Santa Barbara, CA Multifamily properties for sale

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: Aug 19

Updated Duplex with Junior ADU

2937 Glen Albyn Drive, Santa Barbara, CA 93105

$2,400,000

3,398 sqft 0.16 AC lot

3,398 square feet of living space on a 0.16‑acre lot
Permitted Junior ADU adds flexibility within the property
Renovated kitchen with designer cabinetry, quartz countertops, and stainless‑steel appliances
Downstairs flex space suitable for a media room, gym, office, or playroom
Ocean and island views from the deck, plus a private fenced yard

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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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Scored against comparables nationwide. These are worth a look.

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Seven-Unit Apartment Compound

715-719 De La Vina St, Santa Barbara, CA 93101

$4,995,000

6,408 sqft 0.59 AC lot

Central residential compound with existing income, two parcels, and multiple redevelopment paths identified in the City’s AUD program.

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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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Remodeled Duplex with Garage

319 W Arrellaga Street, Santa Barbara, CA 93101

$1,930,000

0.10 AC lot

Two updated cottages provide separate outdoor areas and in-unit laundry.

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Six-Unit Craftsman Apartment Building

1403 Bath, Santa Barbara, CA 93101

$2,099,000

0.21 AC lot

Two-story property with a mix of studio and one-bedroom apartments.

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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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Duplex with Detached Residences

1204 San Andres Street, Santa Barbara, CA 93101

$2,075,000

0.13 AC lot

Both homes are vacant and have private outdoor areas, laundry, and garage parking.

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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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Remodeled Triplex with Outdoor Space

208 S Voluntario St, Santa Barbara, CA 93103

$1,445,000

1,760 sqft

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

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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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Two-Home Duplex Property

318 W Cota St, Santa Barbara, CA 93101

$2,250,000

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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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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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-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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Remodeled Triplex With On-Site Parking

222 S Salinas St, Santa Barbara, CA 93103

$1,800,000

Residential income property with updated interiors, shared laundry, individual utility metering, and on-site vehicle parking.

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6-Unit Multifamily Property

1415-1417 Park Pl, Santa Barbara, CA 93103

$2,650,000

A two-building configuration pairs a Victorian residence with a separate four-unit apartment building.

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Separately Metered Triplex

420 S Canada St Unit A, B, C, Santa Barbara, CA 93103

$1,535,000

Three-unit residential property with a two-bedroom residence and two one-bedroom residences on a level lot.

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Remodeled Duplex with Garage

319 W Arrellaga St, Santa Barbara, CA 93101

$1,930,000

Two remodeled homes offer separate outdoor living areas and individual washer/dryer setups.

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Seven-Unit Apartment Compound

715 De La Vina Street, Santa Barbara, CA 93101

Contact for pricing

0.59 AC lot

Two adjoining parcels combine existing residential units with potential for future infill and accessory dwelling development.

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Triplex with Detached Studio

601 Pico Ave, Santa Barbara, CA 93103

$1,750,000

Two renovated residences and a separate studio offer a three-unit configuration on a corner parcel.

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8-Unit Garden-Style Apartment Building

130 W Padre ST, Santa Barbara, CA 93105

$2,995,000

Residents have access to on-site laundry and parking in a garden-style apartment setting.

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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 28 active listings on our real estate platform. These investment opportunities span a total of 31,021 square feet of properties for sale, with an estimated market value of $64,274,000.

Sale prices for multifamily properties in Santa Barbara, CA start at $1,445,000, averaging $2,678,083, 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.

Neighborhood	Average Price
93103	$2.2M
93101	$2.6M
93105	$2.8M
93108	$5.9M

Neighborhood

Average Price

93103

$2.2M

93101

$2.6M

93105

$2.8M

93108

$5.9M