E Olive Santa Barbara CA 93101 MLS #V1-27351

E Olive
Santa Barbara, CA, 93101
$3,795,000
Beds
0 Baths
0 SqFt
0.23 Acres
$3,795,000
E Olive
Santa Barbara, CA, 93101
MLS #V1-27351 image #0MLS #V1-27351 image #1MLS #V1-27351 image #2MLS #V1-27351 image #3MLS #V1-27351 image #4MLS #V1-27351 image #5MLS #V1-27351 image #6MLS #V1-27351 image #7MLS #V1-27351 image #8MLS #V1-27351 image #9MLS #V1-27351 image #10MLS #V1-27351 image #11MLS #V1-27351 image #12
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:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
vc81
Listed Date:
Oct 9, 2025
Total Sq Ft:
6,000
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
2024
NewconstructionVc81Vc81

Schools

Interior

Flooring
TILE, LAM, CARP
Laundry Features
SEE

Exterior

Community Features
CW

Financial

Net Operating Income
$207,751
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James

James

Co-Owner/ Broker/ Realtor®

Default 805 748-2262
Work Phone 805 481-3939

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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Current real estate data for Single Family in Santa Barbara as of Nov 05, 2025
34
Single Family Listed
71
Avg DOM
1,909
Avg $ / SqFt
$6,614,403
Avg List Price

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Property Summary

    Located in the Not Applicable subdivision, E Olive Santa Barbara CA is a Single Family for sale in Santa Barbara, CA, 93101. It is listed for $3,795,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2024. The average price per square foot for Single Family listings in Santa Barbara is $1,909. The average listing price for Single Family in Santa Barbara is $6,614,403. To schedule a showing of MLS#v1-27351 at E Olive in Santa Barbara, CA, contact your James Outland agent at 8057482262.
broker reciprocity 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.
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E Olive
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