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Freestanding Multifamily Homes
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1130 Punta Gorda St, Santa Barbara, CA 93103

Forty freestanding homes, including two-story 2BD/2BA and one-story 1BR/1BA units, on 1.39 acres.

Property Size25,168 SF
Lot Size1.39 Acres
Days on Market122

Property Features for 1130 Punta Gorda St

General Information

Standard status Pending
Size 25,168 SF
Lot size 1.39 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 40

Building Details

Year Built 2017
Listing Agency: Avison Young - Downtown Los Angeles
Listed By: Patrick Barnes · License #CA 01333182
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 1:25PM

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 Avison Young - Downtown Los Angeles

Investment Insights

Based on property information with market context.

Offered for sale is a 40-unit multifamily complex built in 2017, with 100% fee simple interest at 1130 Punta Gorda Street in Santa Barbara, CA. The property consists of 40 freestanding homes on approximately 1.39 acres, totaling about 25,168 square feet of rentable building area.

The unit mix includes 36 two-story homes with 2 bedrooms and 2 bathrooms, along with 4 one-story homes with 1 bedroom and 1 bathroom. The site configuration is designed around individual freestanding residences within the overall community.

This offering presents a straightforward income-producing apartment asset comprised entirely of residential units, with a consistent freestanding home layout across the property.

Key Highlights

  • 40 freestanding‑home multifamily complex in Santa Barbara, built in 2017
  • Unit mix: 36 two‑story 2BD/2BA homes plus 4 one‑story 1BR/1BA homes
  • ±25,168 SF of rentable building area across the 40 homes

Property Analytics

Current Use

Sycamore Creek Village Apartment Complex Santa Barbara Youth ... Vocational School

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

756
Businesses Nearby

Demographics for 93103, CA

20,029
Population
8,069
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
3,642
Density / Sq Mi
$118,118
Median Household Income
$46,441
Median Earnings
$2,407
Median Rent
$1,555,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Forty freestanding homes, including two-story 2BD/2BA and one-story 1BR/1BA units, on 1.39 acres.
Where is this apartment building located?
The property is located at 1130 Punta Gorda St Santa Barbara, CA.
What are key features of this property?
This property features: 40 freestanding‑home multifamily complex in Santa Barbara, built in 2017; Unit mix: 36 two‑story 2BD/2BA homes plus 4 one‑story 1BR/1BA homes; ±25,168 SF of rentable building area across the 40 homes
More about this property
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