Santa Barbara, CA Multifamily properties for sale

$2,950,000

Santa Barbara Multifamily Turnkey Property

518 E Islay St, Santa Barbara, CA 93101

Remodeled duplex near landmarks, ideal for owner-user or extended family.

Extensively remodeled (2025‑2026) with contemporary architecture and modern systems.
Prime location between the Upper East and Lower Riviera.
All‑electric design.
Each unit has a spacious outdoor deck for indoor‑outdoor living.
Private two‑car garages with EV chargers and motorized doors.

Updated: Mar 5

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Downtown Santa Barbara Triplex Opportunity

$2,150,000

0.21 Acres

Downtown Santa Barbara Triplex Opportunity

1428-1424 De La Vina St, Santa Barbara, CA 93101

Triplex in prime downtown Santa Barbara with off-street parking.

Triplex in prime downtown Santa Barbara location.
Excellent income‑generating potential with projected rent of $12,650.
Off‑street parking included.
Main house: 2 bed, 2 bath craftsman with hardwood floors, remodeled kitchen and bath, and 3 fireplaces.
Includes a 1‑bedroom apartment with loft and a large 1‑bedroom apartment.

Updated: Feb 10

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$3,950,000

0.17 Acres

Santa Barbara Multifamily Near SBCC

Sixteen-bedroom multifamily property one block from Santa Barbara City College.

415 Rancheria St, Santa Barbara, CA 93101

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$2,295,000

Santa Barbara Duplex with Views

Renovated duplex in prime location near downtown Santa Barbara.

514 E Islay St, Santa Barbara, CA 93101

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$2,775,000

3,400 SF

Updated Santa Barbara Multifamily Home

Flexible multifamily property with income potential in Santa Barbara, CA.

2937 Glen Albyn Dr, Santa Barbara, CA 93105

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$2,875,000

1,567 SF

Santa Barbara Triplex with Garages

Triplex in Santa Barbara with craftsman home and rental income.

1917 Bath St, Santa Barbara, CA 93101

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$3,795,000

Santa Barbara Multifamily Investment Property

Multifamily property in downtown Santa Barbara with new and renovated units.

618 E Olive St, Santa Barbara, CA 93101

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$1,295,000

Updated Duplex with Ocean Views

Santa Barbara duplex with remodeled units and ocean views.

126 Santa Ynez St, Santa Barbara, CA 93103

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$2,395,000

Victorian Showpiece in Historic District

Rare vacant Victorian with income potential near State Street.

532 Brinkerhoff Ave, Santa Barbara, CA 93101

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$3,495,000

Two-Story Medical Office Building

Two-story medical office with apartments near Cottage Hospital.

517 W Junipero St, Santa Barbara, CA 93105

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$3,950,000

Downtown Santa Barbara Multifamily Asset

10-unit multifamily property in Downtown Santa Barbara with upside potential.

333 E Carrillo St, Santa Barbara, CA 93101

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$2,950,000

Downtown Santa Barbara Multifamily Property

Well-maintained 8-unit property in Downtown Santa Barbara.

1011 Laguna St, Santa Barbara, CA 93101

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$3,399,000

Restored Duplex Near Montecito Post

Two-unit property with rental income potential, restored in 2019.

428 Corona Del Mar, Santa Barbara, CA 93103

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$7,500,000

Historic Building in Prime Location

Classic building suitable for apartments or condominiums in Santa Barbara.

1600 Santa Barbara St, Santa Barbara, CA 93101

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$2,295,000

Santa Barbara Multifamily Property

Two spacious units with city-to-sea views in Santa Barbara.

1750 Prospect Ave, Santa Barbara, CA 93103

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$3,395,000

Remodeled Santa Barbara Income Property

Three-unit residential property with ocean and city views.

1418 Alta Vista Rd, Santa Barbara, CA 93103

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$12,495,000

Multifamily Property in Oak Park

40-unit multifamily property in Santa Barbara's desirable Oak Park neighborhood.

1825 Chapala St, Santa Barbara, CA 93101

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$3,340,000

Three Homes in Lower Riviera

Three freestanding homes near Downtown Santa Barbara and beaches.

1107 E Cota St, Santa Barbara, CA 93103

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$1,795,000

Goleta Multifamily Property with Updates

Spacious duplex in Goleta North/SB with updated units and yards.

250 Ribera Dr, Santa Barbara, CA 93111

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$1,590,000

Santa Barbara Duplex Investment Opportunity

Classic duplex in Santa Barbara's Westside, near downtown and beaches.

2133 Gillespie St, Santa Barbara, CA 93101

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$1,895,000

Santa Barbara Triplex Near Downtown

Charming triplex with income potential in downtown Santa Barbara.

320 W Sola St, Santa Barbara, CA 93105

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$10,500,000

Iconic Santa Barbara Apartment Property

Iconic apartment property in premium West Beach location.

111 Chapala St, Santa Barbara, CA 93101

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$2,500,000

Santa Barbara Multifamily Investment Opportunity

Four-unit multifamily property near downtown Santa Barbara with upside potential.

4817 San Gordiano Ave, Santa Barbara, CA 93111

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$3,588,888

Santa Barbara Multifamily Investment Opportunity

Updated 8-unit apartment complex in Santa Barbara.

316 W Valerio St, Santa Barbara, CA 93101

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Santa Barbara, CA Multifamily Properties Investment Opportunities Market Analysis

Explore 934 multifamily properties for sale in Santa Barbara, CA, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 99,751,103 square feet of properties for sale, with an estimated market value of $628,440,000.

Sale prices for multifamily properties in Santa Barbara, CA start at $95,000, averaging $1,510,673, and reaching up to $28,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Santa Barbara, CA Multifamily Properties for Sale

Santa Barbara Multifamily Turnkey Property

Remodeled duplex near landmarks, ideal for owner-user or extended family.