Courtesy: Brian Delshad, Broker
805-500-6362
Multi-unit investment opportunity on a prime corner lot in Santa Barbara! Triplex features two spacious 2BD/1BA units and a private detached studio. Both 2-bedroom units received top-of-the-line, complete renovations just two years ago and offer charming front porches. Upgrades include a brand-new roof, flooring, and high-end finishes throughout. Ideal for an investor or an owner-occupant looking for steady rental income in a highly sought-after area. Minutes from downtown, beaches, local dining, and major commuter routes.
Courtesy: Village Properties
805-969-8900
A rare Santa Barbara opportunity featuring two fully detached residences on one property, offering approximately 2,429 total SqFt between the two homes. Each residence offers 3BD/2BA, its own fenced yard and patio, laundry, a 2-car garage, and ample off-street parking, creating the feel of two single-family homes. The original single-level Anapamu residence was built in 1910 and extensively remodeled in 2004, when the two-story San Andres residence was built. Delivered vacant and move-in ready with a new roof. Ideal as an investment or an opportunity to occupy one home while generating rental income from the other. Four garage spaces, separate outdoor areas, and a location convenient to downtown, restaurants, shopping, transportation, and nearby schools.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
Pistachio House presents a rare residential income opportunity in the heart of downtown Santa Barbara, combining a distinctive 3 bedroom, 3 bathroom residence designed by prominent Santa Barbara architect Jeff Shelton with ±2,400 square feet of commercial space fronting State Street. Privately accessed via a secluded paseo, the approximately 1,700 square foot residence was commissioned and built in 2002 by the owners of the Santa Barbara Pistachio Company. Shelton's imaginative interpretation of Spanish Colonial Revival architecture is expressed through white plaster walls, arched openings, handcrafted tilework, expressive wrought-iron railings, and richly saturated colors throughout the doors, cabinetry, and architectural accents. Interior spaces are intimate yet dynamic, with artisan tile surfaces, and carefully framed windows. Each living area connects to its own finished outdoor terrace, with seven terraces in total. Upper-level terraces offer approximately 280-degree views, creating exceptional indoor-outdoor living across multiple levels. Additional residential features include a finished garage with ample storage, dedicated work area, EV charger, exercise space, and an elevator servicing all levels. The separate commercial building is configured as two retail suites, one on each level, and offers established rental income from long-term tenants both of whom have occupied the property for more than 15 years. Ideally positioned on State Street at the gateway to the Funk Zone, four blocks from the beach, and surrounded by downtown dining, shopping, hotels, and cultural amenities, Pistachio House offers a rare opportunity for an owner-user or investor seeking a distinctive architectural residence paired with established commercial income.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-319-7070
Built in 1925, this Spanish-style residence carries the character that defined Santa Barbara's early architecture, with classic white-washed walls, a red tile roof, and arched details that have held up for a century. A second, fully separate house on the property adds room to live, host, and plan for what comes next. Both homes are single-story, so daily living is easy from front door to garden. The main residence offers 2 bedrooms 1.5 baths with interior features: e.g., original hardwood floors, beamed ceilings, fireplace, updated kitchen. The second house offers 1 bedrooms 1 baths and its own entrance, well suited for extended stays with guests, a studio, or rental income. Rents are projected! The property's R-O (Restricted Office) and R-2 (Two-Unit Residential) zoning adds real flexibility. Owner-users, investors, and professionals can consider a range of options, from a two-home residential setup to a live/work arrangement or professional office use, subject to City of Santa Barbara approval. Buyer to verify permitted uses and permits.
Courtesy: Coast and Valley Properties
805-563-2337
This delightful DUPLEX presents a special opportunity to own two charming single-story 2BD/1BA residences, each with its own attached 1-car garage, w/laundry hookups, fenced front garden and private side patio. One residence offers an excellent owner-occupancy opportunity while the other provides existing rental income--an ideal blend of lifestyle, flexibility and investment potential. Recent improvements include a new roof, garage doors, gutters & downspouts. Unit #622 has refinished hardwood floors, new paint & window coverings. Each unit is separately metered for utilities. Conveniently located on a treelined street near shopping, downtown Santa Barbara and the beach. A rare opportunity to own a versatile Santa Barbara property. Delightful Santa Barbara Duplex, Centrally Located on a Tree-Lined Street! A wonderful opportunity to own a Santa Barbara duplex offering the privacy and functionality of two individual homes--combined with the income potential and flexibility of a multi-unit property. Welcome to 622 & 624 W. Valerio Street, an exceptionally appealing duplex featuring two separate 2-bedroom, 1-bath single-story residences, each designed to provide a true sense of independence and privacy. What sets this property apart is the thoughtful configuration of each residence. Each unit has its own attached one-car garage with laundry hookups, its own fenced front garden & lawn area, and its own private fenced side patio. Rather than feeling like a traditional apartment-style duplex, each residence offers many of the features buyers appreciate in a single-family home. One of the property's most compelling advantages is its flexibility. One unit currently offers an opportunity for a new owner to occupy that residence. The second unit is currently occupied, providing an existing rental income component. For an owner-occupant, this presents the possibility of living in one home while generating rental income from the other. For an investor, the property offers two separate 2-bedroom, 1-bath residences with desirable features that can contribute to long-term rental appeal. For a buyer seeking flexibility, the two-unit configuration provides options that a conventional single-family property simply cannot. WHY IS THIS DUPLEX IS DIFFERENT? Many duplexes offer shared outdoor areas, shared garages or limited parking and laundry facilities. Each residence has its own garage. Each residence has its own laundry hookups. Each residence has its own fenced front garden. Each residence has its own side patio. Each unit has separately metered water, gas & electric utilities. New roof, gutters & downspouts & garage doors ehance its overall value. Unit #622 has refinished hardwood floors, window coverings & paint. The result is a property that offers the convenience of two independent homes while maintaining the advantages of a single real estate investment. Multi-unit properties in Santa Barbara offer a particularly compelling combination of ownership flexibility and income potential. Finding one with two 2-bedroom residences, individual garages and private outdoor spaces make this property especially noteworthy. Whether you're looking to: " Live in one unit and rent the other " Build or expand a Santa Barbara investment portfolio " Own a property with multiple future-use possibilities " Combine personal use with rental income " Acquire a versatile multi-unit property in Santa Barbara That simple combination captures what makes this property special. 622 & 624 W. Valerio Street offer the opportunity to own two separate Santa Barbara residences in one property--with privacy, outdoor space, garages, laundry facilities and income-producing potential. A rare opportunity. A flexible investment. Two places to call home.
Courtesy: Sotheby's International Realty
805-969-4755
Rare Residential Income Property Opportunity. This distinguished estate has not been on the market in over 50 years. Set in the heart of Santa Barbara's historical district, this charming property encompasses a Victorian main residence with attached studio, separate entrance and three detached rental units. Ideally situated within a short distance of restaurants, schools, church, and downtown State Street, the property offers a unique opportunity for generational living or those seeking income potential. The Victorian main residence celebrates craftsmanship and exudes timeless charm, with a redwood grand staircase, crown moldings, vintage redwood pocket doors, and generous living areas. An intimate secluded front garden framed by privacy hedges provides a private retreat with hot tub. From the property, views extend across Santa Barbara's historic Spanish red tile roofs toward the Granada and Arlington theaters, capturing the character and enduring appeal of this exceptional neighborhood. Main House Built in 1895 3 bedrooms / 2 baths Attached Studio and separate entrance. Three Detached Rental Units Added in the 1960s Each rental unit offers 1 bedroom / 1 bath, off-street parking, and communal laundry. Major Property Improvements Include: New roof on main house Pest work completed Sewer lateral inspection French drain Many window screens replaced Some exterior and interior painting Building inspections available upon request. Photography and Virtual Staging provided by David Palermo. To experience the property, please contact listing agent Marie Larkin. Please do not disturb owners or tenants at the property
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.
Courtesy: Sotheby's International Realty
805-969-4755
A Carpinteria multi-home gated compound near Padaro Lane, Santa Claus Beach and the Polo Fields. Set on a level .97-acre parcel with lawns, gardens and citrus orchard, this AG-I-10 property offers approx. 4,000 sq ft across two single-level homes and a studio. Approx. 2,100 sq ft main residence features 3 bedrooms, 3 baths, vaulted ceilings, a stone fireplace, open living areas and access to patios, a deck and lawns. The second home offers approx. 1,500 sq ft, 3 bedrooms, 2 baths, hardwood floors, a fireplace, stylish kitchen and mountain-view deck. A studio above the garage and workshop adds a third living or work space. Garages, carports, outbuildings, abundant parking, landscaping and cinematic mountain views complete this private compound near the beach, cafés and downtown Carpinteria.
Courtesy: Hayes Commercial Group
805-563-2111
Casa Castillo presents a rare opportunity to acquire a fully permitted, five-suite boutique hotel in the heart of downtown Santa Barbara. Ideally situated just half a mile from State Street and minutes from the vibrant Funk Zone, beaches, shopping, and an abundance of dining and entertainment options, the property offers an exceptional location in one of California's most desirable coastal destinations. As one of a limited number of fully permitted short-term rental properties in Santa Barbara's downtown core, Casa Castillo represents a unique opportunity to acquire a turnkey hospitality investment with an established operating platform and attractive cash flow. Occupancy of 80% at a $496 ADR and a 6.5% Cap Rate. interiors. Amenities include high-speed internet access, air conditioning, BBQs and Tesla charging station. This is a turnkey opportunity for the investor looking to expand their short-term rental portfolio and capitalize on the approximately 7.2 million visitors to Santa Barbara, or for a buyer looking for their pied-à-terre in Santa Barbara that not only supports their ownership costs but generates income on their investment.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
3432 Richland Drive is a rare opportunity to purchase an attractive and mostly stabilized mid-size multi-family building in the center of Santa Barbara's Upper State corridor - a hub of restaurants, retail and financial services. The location is also within a mile of Cottage Hospital (Santa Barbara's largest private employer), and near the Muni Golf Course, MacKenzie Park and La Cumbre Shopping Center. The 8 units are 1 x 2-BR/1-BA, 5 x 1-BR/1-BA and 2 studios. The property has good curb appeal with manicured landscaping, and is set privately in a corner location. The property delivers a solid current yield approaching a mid-5%'s cap rate, with remaining upside over time. Possible loan assumption at 5.69% interest rate, contact agent for details. Offering Memorandum in Documents.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-687-2666
Tucked away at the back of a quiet 8-unit complex, this rare Westside SantaBarbara condo offers peaceful seclusion with central convenience. All 3 bedrooms feature private, full ensuite baths. Perfect for student housing. The primary suite impresses with dual sinks, a double-headed shower, and soaking jacuzzi tub. The open floor plan of the kitchen, dining, counter seating, and living room flows through a glass slider to a private enclosed patio. In-unit laundry, central A/C, and generous storage. Parking is a standout: two assigned spaces plus a rare third off-street spot, all accessed via the ''Mercedes Lane'' off Carrillo. This flexible floor plan is perfect for 1031 buyers, as a student rental, and more!
Courtesy: Marcus and Millichap
818-212-2700
The subject property is a 3-unit apartment building located in the lower east side area of Santa Barbara. One mile east of the 101 Freeway, and just north of the Coast Village shopping area and the Montecito Country Club and one and a half miles to the beach. The unit mix consists of 2 three-bedroom two bath units and 1 two-bedroom two bath units. All units are separately metered for gas and electricity. There are no public records regarding the year built or the square footage of the building. The year built and the square footage has been estimated in this marketing package. Buyer to do their own investigation regarding the year built and square footage of the building. Unit A has been completely remodeled including a new kitchen with appliances in August 2018. Plus, a new patio was installed in the front yard of Unit A in May 2022. Unit B had new concrete work completed at their front door in March 2024. A new sump pump + concrete work + a new drainage line was installed on the west side of the property to improve the exterior drainage in March of 2026. On site parking consist of a carport for 4 cars plus open parking spaces for additional parking spaces on the premises. There is a common laundry room for the use of all tenants. There is an existing loan with Chase Bank in the approximate amount of $723,045 which is assumable. Starting in October 2026 the interest rate will be 7% and the monthly payment will be $4,217.76. For more information, contact Earle Hyman at [email protected].
Courtesy: Sun Coast Real Estate
805-682-4304
Two meticulously remodeled cottages in a prime downtown Santa Barbara location! Offering the perfect blend of historic charm and modern elegance. The front home is 3 bedrooms, 1.5 bath, while the back home is a 2 bedroom & 1 bath. The back unit is located above the 2-car garage. Each home has it's own outdoor living space and a washer/dryer. Plans and permits are in process for a 3rd unit (garage conversion) for a 2 bed, 1 bath with a private yard. This unique property provides turn-key income in addition to value-added potential, Appealing to both investors and homeowners seeking an income-generating retreat or family compound.
Courtesy: Hayes Commercial Group
805-563-2111
Located along the highly desirable Lower De La Vina corridor, 715-719 De La Vina Street represents a rare opportunity to acquire a centrally located residential compound with significant long-term redevelopment and value-add potential. The offering consists of two adjacent parcels totaling approximately 25,881 SF (0.59 acres) improved with seven (7) units. Future redevelopment scenarios may involve a combination of preservation, adaptive reuse, infill development, ADU expansion, or higher-density multifamily redevelopment utilizing the City's AUD program and State Density Plus. The combination of substantial land area, existing residential income, favorable zoning, and central Santa Barbara location creates a unique opportunity for investors, developers, and long-term landholders.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
Located in the heart of downtown Santa Barbara, this well-maintained R-4 zoned duplex is an excellent opportunity for investors or future owner-users. Each spacious 1-bedroom, 1-bath unit offers over 700 square feet, private laundry, dedicated carport parking, and additional storage. The downstairs unit features higher-end finishes and a private patio, while the upstairs unit offers an updated kitchen and large deck with mountain views. Both units are tenant occupied with leases through year-end, providing immediate rental income and future flexibility. Ideally located near State Street, shopping, dining, parks, and downtown amenities.
Courtesy: Sun Coast Real Estate
805-682-4304
Magnificent triplex opportunity in Santa Barbara's desirable Eastside neighborhood! 420 S Canada Street features one 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units, each separately metered for added convenience and flexibility. Situated on a large, level lot, the property offers a variety of possibilities for an owner-user, multi-generational living, or investment. Ideally located just minutes from the beach, Downtown Santa Barbara, shopping, restaurants, and other neighborhood amenities, this property combines a convenient location with the flexibility of three separate units. Whether you're looking to live in one unit while generating rental income or add a well-located property to your investment portfolio, 420 S Canada Street presents an excellent opportunity.
Courtesy: Sotheby's International Realty
805-969-4755
Two Homes with abundant outdoor space in San Roque! A true two-home property in the desirable Hope School District, ideal for rental income, extended family, live/work or a 1031 Exchange. Centrally located for easy Santa Barbara living and ready for immediate occupancy. The front house offers 3 bedrooms and 1 bath and features outdoor living with a large deck and two patios. The separate rear house has 1 bedroom and 1 bath with its own backyard space. The property has a garage, carport and room for a few additional cars on the newly slurry-sealed motor court, also ideal for sports and play. Recent improvements include a newer roof, fresh interior paint and newer flooring, and the property has been nicely prepared for sale. The rear house kitchen is stylish and up to date, while the front house kitchen offers an opportunity to add your own touches. Set on approximately .32 acres with mature fruit trees, beautiful landscaping, pretty plantings and view corridors to the west. The front wall and fencing create a great setup for a future electric gated entry. Convenient to shopping and schools, and just minutes to the beach, hiking and biking. Two homes, one lot, great outdoor living and a true Santa Barbara setting.
Courtesy: Village Properties - 1
805-681-8800
With nearly 3,400 square feet of thoughtfully designed living space, this beautifully updated home offers an exceptional blend of style, flexibility, and indoor-outdoor living in the desirable Peabody School District Attendance Area. The versatile floor plan includes four bedrooms, four bathrooms, and a permitted Junior ADU--ideal for multi-generational living, a 1031 exchange, supplemental income, or simply additional space. Natural light fills the interiors, creating an effortless connection between the kitchen, living spaces, and outdoors. The renovated kitchen features designer cabinetry, quartz countertops, and stainless-steel appliances, while the expansive downstairs flex space offers endless possibilities as a media room, gym, office, playroom, or future ADU. Thoughtful upgrades include dual-pane windows and sliders, solid-core interior doors, an upgraded electrical panel, tankless water heater, and central A/C. Outside, enjoy ocean and island views from the inviting deck, a private fenced yard with drought-tolerant landscaping, paver driveway, two-car garage, and ample parking. Meticulously maintained, this rare property combines generous living space, built-in income potential, and exceptional flexibility--all under one roof.
Courtesy: Goodwin & Thyne Properties
805-899-1100
Welcome to 801 W. Sola Street, a versatile Westside property featuring two separate residences and exceptional flexibility. The updated 2-bedroom, 1-bath main home offers an open floor plan, remodeled kitchen and laundry, updated bath, newer flooring, windows, roof, foundation, electrical, plumbing, heating and more. A spacious 2-bedroom, 1.5-bath ADU provides private living quarters with its own kitchen, living/dining area, utilities, tankless water heater and separate electrical panel. Gated access, a custom wrought-iron fence, carport, paver-lined front garden and exterior improvements complete the property. Conveniently located near downtown, beaches, parks, schools and dining, this is an ideal opportunity for multigenerational living, rental income or a flexible live-and-invest setup.
Courtesy: Village Properties
805-969-8900
Two freestanding buildings located in the De La Vina corridor with easy access to restaurants, theaters and the MTD bus line. A freestanding office has been reimagined into a stylish one bedroom loft style residence. In back is a charming cottage. Each have their own small yards separated by a privacy hedge. The property works well for dual living or a small office with employee housing behind the building. Four covered parking spaces are provided in a tandem arrangement under a carport roof.
Courtesy: Sun Coast Real Estate
805-682-4304
Ideally located Duplex Opportunity in Santa Barbara! This well-positioned duplex offers an excellent opportunity for an owner-user, investor, or multi-generational living arrangement. The property features two separate 2-bedroom units, each with its own interior access and private washer and dryer hookups, with utilities separately metered for added convenience. The larger 2-bedroom, 2-bathroom unit offers a spacious living area with vaulted ceilings, creating an open and inviting feel, along with an attached two-car garage. The second 2-bedroom, 1-bathroom unit provides comfortable living space and includes its own one-car garage. Both units offer practical layouts, private garage parking, and the convenience of in-unit laundry hookups. Located in a convenient Santa Barbara neighborhood, the property is just minutes from downtown, local beaches, Santa Barbara City College, restaurants, grocery stores, and major freeway access. With its desirable location, flexible living options, separate metering, and ample garage parking, this duplex presents a unique opportunity in the Santa Barbara market.
Courtesy: Madrigal Real Estate
805-729-0653
Unique 2 houses on a scarcely available R-4 multi family property near downtown Santa Barbara. Queen Anne historical 2bd, 2ba unit in front with high ceilings, formal dining room, laundry room and office. Remodeled kitchen and baths. Unit in back is a 3bd, 1ba separate home with a remodeled kitchen, upgrades throughout, attached utility and laundry rooms. New roofs and electrical panels on both homes. Potential to add two units to back house on this R-4 property. Investment income opportunity. Move in ready.
Courtesy: Berkshire Hathaway HomeServices California Properties
805-969-5026
Accessible price point for A+ location apartments by Santa Barbara's waterfront and East Beach, openly for sale for the 1st time since built in 1958. Featuring 8 generous-sized units - 6 x 1-BR over 600 gross SF (meas.), plus 2 x 2-BR over 900 gross SF (meas.) - price is $550K/unit or $806/SF, well below market for the very limited multi-family inventory near the beach of one of world's most renowned coastal communities. Highlights include attractive landscaping around a central green courtyard, high vaulted wood beam ceilings in the 4 upstairs units, moderately updated interiors, and a long pride-of-ownership history. Opportunity for the patient investor to realize long-term cap rates far above historic cap rates for Santa Barbara's beach areas; see pro-forma in unbranded OM in Documents
Courtesy: Berkshire Hathaway HomeServices California Properties
805-687-2666
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).
Courtesy: Paloma Realty Partners Inc.
805-259-9638
Rare turnkey four-unit investment opportunity featuring two newly constructed residences that have never been occupied and two extensively renovated one-bedroom units. Three of the four units will be delivered vacant, allowing immediate lease-up at market rents or the flexibility for an owner-user to occupy one unit while generating income from the others. Located just minutes from East Beach, the Funk Zone, Downtown Santa Barbara, and Montecito, this property offers a highly desirable unit mix, minimal deferred maintenance, and a unique opportunity to establish new tenancy from day one in one of California's strongest rental markets.
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.
