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#24-3788, Summer Knight, Listing Office: Sun Coast Real Estate
$3,795,000 List price
618 E Olive Santa Barbara, CA 93101
0.2 acres
House
Property details
About 618 E Olive
Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650.
Highlights
Home typeOther
StatusActive
Lot size0.23 Acres
Year builtNew Const., 2024
MLS #V1-27351
Summary
- MLS Number: V1-27351
- MLS Name: CRMLS
- Office Name: Beachside Partners
- Office Email: jon@beachsidepartners.com
- Listing Agent: Jonathan Standring
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,795,000
618 E Olive
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Price information
Property sales
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Tax history
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Nearby schools
5
Adelante Charter
Public Charter KG-6
0.7 mi
•1102 E Yanonali St
7
Franklin Elementary School
Public District PK-6
0.8 mi
•1111 E Mason St
5
Cleveland Elementary School
Public District PK-6
1.2 mi
•123 Alameda Padre Serra
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,351. The majority of Santa Barbara, CA residents have income less than $<35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
53%
<35k
38%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
66%
Single, No Kids
12%
Single, with Kids
13%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
28%
18-34 yrs old
35%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Family Dollar
Burlington
Chico's
Where do the neighbors go to eat?
Church's Chicken
Popeyes
Bob Evans
What do the neighbors drive?
Cadillac
Dodge
Oldsmobile
What do the neighbors listen to?
Jazz
Urban Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 618 E Olive
This home is located at 618 E Olive in Santa Barbara, CA and zip code 93101 in the Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 3, 2025 and is currently priced at $3,795,000.
While more than 27 listings in Santa Barbara, CA in February 2025 were sold above asking price, there were more than 10 listings sold at asking price, and more than 44 were sold below. Between January and February 2025, Santa Barbara, CA real estate market has seen increase in the number of listings by 9.8%. In February 2025 median list price was $2,103,857 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.