618 E Olive, Santa Barbara, CA 93101
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
618 E Olive,Santa Barbara, CA 93101
$3,795,000
- 10 Beds
- - Baths
- 6,000 sq. ft.
- Multi-family
- Active
Listed by: jonathan standring, lori zahn
Office: beachside partners
MLS#:CRV1-27351
Source:CA_BRIDGEMLS
Price summary
- Price:$3,795,000
- Price per sq. ft.:$632.5
About this home
Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650.
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Home facts
- Year built:2024
- Listing ID #:CRV1-27351
- Added:343 day(s) ago
- Updated:December 13, 2025 at 03:27 PM
Rooms and interior
- Bedrooms:10
- Living area:6,000 sq. ft.
Structure and exterior
- Year built:2024
- Building area:6,000 sq. ft.
- Lot area:0.23 Acres
Finances and disclosures
- Price:$3,795,000
- Price per sq. ft.:$632.5
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