618 E Olive, Santa Barbara, CA 93101
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
618 E Olive,Santa Barbara, CA 93101
$3,795,000
- - Beds
- - Baths
- 6,000 sq. ft.
- Multi-family
- Active
Listed by: jonathan standring, lori zahn
Office: beachside partners
MLS#:CRV1-27351
Source:CAMAXMLS
Price summary
- Price:$3,795,000
- Price per sq. ft.:$632.5
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
- Year built:2024
- Listing ID #:CRV1-27351
- Added:325 day(s) ago
- Updated:November 25, 2025 at 02:46 PM
Rooms and interior
- Living area:6,000 sq. ft.
Structure and exterior
- Year built:2024
- Building area:6,000 sq. ft.
- Lot area:0.23 Acres
Finances and disclosures
- Price:$3,795,000
- Price per sq. ft.:$632.5
Bay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 25, 2025New listings near 618 E Olive
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