Santa Barbara, CA Multifamily Properties for Sale

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39 properties

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Updated: Sep 2

Updated Duplex with Private Garages

133-135 Juana Maria, Santa Barbara, CA 93103

$1,385,000

1,940 sqft 0.13 AC lot

Two 2‑bedroom, 1‑bathroom units totaling 1,940 square feet
Private 1‑car garage, laundry, and separately metered utilities for each unit
Updated kitchens with quartz countertops and stainless steel appliances
Recent interior paint and flooring improvements throughout
0.13‑acre property built in 1931 and zoned R‑2

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Updated: Aug 11

Two-Unit Duplex with Garages

916 W Micheltorena Street, Santa Barbara, CA 93101

$1,650,000

1,910 sqft 0.15 AC lot

Two separate two‑bedroom units totaling 1,910 square feet
Larger unit offers 2 bathrooms, vaulted ceilings, and an attached two‑car garage
Second unit includes 1 bathroom and a dedicated one‑car garage
Private washer and dryer hookups in both residences
Utilities are separately metered for each unit

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Updated Duplex with Junior ADU

2937 Glen Albyn Drive, Santa Barbara, CA 93105

$2,400,000

3,398 sqft 0.16 AC lot

Flexible residential property with a permitted Junior ADU, renovated kitchen, private yard, and garage parking.

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See what stands out in Santa Barbara County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Local Demand available after sign in

Entitled Triplex with Approved Expansion

1611 Castillo St, Santa Barbara, CA 93101

$2,895,000

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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Renovated Craftsman Duplex

2422 Fletcher Avenue, Santa Barbara, CA 93105

$2,795,000

1,375 sqft 0.16 AC lot

Two separately metered residences include independent access, climate systems, and in-unit laundry, with approved plans for additional Junior ADUs.

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Four-Unit Quadplex with Communal Pergola

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

$1,995,000

2,012 sqft 0.05 AC lot

R-4 zoned four-unit quadplex with on-site laundry, outdoor storage lockers, and basement bike and beach gear storage.

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Restored Craftsman Triplex

321 E Micheltorena Street, Santa Barbara, CA 93101

$3,575,000

1,598 sqft 0.15 AC lot

Three residences combine historic character with newer construction and rooftop entertaining decks.

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Two-Story Duplex with Mountain Views

1325 Panchita Pl, Santa Barbara, CA 93103

$1,800,000

1,997 sqft

Two residential units pair period character with private outdoor areas and separate water heaters.

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Triplex with Separate Metering

420 S Canada Street, Santa Barbara, CA 93103

$1,535,000

0.15 AC lot

Three residential units include a two-bedroom layout, two one-bedroom layouts, and individual utility metering.

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Two-Building Duplex Property

211 W Victoria Street, Santa Barbara, CA 93101

$1,850,000

0.09 AC lot

Two separate structures offer a loft-style residence, cottage, private yards, and covered tandem parking.

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Restored Craftsman Triplex with Rooftop Decks

321 E Micheltorena St, Santa Barbara, CA 93101

$3,575,000

1,598 sqft

Historic character pairs with two contemporary residences and elevated outdoor entertaining areas.

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Remodeled Quadplex with Laundry

415 Rancheria Street, Santa Barbara, CA 93101

$3,950,000

0.17 AC lot

Four residences feature in-unit laundry and current one-year leases.

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Updated Duplex with Private Garages

518 E Islay Street, Santa Barbara, CA 93101

$2,650,000

0.13 AC lot

Two-unit property with refreshed interiors, private outdoor areas, and attached garages supports flexible residential use.

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Two-Home Duplex Property

318 W Cota St, Santa Barbara, CA 93101

$2,400,000

1,318 sqft

Two separate homes offer distinct layouts, updated systems, and residential income-property use in an R-4 setting.

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Remodeled Triplex with Outdoor Space

208 S Voluntario St, Santa Barbara, CA 93103

$1,495,000

1,760 sqft

Three renovated units offer private outdoor areas, updated appliances, and refreshed interior finishes.

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Four-Unit Apartment Property

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

$1,995,000

2,012 sqft

Leased residences share on-site laundry, storage, and landscaped outdoor areas near downtown Santa Barbara.

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Two-Unit Residential Income Duplex

916 W Micheltorena St, Santa Barbara, CA 93101

$1,650,000

1,910 sqft

Well-maintained duplex in Santa Barbara with two attached garages and separate utilities for each unit.

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Multifamily Property with Two Units

2549 Treasure Drive, Santa Barbara, CA 93105

$1,575,000

1,624 sqft

Two-unit multifamily property available for purchase.

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11-Unit Apartment Building

228 W Alamar, Santa Barbara, CA 93105

$4,000,000

6,500 sqft

Santa Barbara property with a varied unit mix, including studios and one- and two-bedroom residences.

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Four-Unit Duplex Multifamily Property

102 S Voluntario St, Santa Barbara, CA 93103

Contact for pricing

2,308 sqft 0.20 AC lot

Four-unit multifamily asset made up of two duplexes with renovated one-bed units and newly constructed two-bed units.

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Four Townhomes in Downtown Santa Barbara

1621 Chapala Street, Unit A B C D, 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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Senior Housing Facility with Penthouse

1621 Grand Ave, Santa Barbara, CA 93103

$6,250,000

14,240 sqft

Senior care facility with first-floor common areas, a private two-car garage, and an outdoor area for future planning.

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Mixed-Use Property with Apartments

706-708 E Haley Street, Santa Barbara, CA 93103

Contact for pricing

4,487 sqft

Rebuilt mixed-use asset combines flexible commercial suites, upgraded apartments, garages, and shared outdoor amenities.

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6-Unit Apartment Building

516 W Junipero St, Santa Barbara, CA 93105

$2,150,000

3,670 sqft

Two-story apartment property with six one-bedroom, one-bath units across from Cottage Hospital.

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Santa Barbara, CA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Santa Barbara, CA, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 93,301 square feet of properties for sale, with an estimated market value of $60,370,000.

Sale prices for multifamily properties in Santa Barbara, CA start at $1,385,000, averaging $2,624,782, and reaching up to $6,250,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 191K

Population Growth (5Y) -2.4%

Median Household Income $112,487

College Educated 34.5%

High-Yield Neighborhoods for Investment

Identify Santa Barbara submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
93103	$2.4M
93105	$2.6M
93101	$2.8M

Taxes & Financing

Tax Rate (average for all types) 0.98%

Property Tax per SF $14.13 per SF

Tax Rate vs County Average 0.06 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Santa Barbara County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Santa Barbara County

Office

Property Size Breakdown

The majority of commercial real estate listings in Santa Barbara fall within the 10,000 to 25,000 square foot range.

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Santa Barbara, CA Multifamily Properties for Sale

133-135 Juana Maria, Santa Barbara, CA 93103

916 W Micheltorena Street, Santa Barbara, CA 93101

2937 Glen Albyn Drive, Santa Barbara, CA 93105

1611 Castillo St, Santa Barbara, CA 93101

2422 Fletcher Avenue, Santa Barbara, CA 93105

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

321 E Micheltorena Street, Santa Barbara, CA 93101

1325 Panchita Pl, Santa Barbara, CA 93103

420 S Canada Street, Santa Barbara, CA 93103

211 W Victoria Street, Santa Barbara, CA 93101

321 E Micheltorena St, Santa Barbara, CA 93101

415 Rancheria Street, Santa Barbara, CA 93101

518 E Islay Street, Santa Barbara, CA 93101