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Santa Barbara, CA

Multifamily

Santa Barbara, CA Multifamily Properties for Sale

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Isla Vista, CA Goleta, CA Solvang, CA Santa Ynez, CA Buellton, CA Los Olivos, CA Lompoc, CA Montecito, CA

11 properties

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Residential Income Property with ADU

Updated: Jun 24

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 sq ft home in the Peabody School Attendance Area with 4 bedrooms and 4 bathrooms
Permitted ADU (Junior Additional Dwelling Unit) for flexible living arrangements or potential added income
Recently renovated kitchen with designer cabinetry, quartz countertops, and newer stainless steel appliances
Updated baths and polished concrete floors downstairs, plus expansive flex space for media room, gym, office, or play room
Upgrades include dual‑pane windows and sliding doors, solid core interior doors, upgraded electrical panel, and tankless water heater

This listing looks promising.

Here's a quick look at some key insights for

2937 Glen Albyn Drive, SANTA BARBARA, CA 93105

View Property Analytics

Est. Cap Rate

2.9%
NOI ÷ price
Est. NOI

$75K
Annual
Price @ 7% Cap

$1.07M
Suggested
Property Type

Single Family Residence
Built 1977

View Property Analytics

Renovated Duplex with Junior ADUs

Updated: Jun 16

Renovated Duplex with Junior ADUs

2422 Fletcher Avenue, Santa Barbara, CA 93105

$2,995,000

1,375 sqft 0.16 AC lot

Main residence: single‑level 3‑bedroom, 2‑bath home with soaring ceilings and abundant natural light
Upstairs fully independent 1‑bedroom, 1‑bath apartment with its own private entrance
Both units have separate meters and separate addresses (A & B), plus separate AC/heating systems
In‑unit laundry for both units; flooring includes vinyl and tile
Heating: forced air; cooling: central air

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.

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.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

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.

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.

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.

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.

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.

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.

Multifamily Property with Two Units

Multifamily Property with Two Units

2549 Treasure Dr, Santa Barbara, CA 93105

$1,600,000

Two-unit multifamily property available for purchase.

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.

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.

Isla Vista Multifamily Investment

Isla Vista Multifamily Investment

6591 Cordoba Rd, Goleta, CA 93117

$4,425,000

0.18 AC lot

Five-unit multifamily property in Isla Vista near the beach.

Owner-Occupied Duplex with Rooftop Deck

Owner-Occupied Duplex with Rooftop Deck

4582 4th ST, Carpinteria, CA 93013

$3,500,000

Custom-built duplex in Carpinteria with two residences, updated interiors, and private outdoor deck space including a hot tub.

Remodeled Triplex with Ocean Views

Remodeled Triplex with Ocean Views

6625 Del Playa Dr, Goleta, CA 93117

Contact for pricing

Extensively remodeled triplex offers three units with large patios, updated plumbing and heating, and a roof system about three years old.

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.

Prime Commercial Land Opportunity

Prime Commercial Land Opportunity

31426 The Old Road N, Castaic, CA 91384

$2,250,000

2.05 AC lot

2+ acres of commercially zoned land with freeway exposure.

Vacant Land Near Hansen Dam

Vacant Land Near Hansen Dam

11819 Kagel Cyn, Los Angeles, CA 91342

$3,500,000

6.95 AC lot

6.95 acres of vacant land near major freeways.

Development Opportunity with DTLA Views

Development Opportunity with DTLA Views

700 Lookout Dr, Los Angeles, CA 90012

$799,000

0.22 AC lot

Land with potential for up to 23 units.

Lancaster Land Ready to Develop

Lancaster Land Ready to Develop

101 E Avenue J6, Lancaster, CA 93535

$34,000

5.08 AC lot

Flat, Joshua tree-free land in Lancaster, ready for development.

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)

215 Victoria St, Santa Barbara, CA 93101-2055

Value Estimation by Request

2,708 sqft 0.29 AC lot

530 San Pascual St

APARTMENT HOUSE (5+ UNITS)

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

$3,600,000

Estimated value

0.30 AC lot

128 Arrellaga St

APARTMENT HOUSE (5+ UNITS)

128 Arrellaga St, Santa Barbara, CA 93101-2948

$2,700,000

Estimated value

0.26 AC lot

1021 San Andres St

APARTMENT HOUSE (5+ UNITS)

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

$2,295,000

Estimated value

0.20 AC lot

APARTMENT HOUSE (5+ UNITS)

403 Anapamu St, Santa Barbara, CA 93101-1334

Value Estimation by Request

6,180 sqft 0.21 AC lot

2220 Oak Park Ln

APARTMENT HOUSE (5+ UNITS)

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

$4,400,000

Estimated value

0.34 AC lot

305 Rancheria St

APARTMENT HOUSE (5+ UNITS)

305 Rancheria St, Santa Barbara, CA 93101-4593

Value Estimation by Request

2.13 AC lot

1726 De La Vina St

APARTMENT HOUSE (5+ UNITS)

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

$2,900,000

Estimated value

0.25 AC lot

622 Victoria St

APARTMENT HOUSE (5+ UNITS)

622 Victoria St, Santa Barbara, CA 93103-2235

$5,925,000

Estimated value

0.18 AC lot

APARTMENT HOUSE (5+ UNITS)

15 Islay St, Santa Barbara, CA 93101-2498

$1,850,000

Estimated value

0.17 AC lot

317 Yanonali St

APARTMENT HOUSE (5+ UNITS)

317 Yanonali St, Santa Barbara, CA 93101-3831

Value Estimation by Request

0.51 AC lot

408 Pedregosa St

APARTMENT HOUSE (5+ UNITS)

408 Pedregosa St, Santa Barbara, CA 93101-2893

$2,160,000

Estimated value

4,510 sqft 0.30 AC lot

APARTMENT HOUSE (5+ UNITS)

410 Sola St, Santa Barbara, CA 93101-8546

$1,265,000

Estimated value

793 sqft 0.15 AC lot

Santa Barbara, CA Multifamily Properties Market Trends and Statistics

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 22,315 square feet of properties for sale, with an estimated market value of $24,099,000.

Sale prices for multifamily properties in Santa Barbara, CA start at $1,740,000, averaging $3,012,375, 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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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	$1.9M
93105	$2.2M
93101	$3.6M

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)

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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