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1018 Garden St 9, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1018 Garden St 9, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$738,000$303/sqft
1018 Garden St 9, SANTA BARBARA, CA 93101
0Bed
0Bath
303Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Strategically located in downtown Santa Barbara, offering unparalleled access to shopping, restaurants, wine bars, parks, and music venues, enhancing its appeal for both owners and short-term renters.
Top Cons:
Limited Living Space: With only 303 sqft, the unit is extremely compact, which may limit its appeal for owners seeking extended personal stays or for renters desiring more spacious accommodations.

Compared to the nearby listings

Price:$738.0K vs avg $1.73M ($-987,000)19%
Size:303 sqft vs avg 1,612.5 sqft38%
Price/sqft:$2.4K vs avg $62488%

More Insights

Condition: This property is part of a newly developed hotel condominium project, explicitly described as having a 'minimalist and modern feel' with 'high-quality furnishing, top-of-the-line appliances.' The images confirm this with pristine, light wood-look flooring, recessed lighting, modern windows, and a brand-new, stylish kitchenette featuring contemporary dark grey cabinets, a light countertop, and new appliances (microwave, mini-fridge). A modern mini-split AC system is also visible. The overall condition is virtually new, meeting current quality standards with no deferred maintenance.
Year Built
Close
-
List price
$738K
Original List price
-
Price/Sqft
$2,436
HOA
$0
Days on market
-
Sold On
-
MLS number
25-786
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 - 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 newly developed hotel condominium project, explicitly described as having a 'minimalist and modern feel' with 'high-quality furnishing, top-of-the-line appliances.' The images confirm this with pristine, light wood-look flooring, recessed lighting, modern windows, and a brand-new, stylish kitchenette featuring contemporary dark grey cabinets, a light countertop, and new appliances (microwave, mini-fridge). A modern mini-split AC system is also visible. The overall condition is virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Downtown Location: Strategically located in downtown Santa Barbara, offering unparalleled access to shopping, restaurants, wine bars, parks, and music venues, enhancing its appeal for both owners and short-term renters.
Legal Short-Term Rental Capability: As a hotel condominium, the property is legally permitted for short-term rentals, providing significant income potential in a high-demand tourist destination like Santa Barbara.
Professional Rental Management: A dedicated hospitality team (ZipStay) handles all aspects of rental management, including guest communications, pricing, reservations, cleaning, and maintenance, offering a seamless and hands-off ownership experience.
Modern Design & Comprehensive Amenities: Units are tastefully designed with a minimalist, modern feel, equipped with high-quality furnishings and appliances. The development includes a solar array, EV chargers, 24hr hospitality, digital lock systems, and dedicated WiFi.
Low Monthly HOA Dues: An exceptionally low monthly OA Due of only $100/M, which is highly attractive for a managed condominium property with a range of amenities.

Cons

Limited Living Space: With only 303 sqft, the unit is extremely compact, which may limit its appeal for owners seeking extended personal stays or for renters desiring more spacious accommodations.
High Price per Square Foot: The list price of $738,000 for 303 sqft translates to a very high price per square foot, requiring strong and consistent short-term rental income to justify the investment.
Kitchenette & Shared Parking: The unit features only a kitchenette rather than a full kitchen, and parking consists of 13 shared spaces for 13 units, which may be inconvenient for some owners or guests expecting more comprehensive cooking facilities or dedicated parking.
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