Updated Duplex with Private
New
For Sale
$1,385,000
133-135 Juana Maria, Santa Barbara, CA 93103
Res Inc, SANTA BARBARA, CA
Property Size1,940 SF
Lot Size0.13 Acres
Price / SF$713.92
Days on Market2
Property Features for 133-135 Juana Maria
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Parking features
Garage
Fireplace
1
Subdivision
15 - Lower Eastside
Lot features
Near Public Transit
Elementary school
Franklin
Middle school
S.B. Jr.
High school
S.B. Sr.
Standard status
Active
APN
017-091-002
Size
1,940 SF
Lot size
0.13 Acres
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Flooring type
Laminate
Listing Agency:
Sun Coast Real Estate
(805) 682-4304
Listed By:
Chris Agnoli
(805) 895-0313
Added: Sep 2
Last Checked: Sep 3 at 7:06AM
MLS# 26-2956
Copyright © 2026 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Santa Barbara duplex contains two 2-bedroom, 1-bathroom residences within 1,940 square feet. Each unit includes a private 1-car garage, laundry, and separately metered utilities. Recent improvements include new interior paint and flooring, plus updated kitchens with quartz countertops and stainless steel appliances. The property also features landscaping, mature fruit trees, and a fireplace. Built in 1931, it is zoned R-2 and occupies 0.13 acres.
The property provides access to Downtown, restaurants, beaches, shopping, and freeway connections. Its two-unit configuration, individual garages, and separate utility metering support a range of ownership and occupancy arrangements without adding unsupported assumptions about use.
The property provides access to Downtown, restaurants, beaches, shopping, and freeway connections. Its two-unit configuration, individual garages, and separate utility metering support a range of ownership and occupancy arrangements without adding unsupported assumptions about use.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units totaling 1,940 square feet
- Private 1‑car garage, laundry, and separately metered utilities for each unit
- Updated kitchens with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$852,440
$852.4K
Cap Rate 7%
$608,886
$608.9K
Cap Rate 9%
$473,578
$473.6K
Market Conditions
NOI Build-Up for 1,940 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.9K $32.40/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$60.9K $31.39/SF
− OpEx
−$18.3K −$9.42/SF
NOI
$42.6K $21.97/SF
Area
Santa Barbara County, CA
Vacancy
3.13%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$852,440
Cap Rate 7%
$608,886
Cap Rate 9%
$473,578
Alternative Uses
Best Use
Multifamily LT 5
$608.9K
$532.8K – $710.4K
NOI $42,622 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$548.3K
$479.8K – $639.7K
NOI $38,383 @ 7.0% cap · market cap 2.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,895
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residences offer separate utilities, individual laundry, and access to Downtown, beaches, shopping, restaurants, and freeway connections.
Where is this duplex located?
The property is located at 133-135 Juana Maria Santa Barbara, CA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units totaling 1,940 square feet; Private 1‑car garage, laundry, and separately metered utilities for each unit; Updated kitchens with quartz countertops and stainless steel appliances
