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Investment Highlights

  • 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
  • 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

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.

Property Facts

Price $2,123,097 CAD
Price Per Unit $707,699 CAD
Sale Type Investment
Cap Rate 4.10%
Gross Rent Multiplier 14.35
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
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 - -
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
  • Listing ID: 40527827

  • Date on Market: 2026-05-14

  • Last Updated:

  • Address: 208 S Voluntario St, Santa Barbara, CA 93103

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