1021 San Andres Street, SANTA BARBARA, CA 93101

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1021 San Andres Street,SANTA BARBARA, CA 93101
$2,395,000
  • - Beds
  • - Baths
  • 4,468 sq. ft.
  • Multi-family
  • Active
Listed by:ken switzer
Office:berkshire hathaway homeservices california properties
MLS#:25-3043
Source:SBAOR

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$536.03

About this home

Fantastic cash-flow opportunity at an accessible price point for 5 units in a central Santa Barbara location, a few blocks to downtown and a mile to the beach and Santa Barbara City College. The building orients vertically back from the street for tenant privacy and quiet, and features a good unit mix of 1x3-BR/2-BA, 2x2-BR/2-BA and 2x1-BR/BA. 3 of the 5 units have been nicely updated in the last 2 years, and the property has seen local pride-of-ownership by the same family for nearly 50 years. The current GRM is ~13.1 and if allowed increases on Jan. 1st go into effect, it would drop to ~12.3. Don't miss this chance to get in on the ground floor of Santa Barbara multi-family investing, or complete a 1031 exchange without compromising rate of return! Full Offering Memorandum in Documents

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Home facts

  • Year built:1974
  • Listing Id #:25-3043
  • Added:2 day(s) ago
  • Updated:August 14, 2025 at 05:56 PM

Rooms and interior

  • Living area:4,468 sq. ft.

Heating and cooling

  • Heating:Gas Forced Air, Heating

Structure and exterior

  • Year built:1974
  • Building area:4,468 sq. ft.
  • Lot area:0.2 Acres

Schools

  • High school:S.B. Sr.
  • Middle school:S.B. Jr.
  • Elementary school:McKinley

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$536.03
Based on information from the Santa Barbara MLS as of August 14, 2025 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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