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Recently Upgraded 8-Unit MF Asset in DTSB 1011 Laguna St 8 Unit Apartment Building $2,950,000 ($368,750/Unit) Santa Barbara, CA 93101
INVESTMENT HIGHLIGHTS
- New roof (2023).
- All windows replaced.
- Under the same ownership for more than 3 decades.
- Updated plumbing.
- On-site laundry.
EXECUTIVE SUMMARY
Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) one-bedroom/one-bathroom units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE.
Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers.
With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods
Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers.
With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per Unit | $368,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,753 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | C-G - General Commercial | ||
| Price | $2,950,000 |
| Price Per Unit | $368,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,753 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | C-G - General Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 029-221-013 | Improvements Assessment | $654,837 |
| Land Assessment | $300,469 | Total Assessment | $955,306 |
PROPERTY TAXES
Parcel Number
029-221-013
Land Assessment
$300,469
Improvements Assessment
$654,837
Total Assessment
$955,306
CONTACTS
-
Brad Frohling -
Steve Golis -
Jack Gilbert -
Aneta Jensen -
Radius Commercial Real Estate
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Recently Upgraded 8-Unit MF Asset in DTSB | 1011 Laguna St
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