Southern California Logo

401 Old Coast Highway, Santa Barbara, CA 93103

7 Bed, 4 Bath Multi-Family Home For Sale

401 Old Coast Highway, Santa Barbara, CA 93103 House For Sale - MLS #218013158
Off the Market
$1,289,000
7
4
Multi-Family
3 Family
This listing is courtesy of Nicholas Henry from Beachside Partners.

Property Description for 401 Old Coast Highway, Santa Barbara, CA 93103

This well maintained 3 unit Santa Barbara apartment building, at 14.4 x current rents and a 4.76% CAP, offers the best return available for a small income property in SB! Mixed use zoning allows for flexibility of use. Set on flag lot, consists of 1BD/1BA standalone unit w/ private patio plus duplex w/ 3BD/2BA & 3BD/1BA units. Largest unit totally rebuilt in 2012 & has AC, dual pane windows, enclosed yard. Front house has fireplace. Owner put over $50k into 1 BD unit. 6 parking spots, onsite laundry and sep elect, gas meters. Near zero % vacancy rate afforded by benefit of designation as project based voucher property thru affordable housing agency. Buyer has option to continue w/ program or convert 1 unit to commercial & rent out other 2 as residential use w/ or w/o affordable housing tenants.

Interior Details

2,192 sq. ft.
$588.05/sq. ft.

Exterior Details

0.17 acres
7,405 sq. ft.

Other Details

218013158
1957
3

Units Description

Unit #1
Bedrooms: 3      Full / Half Baths: 2     

Unit #2
Bedrooms: 3      Full / Half Baths: 1     

Unit #3
Bedrooms: 1      Full / Half Baths: 1     

Create a free account to see additional details for this home (school information, taxes, exterior details, etc...)

Request more information or Schedule an Appointment

We are dedicated to meeting all your needs in a prompt manner. In most cases, we will call you back the same day or at the most 24 hours.








Create a free account for me

Homes For Sale Near 401 Old Coast Highway, Santa Barbara, CA 93103

425 Por La Mar Cir, Santa Barbara, CA 93103 Condo For Sale - MLS #171230 $570,000
Condo
1 Bed, 1 Bath
18 Photos
663 Del Parque Unit A, Santa Barbara, CA 93103 Condo For Sale - MLS #171433 $1,600,000
Condo
2 Bed, 2 Bath
11 Photos
126 Por La Mar Cir, Santa Barbara, CA 93103 Condo For Sale - MLS #171539 $605,000
Condo
1 Bed, 1 Bath
25 Photos
30 Salinas St, Santa Barbara, CA 93103 Condo For Sale - MLS #172011 $879,000
Condo
3 Bed, 24 Photos
423 Por La Mar Circle, Santa Barbara, CA 93103 Condo For Sale - MLS #19492548 $1,149,000
Condo
2 Bed, 2 Bath
29 Photos

Listings Similar to 401 Old Coast Highway, Santa Barbara, CA 93103

$1,750,000 1628 De La Vina St, Santa Barbara, CA 93101 House For Sale - MLS #162378
Posted 13 months, 5 days ago

This awesome downtown R4 property with tons of parking in the AUD project area presents a great opportunity to own a residential income property historically featuring 5 units with separate meters; convert to a historic home or apply for a hotel use for shot term rentals. The property is in great condition with hardwood floors, classic architecture, covered porches 3 car garage plus parking!




$1,125,000 18 Victoria St Unit 207, Santa Barbara, CA 93101 House For Sale - MLS #171111
Posted 13 months, 5 days ago

Buy the last remaining condo. Offered at 4.0 CAP rate. Award winning new development. If you are looking for a hip, urban, brand new construction, single level condo in the heart of downtown Santa Barbara, look no further than Alma Del Pueblo. Located next to the Santa Barbara Public Market, the Arlington Theater, and surrounded by the top local restaurants, theaters. These units as may also be...

Read More


$1,385,000 398 Mountain View St, Oak View, CA 93022 House For Sale - MLS #171471
Posted 13 months, 5 days ago

Compound with 4 units on 1.11 AC at end of cul-de-sac. 398,396,340 and 346 Mountain View St. Oak View, CA All units with large separate yards and private from each other. All units have 1-car garage. Everything separately metered, there are even 4 water meters. Call me for all the various possibilities for this wonderfully unique property, including the lot. Seller wants to exchange into Santa...

Read More


$949,900 1008 Micheltorena St, Santa Barbara, CA 93101 House For Sale - MLS #171761
Posted 13 months, 5 days ago

This charming 3 bedroom, 2 bath home offers a tremendous amount of flexibility for an extended family or two owners. Over the years this home has seen a great deal of upgrades, way too many to mention here! Please review the pictures. The abundant living spaces have been created by way of a garage conversion with the addition of a two car carport. The home offers two bedrooms and one bath in the...

Read More


My Notes

Save Favorites

Keep Notes

Create a free account to track your favorite listings

Mortgage Calculator


(20%)

Monthly Mortgage Payments

$5,855
$8,155

Town Description

Santa Barbara is a city in Santa Barbara County, California, United States. Situated on an east-west trending section of coastline, the longest such section on the West Coast of the United States, the...

Read More