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    Santa Barbara, CA Multifamily Properties for Sale

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    Goleta, CA Isla Vista, CA Solvang, CA
    11 results
    Santa Barbara Multifamily Investment Opportunity
    $1,995,000
    2,012 SF
    Santa Barbara Multifamily Investment Opportunity

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

    Charming four-unit property near downtown Santa Barbara with income potential.
    • Prime location near downtown Santa Barbara, offering easy access to dining, shopping, and entertainment.
    • Immediate cash flow from four fully leased one‑bedroom units.
    • Recently refreshed upper units and one lower unit, enhancing property appeal.
    • Welcoming communal pergola area and thoughtfully maintained landscaping.
    • On‑site laundry and outdoor storage lockers for each unit.
    Updated: May 15
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    Santa Barbara Duplex on Lower East
    $1,740,000
    1,456 SF
    Santa Barbara Duplex on Lower East

    124 Citrus Avenue, Santa Barbara, CA 93103

    Well-maintained duplex in a convenient Santa Barbara location.
    • Strong rental income potential or house hacking opportunity due to duplex configuration and R‑2 zoning.
    • Two separate units, each with two bedrooms and one bathroom.
    • Convenient location: less than five minutes to Trader Joe's, restaurants, freeway access, and Municipal Tennis Courts.
    • In‑unit washer and dryers in both units.
    • Updated finishes throughout.
    Updated: May 17
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    Remodeled Duplex in Santa Barbara
    $2,650,000
    Remodeled Duplex in Santa Barbara

    Turnkey duplex near landmarks, remodeled with modern amenities.

    518 E Islay Street, Santa Barbara, CA 93101

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    Santa Barbara Multifamily Near SBCC
    $3,950,000
    0.17 Acres
    Santa Barbara Multifamily Near SBCC

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

    415 Rancheria Street, Santa Barbara, CA 93101

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    Santa Barbara Fourplex Investment Opportunity
    $2,000,000
    Santa Barbara Fourplex Investment Opportunity

    Victorian-style fourplex in Santa Barbara's Eastside neighborhood.

    331 N Alisos St, Santa Barbara, CA 93103

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    Santa Barbara Multifamily Investment Opportunity
    $6,500,000
    Santa Barbara Multifamily Investment Opportunity

    Sixteen-unit multifamily property with upgraded interiors and plumbing improvements.

    3445 Richland Dr, Santa Barbara, CA 93101

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    Four Townhomes in Downtown Santa Barbara
    $5,000,000
    4,868 SF
    Four Townhomes in Downtown Santa Barbara

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

    1621 Chapala St, Santa Barbara, CA 93101

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    Santa Barbara Six-Unit Apartment Building
    $2,900,000
    5,486 SF
    Santa Barbara Six-Unit Apartment Building

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

    601 Eucalyptus Ave, Santa Barbara, CA 93101

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    Multifamily Property with Two Units
    $1,600,000
    Multifamily Property with Two Units

    Two-unit multifamily property available for purchase.

    2549 Treasure Dr, Santa Barbara, CA 93105

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    Santa Barbara Multifamily Opportunity
    $1,585,000
    0.26 Acres
    Santa Barbara Multifamily Opportunity

    Three-unit property near Cottage Hospital with income and upside potential.

    2117 Oak Park Ln, Santa Barbara, CA 93105

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    Santa Barbara Spanish Colonial Revival Property
    $2,595,000
    3,085 SF
    Santa Barbara Spanish Colonial Revival Property

    Iconic property with redevelopment potential in a prime Santa Barbara location.

    1500 Anacapa St, Santa Barbara, CA 93101

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Santa Barbara, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Goleta Duplex in University Village
    $1,585,000
    2,400 SF
    Goleta Duplex in University Village

    Spacious duplex in desirable neighborhood with ADU potential.

    7395 Freeman Place, Goleta, CA 93117

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    Ventura Four-Unit Building
    $2,250,000
    2,898 SF
    Ventura Four-Unit Building

    Renovated four-unit building near downtown Ventura and the beach.

    1033 E Santa Clara Street, Ventura, CA 93001

    View details
    Goleta Investment Opportunity
    $2,325,000
    2,500 SF
    Goleta Investment Opportunity

    Two-unit property with strong rental income in a prime location.

    6516 Del Playa Dr, Goleta, CA 93117

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    Approved Westside Housing Development Project
    $999,000
    5,580 SF
    Approved Westside Housing Development Project

    Approved 10-unit development project on Ventura's Westside.

    637 Sheridan Way, Ventura, CA 93001

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Santa Margarita Land for Sale
    Contact for pricing
    108,900.00 Acres
    Santa Margarita Land for Sale

    2.5 acre lot suitable for residential or agricultural use.

    0 Atolia Road, Santa Margarita, CA 93453

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    Prime Commercial Land Opportunity
    $2,250,000
    89,438.00 Acres
    Prime Commercial Land Opportunity

    2+ acres of commercially zoned land with freeway exposure.

    31426 The Old Road N, Castaic, CA 91384

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    Vacant Land Near Hansen Dam
    $3,500,000
    6.95 Acres
    Vacant Land Near Hansen Dam

    6.95 acres of vacant land near major freeways.

    11819 Kagel Cyn, Los Angeles, CA 91342

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    Land in Picfair Village
    $1,495,000
    0.16 Acres
    Land in Picfair Village

    Vacant land approved for 20-unit multifamily project in prime location.

    1562 S Fairfax Ave, Los Angeles, CA 90019

    View details

    Off-Market Properties in Santa Barbara, CA

    Consider similar Off-Market properties in Santa Barbara, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    215 Victoria St
    APARTMENT HOUSE (5+ UNITS)
    2,708 SF Lot: 0.29 Acres
    Value Estimation by Request

    215 Victoria St, Santa Barbara, CA 93101-2055

    View details
    530 San Pascual St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.30 Acres
    Estimated value
    $3,600,000

    530 San Pascual St, Santa Barbara, CA 93101-4456

    View details
    128 Arrellaga St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.26 Acres
    Estimated value
    $2,700,000

    128 Arrellaga St, Santa Barbara, CA 93101-2948

    View details
    1021 San Andres St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.20 Acres
    Estimated value
    $2,295,000

    1021 San Andres St, Santa Barbara, CA 93101-4359

    View details
    403 Anapamu St
    APARTMENT HOUSE (5+ UNITS)
    6,180 SF Lot: 0.21 Acres
    Value Estimation by Request

    403 Anapamu St, Santa Barbara, CA 93101-1334

    View details
    2220 Oak Park Ln
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.34 Acres
    Estimated value
    $4,400,000

    2220 Oak Park Ln, Santa Barbara, CA 93105-4270

    View details
    305 Rancheria St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 2.13 Acres
    Value Estimation by Request

    305 Rancheria St, Santa Barbara, CA 93101-4593

    View details
    1726 De La Vina St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.25 Acres
    Estimated value
    $2,900,000

    1726 De La Vina St, Santa Barbara, CA 93101-2946

    View details
    622 Victoria St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.18 Acres
    Estimated value
    $5,925,000

    622 Victoria St, Santa Barbara, CA 93103-2235

    View details
    15 Islay St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Estimated value
    $1,850,000

    15 Islay St, Santa Barbara, CA 93101-2498

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    317 Yanonali St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.51 Acres
    Value Estimation by Request

    317 Yanonali St, Santa Barbara, CA 93101-3831

    View details
    408 Pedregosa St
    APARTMENT HOUSE (5+ UNITS)
    4,510 SF Lot: 0.30 Acres
    Estimated value
    $2,160,000

    408 Pedregosa St, Santa Barbara, CA 93101-2893

    View details
    410 Sola St
    APARTMENT HOUSE (5+ UNITS)
    793 SF Lot: 0.15 Acres
    Estimated value
    $1,265,000

    410 Sola St, Santa Barbara, CA 93101-8546

    View details

    Santa Barbara, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Santa Barbara, CA, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 16,907 square feet of properties for sale, with an estimated market value of $14,230,000.

    Sale prices for multifamily properties in Santa Barbara, CA start at $1,740,000, averaging $2,846,000, 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.

    List
    Map

    Top Commercial Asset Segments

    Quadplexes 4
    Duplexes 3
    Apartment buildings 2
    Triplexes 1

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    93105 $1.6M
    93103 $1.9M
    93101 $3.7M

    Taxes & Financing

    Tax Rate (average for all types) 0.98%
    Property Tax per SF $14.13 per sq ft
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

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