SoldNov 7, 2025

Listed and Bought with Jonathan Standring from Beachside Partners

Source: San Diego MLS #V1-27351

618 Olive St, Santa Barbara, CA, 93101

$3,650,000

10
8
10018 sq. ft.

MultiFam

30+ days on the market

Sold: Nov 7, 2025

What's around 618 Olive St

About this property

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.

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Other properties sold by Jonathan Standring

SoldApr 2, 2026
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5
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Listing courtesy of Beachside Partners and Sun Coast Real Estate
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Listing courtesy of Beachside Partners
SoldNov 7, 2025
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Listing courtesy of Beachside Partners and Berkshire Hathaway HomeServices California Properties (Santa Barbara, 93105)

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