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    Santa Barbara County, CA Multifamily Properties for Sale

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    Multi-Family Income Property
    Updated: Jun 24
    Multi-Family Income Property

    1662 Eucalyptus Drive, Solvang, CA 93463

    $3,299,000
    9,291 sqft 1.10 AC lot
    5 ground‑level 2‑bedroom/1‑bath units and 6 1‑bedroom/1‑bath units (3 upstairs, 3 downstairs)
    Detached free‑standing 2‑bedroom/1‑bath residence on an over one‑acre parcel
    10‑space parking structure plus common coin‑op laundry area
    R/3 zoning with City’s highest density designation
    Utilities: public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    1662 Eucalyptus Drive, Solvang, CA 93463

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $184K
      Annual

    • Price @ 7% Cap

      $2.63M
      Suggested
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    Downtown Mixed-Use Building with Penthouse
    Updated: Jun 14
    Downtown Mixed-Use Building with Penthouse

    437 2nd Street, Solvang, CA 93463

    $3,150,000
    6,911 sqft 0.16 AC lot
    Commercial building built in 1981 with five retail/office spaces and on‑site parking
    Penthouse includes a private elevator spanning four floors
    Penthouse features 3 bedrooms, 2 fireplaces, Douglas fir beams, and vaulted ceilings
    30+ seat restaurant with patio plus additional retail/office space
    ADA‑compliant restrooms and a one‑bedroom short‑term rental unit
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    Residential Income Property with ADU
    Residential Income Property with ADU

    2937 Glen Albyn Drive, Santa Barbara, CA 93105

    $2,599,000
    3,398 sqft 0.16 AC lot

    Nearly 3,400-sf home with 4 beds, 4 baths, and a permitted ADU, plus multiple indoor living options.

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    Santa Barbara Six-Unit Apartment Building
    Santa Barbara Six-Unit Apartment Building

    601 Eucalyptus Ave, Santa Barbara, CA 93101

    $2,900,000
    5,486 sqft

    Well-maintained six-unit apartment building in central Santa Barbara location.

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    Duplex and Restaurant Mixed-Use
    Duplex and Restaurant Mixed-Use

    4631 Carpinteria Avenue, Carpinteria, CA 93013

    $2,700,000
    3,120 sqft 0.33 AC lot

    Updated duplex residences plus a freestanding restaurant building with a newer roof and 12 on-site parking spaces.

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    Renovated Duplex with Junior ADUs
    Renovated Duplex with Junior ADUs

    2422 Fletcher Avenue, Santa Barbara, CA 93105

    $2,995,000
    1,375 sqft 0.16 AC lot

    Renovated two-unit residence with separate utilities, in-unit laundry, and approved plans for two Junior ADUs.

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    Santa Barbara Multifamily Investment Opportunity
    Santa Barbara Multifamily Investment Opportunity

    308 W De La Guerra Street, Santa Barbara, CA 93101

    $1,995,000
    2,012 sqft 0.05 AC lot

    Charming four-unit property near downtown Santa Barbara with income potential.

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    Four Townhomes in Downtown Santa Barbara
    Four Townhomes in Downtown Santa Barbara

    1621 Chapala St, Santa Barbara, CA 93101

    $5,000,000
    4,868 sqft

    Four individually addressed townhomes with 2BD/2.5BA layouts and 2-car garages.

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    Commercial Income Property with Shop
    Commercial Income Property with Shop

    285 Dal Porto Lane, Santa Maria, CA 93458

    $1,095,000
    1,660 sqft 0.65 AC lot

    Rented 5-bedroom home plus 40x40 shop on commercial/manufacturing zoned lot.

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    Restored Craftsman Triplex with Rooftops
    Restored Craftsman Triplex with Rooftops

    321 E Micheltorena Street, Santa Barbara, CA 93101

    $3,875,000
    1,598 sqft 0.15 AC lot

    Three residences combine restored Craftsman character with two 2020-era units featuring rooftop entertaining decks.

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    Entitled Triplex with Approved Expansion
    Entitled Triplex with Approved Expansion

    1611 Castillo Street, Santa Barbara, CA 93101

    $2,995,000
    2,122 sqft 0.39 AC lot

    Triplex on a 16,988 SF lot with approved plans for seven units and in-place rental income.

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    Santa Barbara Duplex on Lower East
    Santa Barbara Duplex on Lower East

    124 Citrus Avenue, Santa Barbara, CA 93103

    $1,740,000
    1,456 sqft 0.12 AC lot

    Well-maintained duplex in a convenient Santa Barbara location.

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    Detached Duplex with Private Yard
    Detached Duplex with Private Yard

    5139 8th Street, Carpinteria, CA 93013

    $1,995,000
    0.17 AC lot

    Two detached, single-level homes with updated kitchens, private yards, and an oversized two-car garage.

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    Santa Maria Multifamily Rehab Opportunity
    Santa Maria Multifamily Rehab Opportunity

    1015 Russell, Santa Maria, CA 93458

    $1,198,000
    12,300 sqft

    15-unit apartment building in Santa Maria, CA. Rehab potential.

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    Residential Income Triplex with Garages
    Residential Income Triplex with Garages

    417 E Cook Street, Santa Maria, CA 93454

    $979,000
    7,500 sqft 0.14 AC lot

    Triplex for sale featuring a front single-family home and back duplex units with attached garages.

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    Remodeled Duplex in Santa Barbara
    Remodeled Duplex in Santa Barbara

    518 E Islay Street, Santa Barbara, CA 93101

    $2,650,000

    Turnkey duplex near landmarks, remodeled with modern amenities.

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    Mixed-Use Property in Santa Maria
    Mixed-Use Property in Santa Maria

    3375 ORCUTT RD, Santa Maria, CA 93455

    $1,750,000
    2,650 sqft 1.06 AC lot

    Mixed-use property with residential units on a large lot.

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    Remodeled Quadplex Near SBCC
    Remodeled Quadplex Near SBCC

    415 Rancheria Street, Santa Barbara, CA 93101

    $3,950,000
    0.17 AC lot

    Four remodeled units offer in-unit laundry and one-year leases, close to SBCC and the beach.

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    Santa Maria Multifamily Investment Opportunity
    Santa Maria Multifamily Investment Opportunity

    127 W Agnes Ave, Santa Maria, CA 93458

    $3,500,000
    7,950 sqft

    13-unit multifamily property in Santa Maria with assumable loan.

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    Remodeled Duplex with Separate Entrances
    Remodeled Duplex with Separate Entrances

    2305 Golden Gate Avenue, Summerland, CA 93067

    $2,450,000
    0.10 AC lot

    Duplex includes two 2-bedroom, 1-bath residences with separate entrances, private fenced yards, and individual laundry areas.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    410 E Fesler, Santa Maria, CA 93454

    $549,900

    Updated two-bedroom main home plus an attached, self-contained studio with a private side entrance.

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    Furnished Santa Maria Workforce Housing
    Furnished Santa Maria Workforce Housing

    1324 N Broadway, Santa Maria, CA 93454

    $9,500,000
    3.95 AC lot

    Four-acre property with 100 cottages, ideal for workforce housing.

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    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    610 W Main, Santa Maria, CA 93458

    $850,000

    Mixed-use property with an active storefront and three residential units, offering rental income alongside space for business use.

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    Residential Income Duplex
    Residential Income Duplex

    4582 4th Street, Carpinteria, CA 93013

    $3,200,000
    0.14 AC lot

    Duplex for sale in Carpinteria, CA, offered as a residential income property on a 0.14-acre lot.

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    Santa Barbara County, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Santa Barbara County, CA, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 73,697 square feet of properties for sale, with an estimated market value of $41,770,000.

    Sale prices for multifamily properties in Santa Barbara County, CA start at $979,000, averaging $2,610,625, and reaching up to $5,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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