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    316 W Valerio St Santa Barbara, CA 93101

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    For Sale
    $3,588,888

    Updated 8-unit apartment complex in Santa Barbara.

    Lot size:
    0.28 Acres

    Property Features for 316 W Valerio St

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1973

    Source: Sotheby's International Realty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Santa Barbara Multifamily Investment Opportunity

    This well-maintained and updated 8-unit apartment complex is located in Santa Barbara. The property features seven one-bedroom apartments and one two-bedroom apartment. Each apartment includes private balconies and large outdoor patios. On-site laundry facilities are available. The property provides 16 parking spaces. The location offers convenient access to Santa Barbara's amenities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Luca Branding Marketing Agency

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.7152385
    Latitude
    34.4248155

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    FAQs

    What type of property is this?
    Apartment building - Updated 8-unit apartment complex in Santa Barbara.
    Where is this apartment building located?
    The property is located at 316 W Valerio St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $3,588,888.
    What are key features of this property?
    This property features: - 8-unit investment property in Santa Barbara; - Mix of 7 one-bedroom and 1 two-bedroom apartments; - Private balconies and large outdoor patios
    (805) 455-1165
    Request Owner's contact information
    316 W Valerio St Santa Barbara, CA 93101
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    Santa Barbara, CA 93101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    316 W Valerio St Santa Barbara, CA 93101
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