look flooring, recessed lighting, and a contemporary bathroom with a frameless glass shower and stylish fixtures. The kitchenette, while compact, is new and well-equipped for its purpose. All visible components meet current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Exceptional Downtown Location: Situated in downtown Santa Barbara, the property offers immediate walking access to shopping, restaurants, wine bars, parks, and music venues, enhancing its appeal for tourists and residents alike.
Strong Short-Term Rental Income Potential: As a legal hotel condominium development, the unit is explicitly permitted for short-term rentals, allowing owners to capitalize on Santa Barbara's significant tourism market.
Professional & Hands-Off Management: Comprehensive rental management by ZipStay handles all operational aspects, from guest communications and pricing to cleaning and maintenance, ensuring a seamless and passive ownership experience.
Modern Design & Quality Finishes: Units are tastefully designed with a minimalist and modern aesthetic, featuring high-quality furnishings, top-of-the-line appliances, and essential amenities for comfortable short or long-term stays.
Accessible Santa Barbara Ownership: The property offers an opportunity to own in Santa Barbara at a price considerably less than traditional residential properties, making it an attractive option for personal use, corporate housing, or pure investment.

Cons

Extremely Compact Unit Size: With only 311 sqft, the unit is very small, which may limit its appeal for longer stays, families, or individuals seeking more living space.
Limited Kitchen Facilities: The unit features a 'kitchenette' rather than a full kitchen, which could be a drawback for guests or owners who prefer to cook extensively during their stay.
Shared Parking Availability: Parking consists of 13 shared spaces for 13 units, which, despite having EV chargers, could lead to competition or inconvenience during peak occupancy times.
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