$3,795,000
618 E Olive
Santa Barbara, CA, 93101
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.
Property Details
Price:
$3,795,000
MLS #:
V1-27351
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
vc81santabarbara
Listed Date:
Jan 3, 2025
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
2024
Schools
Interior
Fireplace Features
None
Flooring
Carpet, Tile, Laminate
Exterior
Community Features
Gutters
Electric
220 Volts
Fencing
Masonry, See Remarks
Garage Spaces
0.00
Lot Features
Near Public Transit, Park Nearby
Parking Features
None
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
2
View
None
Financial
Association Fee
0.00
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Map
Current real estate data for Residential Income in Santa Barbara as of Aug 07, 2025
6
Residential Income Listed
116
Avg DOM
$2,864,833
Avg List Price
Community
- Address618 E Olive Santa Barbara CA
- NeighborhoodVC81 – Santa Barbara
- CitySanta Barbara
- CountySanta Barbara
- Zip Code93101
Subdivisions in Santa Barbara
- Cold Springs
- Hope Ranch
- KGM Construction
- Marine Terrace
- Rancho Del Ciervo
- Santa Barbara: Other
- Santa Barbara: Other 80
- The Riviera Hill Apartments
- Upper East
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Property Summary
- 618 E Olive Santa Barbara CA is a Residential Income for sale in Santa Barbara, CA, 93101. It is listed for $3,795,000 To schedule a showing of MLS#v1-27351 at 618 E Olive in Santa Barbara, CA, contact your James Outland agent at 8057482262.
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Courtesy of Beachside Partners. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 618 E Olive
Santa Barbara, CA
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