$ 3,795,000
-
$3,795,000
Price -
14
Bed -
12
Bath -
6,000
SqFt
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About the Listing V9025 - v211512682,v199506173
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.
Listing Highlights for 618 E Olive
Status
Active
Days on Site
245
Property Type
Multi-Family
MLS ®
V1-27351
Year Built
2024
Total Square Footage
6,000
Lot/Acreage
0.23
Interior Details
- Bedrooms: 14
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Carpet,Tile,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Near Public Transit,Park Nearby,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: C-M
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 031171009
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
618 E Olive Santa Barbara, CA 93101
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