618 E Olive, Santa Barbara, CA 93101

Local realty services provided by:ERA Donahoe Realty
618 E Olive,Santa Barbara, CA 93101
$3,795,000
  • 10 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:jonathan standring
Office:beachside partners
MLS#:V1-27351
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,795,000

About this home

Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650.

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Home facts

  • Listing ID #:V1-27351
  • Added:274 day(s) ago
  • Updated:October 05, 2025 at 01:53 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8

Finances and disclosures

  • Price:$3,795,000
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