Four-Unit Quadplex Near
For Sale
$3,300,000
233 West Yanonali Street, Santa Barbara, CA 93101
Built in 1956 with access to public transportation and nearby parks.
Property Size5,662 SF
Price / SF$582.83
Days on Market77
Property Features for 233 West Yanonali Street
General Information
Standard status
Active
Size
5,662 SF
Property subtype
Residential Income / Multi-Family
Zoning
Other, R-4
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1956
Listing Agency:
Savant Estates
(805) 569-3100
Listed By:
Nate Briner · License #01249753
(805) 569-3100
Source:
Compass
Added: May 20
Changed: Aug 4
Last Checked: Aug 4 at 3:54AM
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 Savant Estates
Investment Insights
Based on property information with market context.
Located at 233 West Yanonali Street in Santa Barbara, this four-unit residential property was constructed in 1956. The asset is situated near the ocean, public transportation, and parks, placing neighborhood amenities within the surrounding area.
The property is identified as a quadplex and carries zoning information listed as Other, R-4. Nearby schools include McKinley Elementary, S.B. Jr. High School, and S.B. Sr. High School. Its four-unit configuration provides a defined multifamily format in a coastal Santa Barbara setting.
The property is identified as a quadplex and carries zoning information listed as Other, R-4. Nearby schools include McKinley Elementary, S.B. Jr. High School, and S.B. Sr. High School. Its four-unit configuration provides a defined multifamily format in a coastal Santa Barbara setting.
Key Highlights
- Four‑unit residential property
- Built in 1956
- Near the ocean
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.4k | $32.40 |
| − Vacancy | −$5.7k | −$1.01 |
| EGI | $177.7k | $31.39 |
| − OpEx | −$53.3k | −$9.42 |
| NOI | $124.4k | $21.97 |
5,662 SF · lease $32.40/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.55M – $2.07M
NOI $124,395 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,022 @ 7.0% cap · market cap 3.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,055
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1956 with access to public transportation and nearby parks.
Where is this quadplex located?
The property is located at 233 West Yanonali Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Four‑unit residential property; Built in 1956; Near the ocean
