Cuyama Valley Fourplex on Highway

2968 Washington St, Cuyama, CA 93254

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For Sale

$699,900

Fully operational fourplex with short-term rental income potential.

Type:Investment

Property size:

2,040 SF

Lot size:

0.56 Acres

Price / SF:

$343/SF

HighLights

Fully operational fourplex generating short‑term rental income from three remodeled units.
Value‑add potential with a fourth unit near completion, suitable for owner‑user.
Located on a 0.56‑acre lot in Cuyama Valley along Highway 166.
Equipped with Starlink internet, EERO mesh WiFi, Yale Smart Locks, and Swann Security system.
Zoned DR‑6, offering development potential (buyer to verify).
Ideal for investors and 1031 exchange buyers seeking income and long‑term upside.

We can help!

Listing Contact

Aaron Schulman

Learn more

For Sale

$699,900

Fully operational fourplex with short-term rental income potential.

Type:Investment

Property size:

2,040 SF

Lot size:

0.56 Acres

Price / SF:

$343/SF

Added:: Apr 27, 2026
Days on Market:: 50
Last Refresh:: Apr 27 at 10:23 am

Property Features for 2968 Washington St

General Information

Standard status: Active
Size: 2,040 SF
Lot size: 0.56 Acres
Property subtype: Investment

Building Details

Year Built: 1949

We can help!

Listing Contact

Aaron Schulman

Listing agent Aaron Schulman License #01830189

Listing office

Listing date Apr 27, 2026

Source Elliman

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 Aaron Schulman

HighLights

Fully operational fourplex generating short‑term rental income from three remodeled units.
Value‑add potential with a fourth unit near completion, suitable for owner‑user.
Located on a 0.56‑acre lot in Cuyama Valley along Highway 166.
Equipped with Starlink internet, EERO mesh WiFi, Yale Smart Locks, and Swann Security system.
Zoned DR‑6, offering development potential (buyer to verify).
Ideal for investors and 1031 exchange buyers seeking income and long‑term upside.

Overview

This fully operational fourplex is located in the heart of Cuyama Valley on a 0.56-acre lot along Highway 166. The property consists of four side-by-side units, each approximately 510 sq. ft., totaling approximately 2,040 sq. ft. Three units have been fully remodeled and generate active short-term rental income. The fourth unit is near completion, offering value-add or owner-user potential. Upgrades include Starlink internet, Four EERO mesh WiFi, Yale Assure 2 Smart Locks, and a Swann Security system with local and cloud backup. The property is zoned DR-6 per Santa Barbara County. It is ideal for investors and 1031 exchange buyers seeking income and long-term upside in The Enchanted Cuyama Valley, in Santa Barbara County.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.1k	$32.40
− Vacancy	−$2.1k	−$1.01
EGI	$64.0k	$31.39
− OpEx	−$19.2k	−$9.42
NOI	$44.8k	$21.97

2,040 SF · lease $32.40/SF/yr · vacancy 3.13% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$640.3K

$560.2K – $747.0K (±1% cap)

NOI $44,819 @ 7.0% cap · market cap 6.40%

Second Best

Apartment 5plus

$576.6K

$504.5K – $672.7K (±1% cap)

NOI $40,361 @ 7.0% cap · market cap 5.77%

Theoretical Best

—

same as Best Use

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

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Cuyama
County: Santa Barbara
State: California
Longitude: -119.6127625
Latitude: 34.9346405

For sale
Quadplexes
CA
Cuyama
93254
2968 Washington St

What type of property is this?

Quadplex - Fully operational fourplex with short-term rental income potential.

Where is this quadplex located?

The property is located at 2968 Washington St Cuyama, CA.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Fully operational fourplex generating short‑term rental income from three remodeled units.; Value‑add potential with a fourth unit near completion, suitable for owner‑user.; Located on a 0.56‑acre lot in Cuyama Valley along Highway 166.