5-Suite Boutique
For Sale
Contact for pricing
1124 Castillo Street, Santa Barbara, CA 93101
Fully permitted hospitality property with a mix of apartment-style suites and studios in downtown Santa Barbara.
Property SizeContact for details
Days on Market9
Property Features for 1124 Castillo Street
General Information
Standard status
Active
Property subtype
Hospitality
Occupancy
80%
Financials
Asking Price
$4,600,000
Business Included
Yes
Additional Details
Furnished
Yes
Amenities
high-speed internet
touchless entry
private outdoor patios
BBQ facilities
EV charging
a/c
security system
fire protection
Building Details
Year Renovated
2020
Listing Agency:
Hayes Commercial Group
Listed By:
Christos Celmayster · License #CA 01342996
(805) 898-4388
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
Investment Insights
Based on property information with market context.
This five-suite hotel in downtown Santa Barbara combines two-bedroom accommodations with studio units. Two suites have two bedrooms, two bathrooms, full kitchens, and private laundry; the three studios include kitchenettes. The property was remodeled in 2020 and has air conditioning, touchless entry, high-speed internet, private patios with BBQ facilities, and EV charging. Security and fire protection systems are also in place.
The property is 0.5 miles from State Street. Its permitted short-term rental use and established boutique hotel operation are supported by professional management, a dedicated website, and revenue management. Guest-facing improvements include updated furnishings and appliances, flooring, fixtures, landscaping, and sound insulation.
The property is 0.5 miles from State Street. Its permitted short-term rental use and established boutique hotel operation are supported by professional management, a dedicated website, and revenue management. Guest-facing improvements include updated furnishings and appliances, flooring, fixtures, landscaping, and sound insulation.
Key Highlights
- Five fully permitted short‑term rental suites
- Two two‑bedroom, two‑bathroom suites with full kitchens and private laundry
- Three studio suites with kitchenettes
Property Analytics
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Current Use
Lease Details
80%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,994
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Hotel - Fully permitted hospitality property with a mix of apartment-style suites and studios in downtown Santa Barbara.
Where is this hotel located?
The property is located at 1124 Castillo Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Five fully permitted short‑term rental suites; Two two‑bedroom, two‑bathroom suites with full kitchens and private laundry; Three studio suites with kitchenettes
