
Santa Barbara, CA 93101
Prime Downtown Santa Barbara 6-Unit Investment Property! Originally built in the 1920s, this charming two-story building blends classic character with modern appeal, boasting approximately 4,870 sqft of living space across its 6 units. The building includes two one-bedroom, one-bath units and four studio apartments with current rents at $10,585 per month. Sitting on a 9,148 SF lot, this asset offers a strong history of proven rental performance. Immaculately cared for and ready for the next chapter, it presents strong income potential in one of the most desirable and walkable locations in town.
Property is move-in ready.
Despite being built in 1920, this multi-family property has been immaculately cared for and updated. The interiors feature well-maintained original hardwood floors and clean living spaces, while the exterior shows a newer deck, pergola, and solid siding, making it fully functional and move-in ready.
Situated in a highly walkable area of Santa Barbara, this property offers tenants immediate access to downtown amenities, ensuring consistent demand and low vacancy rates.
With a current monthly rental income of $10,585 across six units, the asset provides immediate cash flow and a strong history of investment stability.
The 1920s building blends classic architectural charm with modern appeal on a generous 9,148 SF lot, offering a unique aesthetic that stands out in the rental market.
Originally constructed in 1920, the property may require higher long-term maintenance costs or capital improvements for century-old systems despite its well-cared-for condition.
With four of the six units being studios, the property may experience higher tenant turnover compared to buildings with a higher concentration of multi-bedroom units.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,870 | 1,517.75 |
| Lot Size | - | 6,905.063 |
| Price | $2.10M | $1.98M |
| Price per sq ft | $431 | $1.2K |
| Built year | 1920 | 1955 |
| HOA | $0 | $0 |
| Days on market | 33 | 69 |
Sep 21, 2026
$2,099,000
Initial Listing
Nov 8, 2024
$2,250,000
Public Record