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    Santa Barbara, CA Multifamily Properties for Sale

    32 results
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    Santa Barbara Multifamily Development Opportunity
    Pending
    $3,200,000
    0.30 Acres

    Santa Barbara Multifamily Development Opportunity

    215 E Victoria St, Santa Barbara, CA 93101

    Triplex with permits for 5 additional units in downtown Santa Barbara.

    • Approved, permitted, and shovel‑ready for 5 additional rental units.
    • Existing triplex provides immediate income.
    • Prime Downtown Santa Barbara location in the Golden Quadrangle.
    • Walking distance to Restaurant Row, Arlington & Granada theaters, Courthouse, and other key amenities.
    • Includes permits and working plans.
    Updated: Jan 14
    View details
    San Roque Duplex with Mountain Views
    Pending
    $1,749,000
    2,116 SF

    San Roque Duplex with Mountain Views

    3737-3739 San Remo Dr, Santa Barbara, CA 93015

    Meticulously maintained duplex in prime location with income potential.

    • Rare San Roque duplex in a prime, walkable location near State Street, La Cumbre Plaza, shopping, and restaurants.
    • Turnkey property with two single‑level homes and stunning panoramic mountain views.
    • Strong income potential: Lower unit rented at $4,150/month; upper unit vacant with projected rent of $3,595/month.
    • Well‑maintained with recent upgrades: newer appliances, wood‑like laminate flooring, Milgard dual‑pane windows (2018), roof tune‑up (2025), and slurry‑coated driveway.
    • Located within the highly desirable Monte Vista Elementary and La Colina Junior High School attendance areas.
    Updated: Jan 13
    View details
    Remodeled Mixed-Use Santa Barbara Property
    $5,995,000
    2,389 SF

    Remodeled Mixed-Use Santa Barbara Property

    Mixed-use property with residential and short-term rental potential.

    6 E Valerio St, Santa Barbara, CA 93101
    View details
    Santa Barbara Triplex with Garages
    $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
    View details
    Santa Barbara Duplex with Views
    $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
    View details
    Remodeled Mixed-Use Property Downtown
    $5,995,000
    2,389 SF

    Remodeled Mixed-Use Property Downtown

    Downtown Santa Barbara mixed-use property with residential and short-term rental units.

    6 E Valerio St, Santa Barbara, CA 93101
    View details
    Downtown Santa Barbara Triplex Opportunity
    $2,150,000
    0.21 Acres

    Downtown Santa Barbara Triplex Opportunity

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

    1428-1424 De La Vina St, Santa Barbara, CA 93101
    View details
    Remodeled Mixed-Use Property Downtown
    $5,995,000
    2,389 SF

    Remodeled Mixed-Use Property Downtown

    Mixed-use property with residential and short-term rental income potential.

    6 E Valerio St, Santa Barbara, CA 93101
    View details
    Remodeled Mixed-Use Santa Barbara Property
    $5,995,000
    2,389 SF

    Remodeled Mixed-Use Santa Barbara Property

    Mixed-use property with residential and short-term rental income potential.

    6 E Valerio St, Santa Barbara, CA 93101
    View details
    Iconic Santa Barbara Apartment Property
    $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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    Two Homes Steps From Downtown
    $1,999,000

    Two Homes Steps From Downtown

    Two homes on one lot near downtown Santa Barbara.

    630 Pico Ave, Santa Barbara, CA 93103
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    Updated Duplex with Ocean Views
    $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
    View details
    Charming Multifamily with Ocean Views
    $2,950,000

    Charming Multifamily with Ocean Views

    Four-unit property with ocean views in Santa Barbara.

    513 E Pedregosa St, Santa Barbara, CA 93103
    View details
    Victorian Showpiece in Historic District
    $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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    Two-Story Medical Office Building
    $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
    View details
    Santa Barbara Multifamily Property
    $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
    View details
    Santa Barbara Multifamily Investment Opportunity
    $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
    View details
    Remodeled Santa Barbara Income Property
    $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
    View details
    Three Homes in Lower Riviera
    $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
    View details
    Goleta Multifamily Investment Opportunity
    $2,995,000

    Goleta Multifamily Investment Opportunity

    Six-unit multifamily property in Goleta with strong rental demand.

    5859 Mandarin Dr, Santa Barbara, CA 93117
    View details
    Multifamily Property in Oak Park
    $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
    View details
    Santa Barbara Multifamily Investment Property
    $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
    View details
    Downtown Santa Barbara Multifamily Asset
    $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
    View details
    Goleta Multifamily Property with Updates
    $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
    View details

    Santa Barbara, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 939 multifamily properties for sale in Santa Barbara, CA, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 99,764,171 square feet of properties for sale, with an estimated market value of $644,649,000.

    Prices for multifamily properties in Santa Barbara, CA start at $95,000, averaging $1,538,541, and reaching up to $28,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Browse Multifamily properties for Sale Near Santa Barbara, CA

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    Most Searched ZIP Codes in Santa Barbara, CA

    • 93101
    • 93103
    • 93105
    • 93111
    • 93109
    • 93117
    • 93110

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