Rare West Beach investment opportunity just blocks from the ocean! Nestled in one of Santa Barbara's most coveted locations, this premier four-unit property places residents steps from the shoreline, Stearns Wharf, the Funk Zone, and the vibrant energy of lower State Street--the absolute heart of Santa Barbara coastal living. Featuring four charming units, the property enjoys enduring rental demand. 233 West Yanonali represents a compelling coastal asset with limitless upside. Whether you are a seasoned investor, seeking a live-in opportunity, or looking for a short term rental option, this rare West Beach fourplex has endless options. Opportunities like this don't come twice!
Behind the timeless façade of a beautifully restored 1920s Craftsman lies one of Santa Barbara's most unique and compelling residential offerings. Rich in architectural character and thoughtfully enhanced for modern living, this exceptional luxury compound seamlessly blends the romance of a bygone era with the sophistication, flexibility, and income potential rarely found. Situated on one of downtown's desirable tree-lined streets, the property enjoys an enviable location just moments from Alameda Park, Alice Keck Park Memorial Gardens, Kids World, the Santa Barbara Courthouse, State Street, theaters, restaurants, cafés, boutique shopping, and countless cultural attractions. Few locations offer such effortless access to the very best of Santa Barbara while still maintaining the charm and tranquility of a classic residential neighborhood. Leave the car behind and enjoy the convenience of one of the city's most walkable and beloved locations. At the heart of the property is a meticulously restored 1920s Craftsman residence that embodies the warmth, craftsmanship, and enduring appeal that have made these homes among Santa Barbara's most cherished architectural treasures. A welcoming front porch invites neighbors and guests alike, creating the perfect setting for morning coffee, afternoon conversations, and the simple enjoyment of life in one of Santa Barbara's most desirable neighborhoods. Period inspired architectural details, custom built-ins, rich wood accents, high ceilings, and beautifully preserved character elements evoke a time when homes were built with artistry, attention to detail, and a sense of permanence. Thoughtfully restored and extensively modernized, the residence successfully marries historic charm with contemporary convenience. Spacious living and dining areas flow effortlessly together, creating inviting spaces for everyday living and entertaining. The thoughtfully designed kitchen offers quality finishes and modern functionality while remaining true to the home's architectural heritage. Throughout the residence, careful restoration and meaningful upgrades have preserved the soul of the home while elevating it to today's standards of comfort and livability. Just beyond the main house and completed circa 2020, two luxury residences have transformed the property into a legacy compound. Each approximately 1,000 square feet and offering two bedrooms and two bathrooms, these beautifully designed homes feature contemporary architecture, open-concept living spaces, abundant natural light, and premium finishes throughout. What truly distinguishes these residences are their rooftop entertaining decks, thoughtfully designed to embrace the surrounding beauty. From these elevated vantage points, residents enjoy sweeping vistas of the Riviera that create an ever changing backdrop throughout the day. Whether enjoying a quiet morning sunrise, entertaining guests beneath colorful coastal sunsets, or relaxing under the stars, these rooftop retreats deliver a lifestyle experience seldom found in downtown Santa Barbara. With high annual gross rental income, the compound presents a remarkable opportunity for investors seeking strong cash flow in one of California's most desirable coastal communities. Equally compelling for owner-users, the property offers the ability to reside within a beautifully restored historic residence while benefiting from substantial supplemental income. The flexible configuration is ideally suited for multi-generational living, extended family use, guest accommodations, live/ work arrangements, or those seeking a rare combination of lifestyle and financial performance. Unlike traditional multifamily properties, this offering is defined not simply by income, but by its extraordinary blend of history, architecture, location, design, and versatility. Opportunities to acquire a fully restored historic Craftsman paired with two newer luxury residences are exceptionally rare. Even rarer are properties that successfully combine architectural significance, modern construction, rooftop view decks, meaningful income potential, walkability, and downtown convenience within one cohesive and turnkey ownership opportunity. The property's unique combination of a thoughtfully restored historic residence and two newer-built luxury homes, create a level of confidence rarely found in comparable offerings. Unlike much of Santa Barbara's older housing inventory, the compound benefits from modern construction, updated systems, and significantly reduced deferred maintenance concerns, allowing owners to enjoy the character and charm of a classic Craftsman while benefiting from the efficiencies and peace of mind typically associated with newer construction.
Some homes are renovated. This one was reborn. Over the course of 3 meticulous years, 2422 Fletcher Avenue was taken down to its bones and rebuilt with the kind of care and craftsmanship that simply isn't done anymore. The result is a classic Santa Barbara Craftsman that looks and lives like a brand-new home, without sacrificing an ounce of its old-world soul. The main residence offers single-level living at its finest across 3-bedrooms and 2-bathrooms: soaring ceilings, abundant natural light, and a chef's kitchen where every cabinet was custom-designed to evoke a sense of nostalgia, right down to the antique bronze grille mesh details. New windows frame the beautifully landscaped yard, where a thoughtfully designed hardscape sets the stage for effortless al fresco dining and entertaining Above the home, a fully independent 1-bedroom, 1-bathroom apartment with its own private entrance offers remarkable flexibility, whether for extended family, a creative studio, or rental income. Both units have been outfitted with separate meters, separate addresses (A & B), separate AC/heating systems, and in-unit laundry. The infrastructure is as thoughtful as the design. And the opportunity doesn't stop there. Approved plans and permits are already in place to add two Junior ADUs at the rear of the property, a rare head start for investors and owner-occupants alike. No detail was overlooked. No expense was spared. From the new roof to the new landscaping, every corner of this property tells the same story: done right, done once. This is not a flip. This is a legacy.
1611 Castillo Street offers a rare opportunity to acquire a well-located Santa Barbara triplex on a 16,988 SF lot, fully entitled for an additional seven total units. The property provides strong in-place income with approved plans for a clear near-term path to added density and future upside. Existing improvements include three well-maintained units: a remodeled 2BD/1BA and 1BD/1BA renovated in 2018, plus a 1BD/1BA built in 2006 with central HVAC and a gas fireplace. Each unit includes a private garage and dedicated storage. Minutes from downtown, the beach, Cottage Hospital, State Street, Funk Zone, and transit, 1611 Castillo offers investors a compelling opportunity to grow income in a supply-constrained coastal market.
Unique opportunity for multi-generational living, investment, or an owner-user seeking flexibility in a desirable Santa Barbara location. Charming front residence offers 3BD/2BA across approx. 1,567 SF with wood floors, formal dining, built-in cabinetry, fireplace, sunroom, covered front porch & stand-up attic. Detached Spanish-style duplex features an upper 2BD/1BA with fireplace, balcony & mountain views, plus a spacious lower studio with kitchen, fireplace & separate office/workspace. All 3 residences have in-unit laundry. Three single-car garages with alley access add convenience. Public records indicate the duplex is approx. 1,730 SF, bringing the combined living space to approx. 3,297 SF. A versatile property offering multiple possibilities for living & income. Buyer to verify.
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.
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.
Rare opportunity to acquire an established 15-bed RCFE, operating business, and two adjacent properties near downtown Santa Barbara. Operating for more than 36 years, the business benefits from historically strong occupancy, limited vacancy downtime, experienced staff, and established referral relationships. Current annualized revenue is approximately $1.78 million, with approximately $640,000 in seller-reported normalized NOI, representing an indicated in-place yield of approximately 6.5% before expansion. The offering includes 321 W Mission Street, the operating care facility, and 319 W Mission Street, an adjacent four-bedroom, two-bathroom residence on a 9,147-square-foot R-MH-zoned lot. The second property provides residential and care-related flexibility, potential additional licensed capacity, ADU or multi-unit opportunities, and meaningful long-term development upside. Offered together at $9,800,000, this is a compelling opportunity for an owner-operator or investor seeking immediate cash flow, valuable Santa Barbara real estate, and clear pathways for growth in a highly desirable coastal market with significant barriers to entry. Separate sale structures may also be considered. Financial documentation is available to qualified buyers following execution of a confidentiality agreement.
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.
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!
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. All units are on one year leases. Each unit is currently rented out as a single tenancy. Renting by the room or by the bed could generate additional income.
NO CITY RENT CONTROL HERE!!! Prime Santa Barbara 4-Unit Multifamily Investment Opportunity Ideally positioned just off Turnpike Road, this well-maintained four-unit multifamily property presents an attractive opportunity to acquire a versatile income-producing asset in one of Santa Barbara's most established residential markets. The property offers convenient access to the US 101 Freeway and is only minutes from downtown Santa Barbara, providing residents with easy connectivity to employment centers, shopping, dining, recreation, and everyday amenities. Situated on an approximately 8,776-square-foot lot, the property encompasses approximately 3,560 square feet of living space and features a desirable unit mix designed to appeal to a broad range of tenants: one 1-bedroom/1-bathroom u two 2-bedroom/1-bathroom units, and one 3-bedroom/2-bathroom unit. Each residence benefits from one dedicated covered parking space, an increasingly valuable amenity in Santa Barbara. The property's location contributes to a strong and convenient residential setting, with nearby retail shopping, restaurants, parks, and neighborhood services. Its proximity to San Marcos High School, along with quick access to major transportation routes, further enhances the property's appeal to prospective tenants and supports long-term rental demand. Not subject to City Rental Rules. For an investor, the property offers an appealing combination of existing rental income, four-unit scale, and meaningful upside potential. Opportunities may include continued rent growth, strategic cosmetic improvements, and selective property enhancements designed to improve the tenant experience and increase overall income. With its well-balanced unit mix, dedicated parking, established location, and potential for future value creation, this offering represents an opportunity to acquire a Santa Barbara multifamily asset with both current income and long-term upside.
Recognized as one of Santa Barbara's most iconic and cherished apartment properties, La Casa Rosalia is for sale for the 1st time in nearly 40 years. In a premium West Beach location 1.5 blocks to the waterfront and 1 block to State Street, the property is a crowning example of local Spanish Colonial architecture at its peak era, designed in 1930 by E. Keith Lockard. Today the 17 total units in 3 buildings are ready for the generational investor to claim a trophy property with an unmatched long-term upside potential, plus possible Mills Act tax benefits and R-4/Coastal zoning. The 11,675+/-SF measured gross living area = ~$900/SF, perhaps half of the market value for the area of a future renovated complex. Unbranded OM available in Documents. Don't miss a true one-of-a-kind opportunity!


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.