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719 De la Vina St
Santa Barbara, CA 93101
Multifamily Property For Sale
·
7 Units
Investment Highlights
- High density residential development with ADU possibilities
- Seven (7) existing units with five (5) one-car garages
- 0.59 acres of and on two separate parcels - 10,019 SF and 15,682 SF
- Superb downtown Santa Barbara location
Executive Summary
Located along the highly desirable Lower De La Vina corridor, 715–719 De La Vina Street represents a rare opportunity to acquire a centrally located residential compound with significant long-term redevelopment and value-add potential. The offering consists of two adjacent parcels totaling approximately 25,881 SF (0.59 acres) improved with seven (7) units. Future redevelopment scenarios may involve a combination of preservation, adaptive reuse, infill development, ADU expansion, or higher-density multifamily redevelopment utilizing the City’s AUD program and State Density Bonus. The combination of substantial land area, existing residential income, favorable zoning, and central Santa Barbara location creates a unique opportunity for investors, developers, and long-term landholders seeking exposure to one of the City’s most supply-constrained residential submarkets.
Price: $4,995,000
Unit Mix: 4BD/3BA + bonus room
2BD/1BA SFR + bonus room
2BD/1BA SFR
1BD/1BA
3 x Studios
Total Building Size: 6,408 SF*
Lot Size: 25,881 SF (.59 acre)
APN: 037-81-011 & 012
Parking: 5 x one-car garages +
ample covered parking
Zoning: R-M + High Priority AUD
Overlay (63 units per acre)
Available Reports: Historical Review, Preliminary
Title Reports, Roof Reports,
Pest Reports, and Sewer
Lateral Inspection
To Show: CLA
Price: $4,995,000
Unit Mix: 4BD/3BA + bonus room
2BD/1BA SFR + bonus room
2BD/1BA SFR
1BD/1BA
3 x Studios
Total Building Size: 6,408 SF*
Lot Size: 25,881 SF (.59 acre)
APN: 037-81-011 & 012
Parking: 5 x one-car garages +
ample covered parking
Zoning: R-M + High Priority AUD
Overlay (63 units per acre)
Available Reports: Historical Review, Preliminary
Title Reports, Roof Reports,
Pest Reports, and Sewer
Lateral Inspection
To Show: CLA
Property Facts
| Price Per Unit | $983,972 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 3.03% | Building Size | 6,408 SF |
| Gross Rent Multiplier | 18.75 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 2.18/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3 - R-M + High Priority AUD Overlay (63 units per acre/high-density multiple-unit residential housing) | ||
| Price Per Unit | $983,972 CAD |
| Sale Type | Investment |
| Cap Rate | 3.03% |
| Gross Rent Multiplier | 18.75 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 6,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | R-3 - R-M + High Priority AUD Overlay (63 units per acre/high-density multiple-unit residential housing) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | $7,584 CAD | - |
| 2+1 | 1 | $3,861 CAD | 1,804 |
| 2+1 | 1 | $4,413 CAD | 778 |
| 1+1 | 1 | $2,973 CAD | 564 |
| Studios | 3 | $2,650 CAD | 391 - 1,173 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,661,472 CAD | |
| Land Assessment | $4,084,452 CAD | Total Assessment | $5,745,924 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,084,452 CAD
Improvements Assessment
$1,661,472 CAD
Total Assessment
$5,745,924 CAD
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