1018 Garden Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
Casa Jardin represents a High-Potential Investment Opportunity, listed at a List Price of $7,600,000. This asset is positioned slightly above the $7,398,023 Fair Market Value. Featuring a Mint Condition Rating following a comprehensive three-year rebuild, the property offers a turnkey, staffless hospitality model with 13 condominium-approved units. Its prime downtown location near State Street ensures high rental demand, while the ability to sell units individually provides strategic exit flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Institutional Hospitality Groups seeking stabilized cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1018 Garden Street Subject | $7,600,000* List Price | 0 | 0 | 4,101 | $1,804 | - |
A 134 Chapala Street Active | $7,550,000 List Price | 0 | 0 | 4,470 | $1,689 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive rebuild within the past three years, including all new building systems, modern kitchens with top-tier appliances, and high-quality contemporary finishes, meeting the criteria for mint condition.
Each of the 13 units is already approved as a separate condominium, providing a rare and valuable opportunity to unlock future equity through individual unit sales.
The property underwent a comprehensive rebuild within the last three years, featuring all-new building systems and high-end modern finishes that minimize immediate capital expenditure.
Ideally situated in the heart of Santa Barbara near State Street and the Funk Zone, the asset benefits from high-demand proximity to premier dining, shopping, and entertainment.
At a list price of $7.6 million for approximately 4,101 square feet, the high cost-basis may result in a lower initial capitalization rate for yield-focused investors.
The staffless, tech-driven hospitality model relies heavily on third-party management and specific short-term rental software, which could be sensitive to future local regulatory changes.
An exceptional opportunity to acquire Casa Jardin, a boutique 13-key hotel ideally positioned in the heart of Santa Barbara's vibrant downtown. Located just blocks from State Street and moments from premier shopping, dining, wine bars, parks, music venues, the Santa Barbara Bowl, and the Funk Zone, the property offers both immediate income and long-term strategic upside. Casa Jardin was designed and has been operated as a staffless and keyless hotel similar to your typical Short Term Rental property making it a unique investment opportunity that delivers immediate and stabilized cash flow with in-place professional management. Additionally, each room is approved as a separate condominium, allowing for the potential to sell units individually and unlock additional future value. The asset has undergone a comprehensive rebuild within the past three years, including all new building systems, and features thoughtfully designed interiors with a clean, modern aesthetic. Each unit is pet-friendly, fully furnished, and outfitted with high-quality finishes, top-tier appliances, and amenities tailored to both short- and extended-stay guests. Operations are seamlessly handled by ZenStay, a proven hospitality operator providing full-service management--from dynamic pricing and reservations to guest services, housekeeping, and maintenance. Their platform ensures institutional-quality oversight with transparent financial reporting, allowing for a truly passive ownership experience. Casa Jardin represents a rare blend of income, lifestyle, and future optionality in one of California's most supply constrained coastal markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,101 | 4,800 | 44% |
| Lot Size | 9,583 | 10,971 | 44% |
| Price | $7.60M | $3.13M | 89% |
| Price per sq ft | $1.9K | $558 | 89% |
| Built year | 0 | 1950 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 222 | 11% |
May 13, 2026
$7,600,000
Initial Listing
Aug 13, 2021
$2,275,000
Public Record