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NEW PRICE | 3-Unit California Cottage 208 S Voluntario St 3 Unit Apartment Building $2,084,150 CAD ($694,717 CAD/Unit) Santa Barbara, CA 93103
Investment Highlights
- PRICE REDUCTION | Prime Eastside location just minutes from the beach, Downtown Santa Barbara & the Funk Zone.
- Ideal unit mix: (1) 2BD/1BA, (1) 1BD/1BA & (1) studio. Current cap rate: 4.29% | GRM: 13.84 | NOI: $64,149
- New appliances, fixtures, landscaping & exterior paint provide turnkey presentation.
- Quintessential California cottage triplex with strong investment or owner-user appeal.
- Fully remodeled interiors with hardwood floors, skylights & custom built-ins.
- Each unit features its own private outdoor space and excellent residential charm.
Executive Summary
NEW PRICE | NOW OFFERED AT $1,495,000 | Quintessential California cottage offering a prime investment opportunity on Santa Barbara’s desirable Eastside, just moments from the beach, Downtown, and the vibrant Funk Zone. The property features three units with an ideal unit mix of (1) 2BD/1BA, (1) 1BD/1BA, and (1) studio—well suited for both investors and owner-users. Completely remodeled throughout, the units offer hardwood floors, custom built-ins, skylights, and all new appliances and fixtures. Each unit also includes its own private outdoor space.
The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation.
Buyer to complete their own due diligence regarding permitting and Santa Barbara’s rent control ordinance.
The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation.
Buyer to complete their own due diligence regarding permitting and Santa Barbara’s rent control ordinance.
Property Facts
| Price | $2,084,150 CAD | Building Class | C |
| Price Per Unit | $694,717 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 1,760 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 0.57/1,000 SF |
| Zoning | R-M - Multiple-Family Residential | ||
| Price | $2,084,150 CAD |
| Price Per Unit | $694,717 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 1,760 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | R-M - Multiple-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 017-252-008 | Improvements Assessment | $643,542 CAD |
| Land Assessment | $702,718 CAD | Total Assessment | $1,346,260 CAD |
Property Taxes
Parcel Number
017-252-008
Land Assessment
$702,718 CAD
Improvements Assessment
$643,542 CAD
Total Assessment
$1,346,260 CAD
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NEW PRICE | 3-Unit California Cottage | 208 S Voluntario St
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