Six-Unit Apartment
For Sale
$2,099,000
1403 Bath, Santa Barbara, CA 93101
The two-story property contains a mix of studio and one-bedroom apartments.
Property Size4,870 SF
Lot Size0.21 Acres
Price / SF$431.01
Days on Market38
Property Features for 1403 Bath
General Information
Standard status
Active
Size
4,870 SF
Lot size
0.21 Acres
Property subtype
Mixed Use
Site & Location
Neighborhood
West Downtown
Units
Unit Mix
2 x 1BR/1BA, 4 x studio
Multifamily Units
6
Additional Details
Gross Income
$127,020
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$23,808
Building Details
Building Size
4,870 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Compass
(805) 698-5865
Listed By:
Sean McIver · License #02017526
(949) 438-4340
Source:
Give2giverealty
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1920, this two-story apartment building contains six units totaling approximately 4,870 square feet. The layout includes four studio apartments and two one-bedroom, one-bath units.
The property occupies a 9,148-square-foot lot at 1403 Bath in Santa Barbara, California. Current rents total $10,585 per month.
The property occupies a 9,148-square-foot lot at 1403 Bath in Santa Barbara, California. Current rents total $10,585 per month.
Key Highlights
- Six apartments: four studios and two one‑bedroom, one‑bath units
- Approximately 4,870 square feet of living space
- Two‑story building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,352
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,040
$1.9M
Cap Rate 7%
$1,376,457
$1.4M
Cap Rate 9%
$1,070,578
$1.1M
Market Conditions
NOI Build-Up for 4,870 SF
Gross rent
$181.2K $37.20/SF
− Vacancy
−$6.0K −$1.23/SF
EGI
$175.2K $35.97/SF
− OpEx
−$78.8K −$16.19/SF
NOI
$96.4K $19.78/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,040
Cap Rate 7%
$1,376,457
Cap Rate 9%
$1,070,578
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,352 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.53M
$1.34M – $1.78M
NOI $106,994 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,230
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property contains a mix of studio and one-bedroom apartments.
Where is this apartment building located?
The property is located at 1403 Bath Santa Barbara, CA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Six apartments: four studios and two one‑bedroom, one‑bath units; Approximately 4,870 square feet of living space; Two‑story building constructed in 1920
