1018 Garden St
Santa Barbara, CA 93101
Office Property For Sale

Come experience Santa Barbara in its first ever hotel condominium development at Casa Jardin (www.casajardinsb.com). Located in downtown Santa Barbara, just blocks away from shopping, restaurants, wine bars, parks, and music venues, Casa Jardin is a 13-unit condominium development that allows an owner the opportunity to experience Santa Barbara living at a price considerably less than owning a residential property. When you own at Casa Jardin you’ll be allowed to offer your unit as a legal short term rental capitalizing on the approximate 6.5 million tourists and visitors coming to Santa Barbara each year. Ideal for the buyer wanting a place to stay in Santa Barbara for themselves, friends, family, customers and clients or for the investor looking to capitalize on Santa Barbara’s vibrant hotel industry. All units at Casa Jardin have been tastefully designed for a minimalist and modern feel, equipped with high-quality furnishing, top-of-the-line appliances, and all amenities needed for a short, or long-term stay. The hospitality team at ZipStay (www.zipstay.com) provides professional rental management (see pg 13), ensuring that all aspects of rentals are handled with exceptional care and transparent financials. From managing guest communications, pricing strategies and reservations, to cleaning and maintenance, this comprehensive management makes ownership a seamless experience for maximizing personal use and rental income potential. Amenities: - 24hr hospitality team - State-of-the-art digital lock system - Wifi with unit-dedicated routers and QR codes for easy login - Commercial ice machine on property - Solar array - Security cameras in all shared areas - Parking: 13 shared spaces with 8 EV chargers (paid Tesla app) - Kitchenettes in all studio units - Washer/dryer (units 4 and 13) Unit 4 (1 BD) Adjusted RevPAR = $243 Adjusted Paid Occupancy % = 87.2% Total 2024 Revenue = $108,358 Unit 7 (Studio) Adjusted RevPAR = $160 Adjusted Paid Occupancy % = 86.8% Total 2024 Revenue = $75,348 Unit 8 (Studio) Adjusted RevPAR = $172 Adjusted Paid Occupancy % = 87% Total 2024 Revenue - $78,438 Unit 9 (Studio) Adjusted RevPAR = $173 Adjusted Paid Occupancy % = 90.7% Total 2024 Revenue - $80,519 Unit 12 (Studio) Adjusted RevPAR = $190 Adjusted Paid Occupancy % = 76.7% Total 2024 Revenue = $83,330 Unit 13 (2 BD) Adjusted RevPAR = $319 Adjusted Paid Occupancy % = 74.9% Total 2024 Revenue = $147,940