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618 Olive , Santa Barbara, CA 93101
Priced at Only: $3,795,000
For more Information Call Mobile: 714.478.6676
Address: 618 Olive , Santa Barbara, CA 93101
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More Like This
  • MLS#: V1-27351 ( )
  • Street Address: 618 Olive
  • Viewed: 3
  • Price: $3,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: SANTA BARBARA
  • City: Santa Barbara
  • Zipcode: 93101
  • Subdivision: Not Applicable
  • Provided by: Beachside Partners
  • Contact: Jonathan Jonathan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 6000.00
Common Walls
  1. 1 Common Wall
  2. No One Below
  3. No One Above
Current Financing
  1. None
Electric
  1. 220 Volts
Fencing
  1. Masonry
  2. See Remarks
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Tile
  3. Laminate
Garage Spaces
  1. 0.00
Insurance Expense
  1. 12000.00
Laundry Features
  1. See Remarks
Levels
  1. Multi/Split
Lockboxtype
  1. None
Lot Features
  1. Near Public Transit
  2. Park Nearby
Netoperatingincome
  1. 207751.00
Parcel Number
  1. 031171009
Parking Features
  1. None
Pool Features
  1. None
Sourcesystemid
  1. 2025010322380087131000...
Sourcesystemkey
  1. 20250103223800871310000000:CRF
Spa Features
  1. None
Subdivision Name Other
  1. Not Applicable
Totalactualrent
  1. 25650.00
Totalexpenses
  1. 90816.00
Trash Expense
  1. 3600.00
View
  1. None
Year Built
  1. 2024
Year Built Source
  1. See Remarks
Zoning
  1. C-M
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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