Six-Unit Craftsman Apartment
1403 Bath, Santa Barbara, CA 93101
For Sale
$1,950,000
Santa Barbara, CA
Property Size4,870 SF
Lot Size0.21 Acres
Price / SF$400.41
Days on Market51
Property Features for 1403 Bath
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Compass
(949) 438-4340
Listed By:
Sean McIver · License CA #02017526
(805) 698-5865
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 10 at 4:06AM
MLS# NP26202089
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1920, this two-story Craftsman apartment building contains approximately 4,870 square feet across six residences. The unit mix includes two one-bedroom, one-bath apartments and four studio apartments. Wood siding, wood flooring, flat and asphalt roofing, and a driveway are among the recorded property features.
The property occupies a 9,148 SF lot at 1403 Bath in Santa Barbara, California. Public water and public sewer serve the building. Its six-unit configuration provides a defined multifamily layout with both studio and one-bedroom accommodations.
The property occupies a 9,148 SF lot at 1403 Bath in Santa Barbara, California. Public water and public sewer serve the building. Its six-unit configuration provides a defined multifamily layout with both studio and one-bedroom accommodations.
Key Highlights
- Six‑unit apartment building with two one‑bedroom units and four studio apartments
- Approximately 4,870 sqft of living space
- 9,148 SF lot, equal to 0.21 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,352
Cap Rate
4.94%
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 4.94%
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 5.49%
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
Properties on Market for Apartment buildings in Santa Barbara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story property with 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 $1,950,000.
What are key features of this property?
This property features: Six‑unit apartment building with two one‑bedroom units and four studio apartments; Approximately 4,870 sqft of living space; 9,148 SF lot, equal to 0.21 acres
