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Santa Barbara Multifamily Property for Sale

November 16, 2022

A selection of our current multifamily real estate property listings in Santa Barbara, CA.

Radius Group put together a list to highlight the Santa Barbara multifamily property for sale from our portfolio of commercial real estate properties. Below are links to the respective multifamily assets in Santa Barbara as well as the address and notes for highlights of the properties. The retail properties below currently have availabilities, and the list is subject to changes with new listed and / or purchased properties. We will update the list frequently as new deals are signed and new assets are added to our portfolio.

You can contact our CRE experts directly to find out more about any of the available spaces or to find out more about our commercial real estate services in Santa Barbara and surrounding areas.

 

Sale
Santa Barbara

1715 De La Vina St.

Downtown Duplex with Vacation Rental Possibility! Nestled in the Downtown Corridor and within close proximity to all of Santa Barbara’s restaurants, shopping and theatres, sits 1715-1721 De La Vina. Consisting of (2) 1 bedroom + 1 bath units, the property boasts spacious floor plans, large windows and majestic mountain views. Upstairs unit features a bright and charming interior, ample storage and an extra-large patio space looking out to the mountains. Downstairs unit has been fitted with high end finishes and includes a private outdoor terrace. Tenants enjoy the ease of off-street parking in the shared 2-car carport.

Multi-Family

$1,290,000
2 Units
View Property View Details
Sale
Santa Barbara

1721 De La Vina St.

Exceptional and meticulously maintained owner/user or possible vacation rental opportunity in Santa Barbara’s premier Downtown Corridor! 1721 De La Vina offers it all, consisting of (2) 1 bedroom/1 bath, (1) 2 bedroom/2 bath and a large 2 bedroom/2 bath + bonus room main house. The front building is made up of 3 apartment style units that are each tucked behind custom wrought iron privacy gates with large patio spaces. Each unit is fitted with its own unique finishes including vaulted ceilings, skylights, built-ins, fireplaces, marble tiling and custom cabinetry.

Set at the back of the property, and the newest addition, is the custom main house. Visitors are welcomed by soaring cathedral ceilings and beautiful Spanish floor tile. The well thought out floor plan features a fully equipped kitchen, dramatic living room with fireplace, downstairs bedroom and large upstairs primary with on-suite bathroom. There is an upstairs bonus room that currently works as a playroom and laundry room.

Tenants enjoy ample parking on the property with a 2 car garage for the main house and a shared 2 car garage for the apartments. Additionally, there is a 4 car carport for tenants and overflow parking. This property, now available for the first time in decades, offers a premier chance for both seasoned investors and owner/users to acquire a rare opportunity in this highly coveted area.

Multi-Family

$2,690,000
4 Units
View Property View Details
Sale
Santa Barbara

1514-1520 Garden St.

Tucked away in the picturesque heart of downtown Santa Barbara, 1514–1520 Garden St. presents a rare and highly coveted investment opportunity. Comprising two separate large parcels, this asset boasts a (1) 7 bed/5.5 bath house, (1) 3 bed/3 bath ADU, (2) 2 bed/2 bath ADUs, (6) 1 bed/1bath units and (1) studio. Both original structures have been designated as a Structure of Merit by the Historic Landmarks Commission, however, each unique unit has been extensively remodeled with high-quality finishes and new appliances. The spaces boast a mixture of vaulted ceilings, wood-tile flooring and a/c units. While large, updated windows invite a flood of natural light, creating a warm, welcoming ambiance throughout. Each bedroom provides its own separate entrance and serene private space. The exterior of the property is equipped with new 40-year roofs and solar panels, ensuring hassle-free maintenance for years to come. Meandering walkways intertwine through the new landscaping which includes flower and herb gardens, passionfruit, citrus, fig, avocado trees and more. Tenants enjoy the ease of off-street parking and washer/dryers in each unit. Just beyond the property’s tranquil and relaxing setting lies Santa Barbara’s lively downtown filled with restaurants, art museums, shopping and theatres making it a tenant’s dream. Do not miss out on making this unique property a part of your portfolio.

Multi-Family

$7,600,000
11 Units
View Property View Details
Sale
Santa Barbara

208 W. Arrellaga St.

Owned and loved by the same family for over 70 years. The combination of location, character and unit mix makes 208 W. Arrellaga St. an ideal and rare multi family investment opportunity. Set behind a white picket fence, rose bushes planted in the 1940’s line the walkway to the original main house which consists (1) 2 bed/1 bath, (2) 1 bed/1 bath.

The spacious downstairs 1-bed unit has a formal living room, separate dining room as well as a sun porch that opens up to an inviting patio and a fenced private backyard. The upstairs 1-bed unit features dining room/breakfast nook, galley kitchen and a sun porch overlooking the backyard. The 2-bed unit, which is also located upstairs, has a formal living room with large windows and a franklin-stove-type fireplace. Additionally, in the back of the property, there is a cozy 1-bed/1-bath cottage.

The main house still embodies the charm of its original 1904 finishings. Units feature hardwood floors throughout and high ceilings with crown molding and an abundance of natural light. All four units have been well maintained and offer spacious floor plans and privacy. This asset is conveniently located near downtown with easy freeway access and only a short distance to Cottage Hospital, shopping and dining. Don’t miss out on making this unique property part of your portfolio.

Each apartment has its own utility meter and service panel, including electric and gas meters. Tenants are responsible for their own utilities and pay their own utility bills except water & trash.

Contact Listing Agents for details. ACCESS TO BUILDING SUBJECT TO ACCEPTED OFFER. PLEASE DO NOT DISTURB TENANTS.

Multi-Family

$2,095,000
4 Units
View Property View Details
Sale
Santa Barbara

306-310 Ladera St.

NEW TO MARKET! Prime West Beach 7-Unit property on separate parcels. This versatile property includes a 5-plex and a duplex with ample value add upside potential from excess land to build an ADU adding more units or visualize a full development project between the two parcels. Preliminary city consultation suggests feasibility of building approximately 11 units on 306 Ladera St. Excellent unit mix with (5) 2BD/1BA’s and (2) studios walking distance to the beach, Santa Barbara City College, the Funk Zone, Downtown, and Santa Barbara’s iconic Stearn’s Wharf. Contact Listing Agents for further details.

Multi-Family

$3,550,000
7 Units
View Property View Details
Sale
Santa Barbara

2011 Oak Ave.

First time on the market in over 40 years! Located at the end of a quiet cul-de-sac in Santa Barbara’s burgeoning Westside neighborhood, sits 2011 Oak Avenue. This approx. 4,218 SF Multi-family property features (8) 1 bedroom/1 bathroom units boasting spacious floor plans and private entrances, each flowing with an abundance of natural light. Upstairs units are peaked with cathedral ceilings and offer fireplaces and breathless mountain views. Tenants enjoy the ease of a 14-space parking lot, beautiful landscaping and convenient on-site laundry. The building has been very well maintained over the course of its longtime ownership. Current rents for these units are below market, offering an investor a fantastic opportunity for upside. Do not miss this chance to acquire a centrally located investment asset minutes from downtown Santa Barbara’s numerous restaurants, shopping and entertainment options.

Multi-Family

$2,975,000
8 Units
View Property View Details
707-723-Colina-Lane-Santa-Barbara-CA-93103-Radius-Commercial-Real-Estate_WEB
Sale
Santa Barbara

707-723 Colina Lane

707-723 Colina Lane

Perched on a lush hilltop on Colina Lane, this prime lower Riviera asset, comprising five (5) townhome duplexes, represents a prime opportunity to purchase an investment property that has not been on the market in 50 years. Each of the 10 units boasts an ocean view and is surrounded by lush gardens, giving the complex a very private feel. The approx. .75-acre, well-kept property is surrounded by multi-million dollar homes, just steps from the Santa Barbara Bowl. Made up of nine (9) 2BD/1.5BA and one (1) 3BD/2.5BA units, the rental base is ideal for both smaller families and professionals. Each unit has covered parking as well as balconies and patios for tenants to enjoy the fresh air and views this location provides. Pro Forma rents with minimal upgrades will garner substantial income for investors.
 

Multi-Family

$8,200,000
10 Units
View Property View Details

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