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Back 618 Olive St
Off Market

618 Olive St

Santa Barbara CA 93101

10
8
10018 sq. ft.
Multi-Family
Last sold for $3,650,000
Jonathan StandringJonathan Standring, last sold this property on 07 November 2025 after 309 days on market.

Overview

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.

Features

10 bedrooms
8 bathrooms
10018 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 10 bedroom multi families sold in Santa Barbara over the last 12 months.

Property history for 618 Olive St

2025
Sold
$3,650,000
07 Nov 2025 by Jonathan Standring, of Beachside Partners
2007
Sold
Undisclosed
08 Nov 2007

Happy sellers in Santa Barbara

97%
97% of sellers in Santa Barbara reported that their sale price either exceeded or met their price expectations.

Santa Barbara stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Santa Barbara over the last 12 months.

Local market activity for 10 bedroom multi families in Santa Barbara

Nearby agents

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Chase Enright

Chase Enright is a recommended agent for Santa Barbara.  They have 2 local sales and collected 2 local reviews across the last 12 months.

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Alisa Pepper

Alisa Pepper is a recommended agent for Santa Barbara.  They have 3 local sales and collected 1 local review across the last 12 months.

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Melissa Tierney

Melissa Tierney is a recommended agent for Santa Barbara.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (6 reviews)
  •  1 Review in Santa Barbara
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Jason R. Cox

Jason R. Cox is a recommended agent for Santa Barbara.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (29 reviews)
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