1403 Bath Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
This Prime Multi-Family Investment Asset is listed at $2,399,000, representing a stable acquisition positioned near its $2,291,515 Fair Market Value. The property generates a proven $10,585 monthly gross income across six fully occupied units, including two one-bedrooms and four studios. Maintaining a Condition Rating of 4, the 1920s structure offers historic charm on a 9,148 SF lot with mountain range views. Its central downtown location ensures high tenant retention and consistent demand, making it a premier choice for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1403 Bath Street Subject | $2,399,000* List Price | 0 | 0 | 4,870 | $471 | - |
A 601 Eucalyptus Avenue Sold | $2,750,000 | 0 | 0 | 5,486 | $501 | 0.8 mi |
B 1021 San Andres Street Sold | $2,295,000 | 0 | 0 | 4,468 | $514 | 0.5 mi |
C 1111-1113 Olive Street Sold | $1,805,000 | 0 | 0 | 0 | 0.8 mi | |
D 15 W Islay Street Sold | $2,210,000 | 0 | 0 | 3,453 | $640 | 0.5 mi |
E 610 W Valerio St & 1702 Sunset Ave Active | $1,795,000 List Price | 0 | 0 | 0 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, this 6-unit property is well-maintained and retains its historic charm, but the interior finishes are dated. The living spaces feature older carpeting, basic light fixtures, and original wood trim that show signs of age. While the exterior is in good condition and the property is fully functional and occupied, it lacks the modern kitchen and bathroom renovations required for a higher score.
Situated in a highly walkable area of Downtown Santa Barbara, this property offers tenants immediate access to local amenities, ensuring consistently high rental demand.
The building is fully occupied with a proven rental history, generating a steady gross monthly income of $10,585 from its six units.
Built in 1920 and immaculately cared for, the property features classic architectural character and sits on a generous 9,148 SF lot, providing long-term value and appeal.
Due to its 1920s construction, the property may require higher long-term maintenance budgets for aging systems such as plumbing, electrical, and structural components.
With four of the six units being studios, the asset may face higher tenant turnover rates compared to properties with a larger ratio of one or two-bedroom apartments.
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 is fully occupied and 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.
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 | 4,870 | 2,708 | 65% |
| Lot Size | 9,148 | 10,018.8 | 41% |
| Price | $2.40M | $2.75M | 41% |
| Price per sq ft | $493 | $583 | 24% |
| Built year | 1920 | 1951 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 232 | 6% |
Mar 25, 2026
$2,399,000
Initial Listing
Nov 8, 2024
$2,250,000
Public Record