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Prime 10-Unit Multi-Family Asset Downtown 333 E Carrillo St 10 Unit Apartment Building $3,950,000 ($395,000/Unit) Santa Barbara, CA 93101
INVESTMENT HIGHLIGHTS
- 2nd floor units featured wood beam vaulted ceilings.
- New roof.
- Unit mix: (8) 1BD/1BA; (2) 2BD/1BA
- Excellent location near shops, cafes, and employment centers.
- All windows replaced.
- Same ownership for over 3 decades.
EXECUTIVE SUMMARY
10-unit multifamily asset ideally situated in the heart of Downtown Santa Barbara, offering an exceptional blend of location, condition, and upside potential. The property features a desirable unit mix of (8) one-bedroom/one-bath and (2) two-bedroom/one-bath apartments. The building has been well-maintained property with beautifully landscaped grounds, and 8 uncovered parking spaces—a valuable amenity in this prime urban location. Several units have been recently refreshed, providing an immediate sense of pride of ownership while still leaving room for further modernization and rent growth.
Ideally positioned within walking distance to Downtown Santa Barbara’s shops, restaurants, and entertainment, this property offers an unparalleled living experience and long-term investment stability in one of California’s most sought-after coastal markets.
Ideally positioned within walking distance to Downtown Santa Barbara’s shops, restaurants, and entertainment, this property offers an unparalleled living experience and long-term investment stability in one of California’s most sought-after coastal markets.
PROPERTY FACTS
| Price | $3,950,000 | Building Class | C |
| Price Per Unit | $395,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 5,438 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | C-G - Commercial General Zone | ||
| Price | $3,950,000 |
| Price Per Unit | $395,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,438 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Zoning | C-G - Commercial General Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 029-221-014 | Improvements Assessment | $867,262 |
| Land Assessment | $545,513 | Total Assessment | $1,412,775 |
PROPERTY TAXES
Parcel Number
029-221-014
Land Assessment
$545,513
Improvements Assessment
$867,262
Total Assessment
$1,412,775
CONTACTS
-
Brad Frohling -
Steve Golis -
Jack Gilbert -
Aneta Jensen -
Radius Commercial Real Estate
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Prime 10-Unit Multi-Family Asset Downtown | 333 E Carrillo St
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