228 W Alamar, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 0 bed, 0 bath
Loading property details...
SANTA BARBARA, CA 93105
Analysis of 228 W Alamar, SANTA BARBARA, CA 93105 is currently available with a list price of $4,000,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1964, this 11-unit property appears largely in original condition. The kitchen features dated 1960s cabinetry, tile countertops, and old flooring. Interior systems like the wall heater and popcorn ceilings are significantly outdated, and the units require a full rehab to address the 60-year age and lack of modern updates.
The property is exceptionally well-positioned within walking distance to Cottage Hospital and Trader Joe's, making it highly attractive to medical professionals and high-quality tenants.
With a mix of 11 units including two-bedroom, one-bedroom, and studio layouts, the building offers a diversified income stream and appeals to a wide range of renter demographics.
Situated in a desirable Santa Barbara neighborhood near the De La Vina Corridor, the property benefits from a coastal climate and proximity to downtown, ensuring strong occupancy rates.
One of the four studio units is noted as lacking a kitchen, which may impact its marketability and could require additional investment to meet standard rental requirements.
Built in 1964, the property may necessitate significant capital improvements or ongoing maintenance for aging systems to remain competitive with modern rental standards.
Rare opportunity to acquire an 11-unit apartment building in one of Santa Barbara's most desirable rental locations. Ideally situated approximately .7 miles from Cottage Hospital and approximately .4 miles from Trader Joe's, this centrally located property offers convenient access to the De La Vina Corridor, downtown Santa Barara, waterfront beaches, shopping and major freeways. Your tenants can enjoy the benefits of living in a vibrant Santa Barbara neighborhood with convenient access to dining, coffee shops, outdoor recreation, parks, scenic beaches and a desirable coastal climate. Consisting of 11 units, 3 x 2 bedroom/ 1 bath units, 4 x 1 bedroom/1 bath units and 4 studios (one without kitchen).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 6,900 | - |
| Lot Size | 12,632 | - |
| Price | $4.00M | $2.13M |
| Price per sq ft | $580 | $813 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 47 |
Jul 16, 2026
$4,000,000
Initial Listing