Courtesy: Compass
805-253-7700
Great opportunity to own a charming vintage home in a desirable location, complete with two additional units to help offset the cost of homeownership. Each unit has a garage, providing convenience and value for tenants and owner. The main house showcases timeless character with hardwood floors, built in cabinetry, fireplace, sun porch, large covered front porch
Courtesy: JT Real Estate Group
805-724-0557
This 6 unit apartment complex is located directly across the street from Cottage Hospital in Santa Barbara. The current rents are approximately 59% of market rents. The 2-story building consists of all 1 bedroom 1 bath units.
Courtesy: Radius Group Commercial R.E.
805-965-5500
FULLY LEASED for 26/27 AY, with over $60k in capital improvements since July 2025. View Matterport 3D tour here: https://my.matterport.com/show/?m=eRxPZ2jsDS2 Currently operating as premium student housing, Arroyo House serves students from SBCC, UCSB, and Westmont College. This exceptional property features 10 fully furnished rooms with 26 total beds, currently configured as (3) Doubles, (5) Triples, (1) Quad, and (1) Single. Each unit has been tastefully upgraded with high-end furniture and modern finishes, offering a comfortable and stylish living environment... ...Outdoor amenities include new landscaping, a volleyball court, and ample private parking -- enhancing both tenant experience and long-term value. Additionally, the solar system is fully paid off, and a 400-amp commercial-grade electrical panel has been added. The property has seen approximately $60,000 in capital improvements since July 2025, including a brand-new sewage tank with high-capacity ejection pumps. This upgrade is expected to extend pump life from roughly 2 years to 8-10 years, eliminating what had historically been the property's most recurring maintenance burden. Whether you're looking for a cash-flowing asset or a unique student housing opportunity, Arroyo House checks all the boxes. This large single-family residence offers a high-occupancy dwelling ideal for use as a sober living home, recovery housing, transitional housing, supportive housing, group home, or other structured living environment, with flexibility for shared supportive residence, community-based housing, co-living property, shared housing, or room-by-room rental opportunities.
Courtesy: Village Properties
805-969-8900
This well maintained Santa Barbara duplex at 124 Citrus Avenue is a rare opportunity on the lively Lower East Side. Tucked away at the end of a quiet street for maximum privacy, it's conveniently located less than five minutes to Trader Joe's, restaurants, freeway access, and the Municipal Tennis Courts. Each of the two separate units offers two bedrooms and one bathroom, along with in-unit washer and dryers, sizable deck and yard space, and plenty of secure parking. With updated finishes throughout and a generous lot, this R-2 zoned property delivers flexibility for multigenerational living, house hacking, or strong rental income.
Courtesy: Village Properties
805-969-8900
Tucked along a quiet street just moments from downtown Santa Barbara, this charming four-unit property blends classic character with strong income fundamentals. The approximately 2,012 SF building consists of four spacious one-bedroom, one-bath residences, each just over 500 SF. All units are currently leased offering immediate cash flow in a highly sought-after rental location. Recent upgrades enhance the property's appeal, including recently refreshed upper units and a previously refreshed lower unit, while the fourth unit provides an opportunity for future improvement and added value. Residents benefit from a welcoming communal pergola area, on-site laundry, outdoor storage lockers for each unit, basement storage for bikes and beach gear, and thoughtfully maintained landscaping. With its unbeatable location near Paso Nuevo, dining, shopping, and entertainment are moments away from your door. This property presents a compelling opportunity for investors seeking both stability and upside.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-687-2666
Nestled in a highly desirable Santa Barbara neighborhood, 4814 Payton Street offers a rare real estate opportunity priced at $2,490,000. This expansive 3,110-square-foot residence sits on a generous 0.29-acre lot, perfectly blending functional design with coastal California living. The standout feature of this property is its amazingly versatile floor plan, configuration for multi-generational living, or premium investment potential. The main home boasts four sun-drenched bedrooms and two full bathrooms, highlighted by an exceptionally large kitchen that serves as the heart of the home. Directly adjacent, a very large family room provides seamless indoor-outdoor flow with direct access to a private back garden filled with mature, producing fruit trees. Adding incredible value to the estat is an attached two-story rental unit complete with two bedrooms and one bathroom, creating immediate rental income or an ideal in-law suite. Sun-drenched interiors run throughout the entire property, which also features a spacious two-car garage and framing views of the majestic local mountains. The location offers a lifestyle of effortless convenience, boasting a 64 Walk Score due to its close proximity to the Turnpike Shopping Center and San Marcos High School. Outdoor enthusiasts will love the immediate access to the Obern Bike Trail, yielding an exceptional 93 Bike Score, as well as being just minutes away from pristine open spaces and More Mesa beach.
Courtesy: Radius Group Commercial R.E.
805-965-5500
208 S. Voluntario St. is a quintessential California cottage offering a prime investment opportunity on Santa Barbara's desirable Eastside, just moments from the beach, Downtown, and the vibrant Funk Zone. The property features three units with an ideal unit mix of (1) 2BD/1BA, (1) 1BD/1BA, and (1) studio, well suited for both investors and owner-users. Completely remodeled throughout, the units offer hardwood floors, custom built-ins, skylights, and all new appliances and fixtures. Each unit also includes its own private outdoor space. The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation. *Current property zoning is for a single family residence. Seller is in the process of legally permitting all three uni For showing requests, please call/text Aneta Jensen.
Courtesy: Hayes Commercial Group
805-563-2111
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.
Courtesy: Sotheby's International Realty
310-724-7000
Set on an oversized 10,890 square foot lot in Santa Barbara's desirable Westside neighborhood, 1218 Chino Street presents a rare opportunity to own a versatile, income-producing property in one of the city's most centrally located neighborhoods. This well-positioned triplex features three spacious units--each offering 2 or 3 bedrooms, generous living areas, and well-sized kitchens designed for comfortable, everyday living. Each residence can enjoy its own outdoor space, with peaceful backyard areas that create a sense of privacy and separation rarely found in multi-unit properties. The property is further enhanced by a three-car garage, and additional onsite spaces providing ample parking for residents and guests alike. Recent capital improvements, including a new roof and new backyard landscaping, add immediate value and peace of mind for the next owner. Whether you're an investor seeking strong rental potential or an owner-user looking to live in one unit while generating income from the others, this property offers flexibility and long-term upside in a high-demand rental market. Ideally located just minutes from some of Santa Barbara's most iconic destinations, residents enjoy easy access to Downtown Santa Barbara for shopping, dining, and entertainment, the vibrant Santa Barbara Public Market, and the historic Santa Barbara County Courthouse. The property is also a short drive to Stearns Wharf and the beautiful beaches along the coast, as well as Shoreline Park for scenic oceanfront walks and sunsets. A compelling blend of location, lot size, and income potential--1218 Chino Street is a standout opportunity in the heart of Santa Barbara.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
This ultra-rare waterfront-area 8-unit multi-family offering is just a few steps to Santa Barbara's best beach East Beach, and has been recently re-positioned for higher investor return potential. The property now has an investor-friendly 6 of 8 units under landlord control, almost impossible to find today. The apartments are all large 2-bed/1-bath, and at ~860sf each, big enough to support a 2nd bath addition for high-end luxury conversion. The units are currently held as mostly upgraded and furnished vacation rentals, in order to maintain maximum flexibility for the future for the next owner, while providing immediate cash flow. Offering Memorandum in Documents show pro-forma financials, and profitability as long-term beach-area luxury rentals should short-term rental use be curtailed.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
Charming Mixed Use Building in the downtown core of State St. that represents a truly unique live/work opportunity! Beautiful 2nd story residential unit with fabulous mountain views from the large retractable windows allowing for amazing natural light and fresh air! Other features include in suite laundry and one parking space. 1st floor is a wonderfully remodeled 1500 SF +/- commercial space with skylights and recessed lighting. Great live/work possibility while enjoying all the best SB has to offer: State St., Beach and Funk Zone!
Courtesy: Hayes Commercial Group
805-563-2111
Nestled at the base of Santa Barbara's famed Lower Riviera, this exceptional investment opportunity consists of six freestanding homes across two adjacent parcels at 1107 and 1111 E Cota Street, located just minutes from Downtown Santa Barbara, the Santa Barbara County Bowl, the Funk Zone, a wide variety of shopping, and Santa Barbara's white sand beaches. The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota St were constructed in 1999, while 1111 E Cota was originally built in the mid-1920s and substantially remodeled in 1999. See ''more'' Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes. Additionally, 1111 E Cota St includes a lower-level room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value. Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.
Courtesy: Compass
805-253-7700
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.
Courtesy: Hayes Commercial Group
805-563-2111
This is a rare opportunity to acquire four (4) individually addressed townhomes in downtown Santa Barbara, California-- their first time to market since construction in 1985. Each residence is separately metered and sits on its own APN, supporting flexible ownership, operational efficiency, and full control over future disposition. See ''more'' The homes feature a highly desirable 2BD/2.5BA layout with large 2-car garages, plus rarely found outdoor living space in the form of spacious private backyards and balcony decks. The combination of privacy, parking, and outdoor space positions the property strongly for long-term rental demand and pride-of-ownership appeal. Given the Property's separate-title townhome structure, it is expected that the units may qualify as alienable separate-title residential housing and therefore are generally anticipated to be exempt from certain statewide and local tenant protec¬tion measures, including California's Tenant Protection Act (AB 1482), Santa Barbara's temporary rent increase moratorium, and select Just Cause eviction requirements.* * The applicability of any exemption is highly fact-specific and may depend on ownership structure, tenant occupancy, lease documentation, and statutory notice compliance. Accordingly, no representation or guar¬antee is made regarding regulatory status, and all buyers are encouraged to confirm applicability through independent legal review.
Courtesy: Hayes Commercial Group
805-563-2111
This is a rare opportunity to acquire four (4) individually addressed townhomes in downtown Santa Barbara, California-- their first time to market since construction in 1985. Each residence is separately metered and sits on its own APN, supporting flexible ownership, operational efficiency, and full control over future disposition. see ''more The homes feature a highly desirable 2BD/2.5BA layout with large 2-car garages, plus rarely found outdoor living space in the form of spacious private backyards and balcony decks. The combination of privacy, parking, and outdoor space positions the property strongly for long-term rental demand and pride-of-ownership appeal. Given the Property's separate-title townhome structure, it is expected that the units may qualify as alienable separate-title residential housing and therefore are generally anticipated to be exempt from certain statewide and local tenant protec¬tion measures, including California's Tenant Protection Act (AB 1482), Santa Barbara's temporary rent increase moratorium, and select Just Cause eviction requirements.* * The applicability of any exemption is highly fact-specific and may depend on ownership structure, tenant occupancy, lease documentation, and statutory notice compliance. Accordingly, no representation or guar¬antee is made regarding regulatory status, and all buyers are encouraged
Courtesy: Hayes Commercial Group
805-563-2111
Located in Santa Barbara's desirable Samarkand neighborhood, this charming multi-unit property offers an excellent income-producing opportunity in one of the city's most convenient residential areas. Just minutes from Downtown, Upper State Street, Cottage Hospital, & the Santa Barbara Golf Club, the property blends neighborhood charm with easy access to shopping, dining, & entertainment. The property includes two well-appointed units: a bright 1BD/1BA front unit with hardwood floors, a stylish kitchen and bath, and a spacious front deck & yard; & a 2BD/1BA unit above the garages featuring hardwood flooring, two private decks, & a large rear yard--ideal for investors or owner-users seeking flexibility in a prime location. 1BD unit will be vacant by September.
Courtesy: Village Properties - 1
805-681-8800
Flexible, updated, and full of possibility, this nearly 3,400 sq ft home, located in the desirable Peabody School District, offers 4 bedrooms, 4 bathrooms, PLUS a permitted JADU (studio + bath)--ideal for income, guests, or multi-generational living. Natural light fills the interiors, highlighting the easy indoor/outdoor flow from the kitchen and living spaces. The recently renovated kitchen features designer cabinetry, quartz countertops, and stainless steel appliances, while bright, refreshed bathrooms & polished concrete floors downstairs add a clean, modern feel. An expansive flex room downstairs creates options for a media room, gym, office, playroom, or future ADU potential. Thoughtful upgrades include dual-pane windows and sliders, solid core interior doors, upgraded electrical panel, tankless water heater, and central A/C. Outside, enjoy a Trex viewing deck with ocean and island views, a private fenced yard with drought-tolerant landscaping, concrete paver driveway, 2-car garage, and ample parking. This meticulously maintained home offers something rare: flexibility, income potential, and space that truly grows with you!
Courtesy: Berkshire Hathaway HomeServices California Properties
805-319-7070
Rare offering of this timeless Colonial-style duplex in a prime location--just one property off State Street. With over 3,000 square feet of living space, the property presents a wealth of possibilities: live in one unit and rent the other, create an ideal setup for multigenerational living, or rent both units for strong income potential. The expansive 3-car garage offers additional upside--consider converting it into an ADU, or reimagine the entire property as a spacious single-family home. The lower unit features 3BD/2BA; the upper offers 2BD/1BA plus a sunroom. Both boast large living rooms, fireplaces, bay windows, formal dining rooms, breakfast nooks, built-ins, and other period details. Architectural charm and unbeatable proximity to shops make this a unique investment opportunity.
Courtesy: Village Properties
805-969-8900
Ideally situated between the Upper East and Lower Riviera, this turnkey property offers effortless access to Santa Barbara's most beloved landmarks and entertainment. Extensively remodeled from 2025-2026, 518 E Islay pairs crisp contemporary architecture and warm, inviting interiors with modern systems, meticulous craftsmanship, and an all-electric design. Interiors showcase engineered wide-plank wood flooring, smooth skim-coated walls, new doors and hardware, curated lighting, and mini-split HVAC. Kitchens and bathrooms are fully rebuilt with custom cabinetry, stone surfaces, refined fixtures, and new appliances. Each unit features a spacious outdoor deck, ideal for seamless indoor-outdoor living and entertaining. Exterior enhancements include stucco, a standing-seam metal entry roof, professional landscaping, wrought iron fencing and private two-car garages with EV chargers and motorized doors. Ideal for an owner-user, the duplex allows one to live in a unit while renting the other for supplemental income, or accommodate extended family, multi-generational living, or future lifestyle flexibility.
Courtesy: Keller Williams Realty Santa Barbara
805-456-3600
16 bedrooms one block to SBCC and close to the beach. These 4 bedroom, 1.5 bath units were completely remodeled in 2013. New driveway was installed less than a year ago. All units have in unit washers and dryers.
Courtesy: Compass
805-253-7700
Two fully detached, private residences, ideal for long term investment, multi generational living, or living in one while generating meaningful rental income from the other. Move-in ready, New roof. Each home offers 3-bedrooms and 2-baths along with its own fenced outdoor space, patio, laundry, spacious two car garage, and generous off-street parking, creating a setting that feels more like single family living than a typical duplex. Unit B features attic space of more than 300 square feet, ideal for a home office, creative studio, or flexible space. This is a property that supports a true Santa Barbara lifestyle, offering walkable convenience, easy access to public transportation, privacy, and flexibility in one cohesive offering. Opportunities like this are becoming increasingly rare. The combined measured square footage of both units is approximately 2,800 square feet. Delivered vacant, the property is move-in ready with new roof, allowing the next owner to shape and maximize its full potential from day one.
Courtesy: Blue Star Real Estate
805-403-3630
Spectacular opportunity to own a rarely available duplex in University Village. Tucked away on a short, quiet cul-de-sac, this property offers an ideal combination of privacy, location, and versatility--close to everything Goleta has to offer. Featuring two well-designed units the two story townhouse-style unit offers 1,238 sq ft with 2 bedrooms and 1.5 baths.The second unit is a single-level 2-bedroom, 1-bath home with 953 sq ft. Both units enjoy private, fenced outdoor spaces, perfect for relaxing or entertaining. Each share a spacious two-car garage. Updated paint, windows, electrical and flooring. Amenities include use of the community pool,tennis and basketball courts, and a playground area.This duplex is ideal for both owner-occupant and investors alike. Opportunity knocks!
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
Prime opportunity for the savvy developer/investor to take advantage of the new flexible Adaptive Re-Use ordinance and favorable R-M zoning, to re-purpose inside the walls of a classic historic building into apartments or condominiums. As one of Santa Barbara's most treasured and unique properties, in an A++ location where downtown transitions to the Upper East and directly across from Alick Keck Park gardens, ''The McCormick House'' has been used commercially since the late 1960's as an art education center. The approx. 12,500+/-SF structure (incl. full ceiling height lower level) had a major systems renovation in the 1990's. Mills Act potential property tax reduction may add to the investment benefits. Contact agents for details and examples. Floorplans and ARU code under Documents.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-687-2666
Prime Santa Barbara 4-Unit Multifamily Investment Opportunity This well-maintained 4-unit multifamily property is ideally located just off Turnpike Road, offering quick access to the US 101 Freeway and only minutes from downtown Santa Barbara. Its central location places residents near retail shopping, restaurants, parks, and just a short walk from San Marcos High School — ensuring a strong and stable tenant base. Not subject to City Rental Rules Situated on an approximately 8,776 SF lot, the property features a 3,560 SF building with a highly desirable unit mix: (1) 1BD/1BA, (2) 2BD/1BA, and (1) 3BD/2BA. Each unit includes one dedicated covered parking space, adding to tenant appeal and convenience. With significant upside potential through rent growth or light improvements.
Santa Barbara is located in California. Santa Barbara, California has a population of 89,132. Santa Barbara is less family-centric than the surrounding county with 24.59% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Santa Barbara, California is $89,243. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Santa Barbara is 39.1 years.
The average high temperature in July is 73.1 degrees, with an average low temperature in January of 43.1 degrees. The average rainfall is approximately 18.5 inches per year, with 0 inches of snow per year.
