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Casa Jardin 1018 Garden St 13 Room Hotel Santa Barbara, CA 93101 $10,410,024 CAD ($800,771 CAD/Room) 6.03% Cap Rate
Investment Highlights
- Premier Downtown Location
- In-place professional management
- Clean and modern finishes
Executive Summary
Casa Jardin is a boutique 13-key hotel ideally positioned in the heart of Santa Barbara’s vibrant downtown, just blocks from State Street and its premier shopping, dining, and venues. Similar to a typical Short Term Rental property, Casa Jardin is a staffless and keyless hotel, making it a unique investment opportunity that delivers immediate and stabilized cash flow with in-place professional management. Additionally, each room is approved as a separate condominium, allowing for the potential to sell units individually and unlock additional future value.
The asset has undergone a comprehensive rebuild within the past three years, including all new building systems, and features thoughtfully designed interiors with a clean, modern aesthetic. Each unit is pet-friendly, fully furnished, and outfitted with high-quality finishes, top-tier appliances, and amenities tailored to both short- and extended-stay guests.
Price: $7,600,000
# of Keys: 13
Room Mix: 1 – 2BD/1BA w/ full kitchen
(extended stay unit)
1 – 1BD/1BA w/ full kitchen
(extended stay unit)
11 – Studio units w/
kitchenettes
APN: 029-221-033
Lot Area: 9,583 +/- SF
Building Area: 4,101 +/- SF
Zoning: G-C (General Commercial)
Year Renovated: 2023
Parking: 13 spaces w/ 8 EV chargers
(paid Tesla app)
The asset has undergone a comprehensive rebuild within the past three years, including all new building systems, and features thoughtfully designed interiors with a clean, modern aesthetic. Each unit is pet-friendly, fully furnished, and outfitted with high-quality finishes, top-tier appliances, and amenities tailored to both short- and extended-stay guests.
Price: $7,600,000
# of Keys: 13
Room Mix: 1 – 2BD/1BA w/ full kitchen
(extended stay unit)
1 – 1BD/1BA w/ full kitchen
(extended stay unit)
11 – Studio units w/
kitchenettes
APN: 029-221-033
Lot Area: 9,583 +/- SF
Building Area: 4,101 +/- SF
Zoning: G-C (General Commercial)
Year Renovated: 2023
Parking: 13 spaces w/ 8 EV chargers
(paid Tesla app)
Property Facts
| Price | $10,410,024 CAD | Lot Size | 0.22 AC |
| Price Per Room | $800,771 CAD | Building Size | 4,101 SF |
| Sale Type | Investment | No. Rooms | 13 |
| Cap Rate | 6.03% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1964/2023 |
| Property Subtype | Hotel | Parking Ratio | 3.17/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Zoning | G-C | ||
| Price | $10,410,024 CAD |
| Price Per Room | $800,771 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 4,101 SF |
| No. Rooms | 13 |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 3.17/1,000 SF |
| Corridor | Exterior |
| Zoning | G-C |
Amenities
- High Speed Internet Access
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 13 | $808.15 CAD | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 029-221-033 | Improvements Assessment | $1,699,279 CAD |
| Land Assessment | $2,362,066 CAD | Total Assessment | $4,061,345 CAD |
Property Taxes
Parcel Number
029-221-033
Land Assessment
$2,362,066 CAD
Improvements Assessment
$1,699,279 CAD
Total Assessment
$4,061,345 CAD
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Casa Jardin | 1018 Garden St
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