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    Santa Barbara, CA Apartment Buildings for Sale

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    Goleta, CA Isla Vista, CA Solvang, CA
    Santa Barbara Multifamily Investment Opportunity
    $6,500,000

    Santa Barbara Multifamily Investment Opportunity

    3445 Richland Dr, Santa Barbara, CA 93101

    Sixteen-unit multifamily property with upgraded interiors and plumbing improvements.

    • Fourteen of sixteen units renovated with upgraded interiors.
    • New sewer connections to the street ensure long‑term infrastructure reliability.
    • Consistently high occupancy and minimal vacancy.
    • Proven record of professional maintenance.
    • Upside potential through continued modernization and rent growth.
    Updated: Apr 24
    View details
    Santa Barbara Six-Unit Apartment Building
    $2,900,000
    5,486 SF

    Santa Barbara Six-Unit Apartment Building

    601 Eucalyptus Ave, Santa Barbara, CA 93101

    Well-maintained six-unit apartment building in central Santa Barbara location.

    • Centrally located in Santa Barbara with convenient access to Downtown, the Mesa, and Cottage Hospital.
    • Five of six units updated with newer flooring, modern kitchens, and refreshed bathrooms.
    • Spacious 2BD/1BA flats, approximately 900 square feet each.
    • Ample on‑site parking: 2 spaces per unit.
    • Recent capital improvements: updated electrical panels, newer windows, and completed sewer lateral work.
    Updated: Feb 26
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Santa Barbara, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Entitled Multifamily Development Opportunity
    $1,925,000
    44,338 SF

    Entitled Multifamily Development Opportunity

    Approved plans for 53-unit apartment building in downtown Oxnard.

    137 W 1st Street, Oxnard, CA 93030
    View details
    Entitled Multifamily Development Opportunity
    $1,925,000
    44,338 SF

    Entitled Multifamily Development Opportunity

    Approved plans for 53-unit multifamily building in downtown Oxnard.

    137 W 1st St, Oxnard, CA 93030
    View details
    Ten-Unit Apartment Complex For Sale
    $3,550,000
    9,330 SF

    Ten-Unit Apartment Complex For Sale

    Ten-unit apartment complex near Pacific View Mall and local beaches.

    Rexford Street, Ventura, CA 93003
    View details
    Approved Westside Housing Development Project
    $999,000
    5,580 SF

    Approved Westside Housing Development Project

    Approved 10-unit development project on Ventura's Westside.

    637 Sheridan Way, Ventura, CA 93001
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    $2,250,000
    89,438.00 Acres

    Prime Commercial Land Opportunity

    2+ acres of commercially zoned land with freeway exposure.

    31426 The Old Road N, Castaic, CA 91384
    View details
    Land in Picfair Village
    $1,495,000
    0.16 Acres

    Land in Picfair Village

    Vacant land approved for 20-unit multifamily project in prime location.

    1562 S Fairfax Ave, Los Angeles, CA 90019
    View details
    Silver Lake Affordable Housing Development
    $2,350,000
    0.18 Acres

    Silver Lake Affordable Housing Development

    Ready-to-Issue 54-unit affordable housing development opportunity in prime Silver Lake.

    1108 Manzanita St, Los Angeles, CA 90029
    View details
    Development Opportunity with DTLA Views
    $799,000
    9,746.00 Acres

    Development Opportunity with DTLA Views

    Land with potential for up to 23 units.

    700 Lookout Dr, Los Angeles, CA 90012
    View details

    Off-Market Properties in Santa Barbara, CA

    Consider similar Off-Market properties in Santa Barbara, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    215 Victoria St
    APARTMENT HOUSE (5+ UNITS)
    2,708 SF Lot: 0.29 Acres
    Value Estimation by Request

    215 Victoria St, Santa Barbara, CA 93101-2055

    View details
    530 San Pascual St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.30 Acres
    Estimated value
    $3,600,000

    530 San Pascual St, Santa Barbara, CA 93101-4456

    View details
    128 Arrellaga St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.26 Acres
    Estimated value
    $2,700,000

    128 Arrellaga St, Santa Barbara, CA 93101-2948

    View details
    1021 San Andres St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.20 Acres
    Estimated value
    $2,295,000

    1021 San Andres St, Santa Barbara, CA 93101-4359

    View details
    403 Anapamu St
    APARTMENT HOUSE (5+ UNITS)
    6,180 SF Lot: 0.21 Acres
    Value Estimation by Request

    403 Anapamu St, Santa Barbara, CA 93101-1334

    View details
    2220 Oak Park Ln
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.34 Acres
    Estimated value
    $4,400,000

    2220 Oak Park Ln, Santa Barbara, CA 93105-4270

    View details
    305 Rancheria St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 2.13 Acres
    Value Estimation by Request

    305 Rancheria St, Santa Barbara, CA 93101-4593

    View details
    1726 De La Vina St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.25 Acres
    Estimated value
    $2,900,000

    1726 De La Vina St, Santa Barbara, CA 93101-2946

    View details
    622 Victoria St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.18 Acres
    Estimated value
    $5,925,000

    622 Victoria St, Santa Barbara, CA 93103-2235

    View details
    15 Islay St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Estimated value
    $1,850,000

    15 Islay St, Santa Barbara, CA 93101-2498

    View details
    317 Yanonali St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.51 Acres
    Value Estimation by Request

    317 Yanonali St, Santa Barbara, CA 93101-3831

    View details
    408 Pedregosa St
    APARTMENT HOUSE (5+ UNITS)
    4,510 SF Lot: 0.30 Acres
    Estimated value
    $2,160,000

    408 Pedregosa St, Santa Barbara, CA 93101-2893

    View details
    410 Sola St
    APARTMENT HOUSE (5+ UNITS)
    793 SF Lot: 0.15 Acres
    Estimated value
    $1,265,000

    410 Sola St, Santa Barbara, CA 93101-8546

    View details
    427 Islay St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.37 Acres
    Estimated value
    $6,545,000

    427 Islay St, Santa Barbara, CA 93101-2845

    View details
    203 Ladera St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.81 Acres
    Estimated value
    $10,860,000

    203 Ladera St, Santa Barbara, CA 93101-4571

    View details
    1605 Bath St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.45 Acres
    Estimated value
    $2,405,000

    1605 Bath St, Santa Barbara, CA 93101-2964

    View details
    28 Pedregosa St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.39 Acres
    Estimated value
    $3,020,000

    28 Pedregosa St, Santa Barbara, CA 93101-2424

    View details
    20 Oceano Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.89 Acres
    Estimated value
    $21,265,000

    20 Oceano Ave, Santa Barbara, CA 93109-2215

    View details
    1520 Eucalyptus Hl Rd
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.51 Acres
    Value Estimation by Request

    1520 Eucalyptus Hl Rd, Santa Barbara, CA 93103-2875

    View details
    1502 San Pascual St
    APARTMENT HOUSE (5+ UNITS)
    15,820 SF Lot: 1.00 Acre
    Estimated value
    $9,410,000

    1502 San Pascual St, Santa Barbara, CA 93101-4152

    View details
    924 San Pascual St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.29 Acres
    Estimated value
    $8,435,000

    924 San Pascual St, Santa Barbara, CA 93101-6304

    View details
    1627 Chapala St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.20 Acres
    Value Estimation by Request

    1627 Chapala St, Santa Barbara, CA 93101-2962

    View details

    Santa Barbara, CA Apartment Buildings Investment Opportunities Market Analysis

    Explore 72 apartment buildings for sale in Santa Barbara, CA on our real estate platform. These investment opportunities span a total of 5,486 square feet of properties for sale, with an estimated market value of $2,900,000.

    Sale prices for two-family homes in Santa Barbara, CA start at $2,900,000, averaging $2,900,000, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Property Size Breakdown

    The majority of commercial real estate listings in Santa Barbara fall within the 10,000 to 25,000 square foot range.

    Demographics Overview

    Population 191K
    Population Growth (5Y) -2.4%
    Median Household Income $112,487
    College Educated 34.5%

    High-Yield Neighborhoods for Investment

    Identify Santa Barbara submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    93101 $4.7M

    Taxes & Financing

    Tax Rate (average for all types) 0.98%
    Property Tax per SF $14.13 per sq ft
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

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