618 E  Olive, Santa Barbara, CA 93101
OFF MARKET
Listed by Jonathan Standring, Beachside Partners . Bought with Beachside Partners

$3,802,700

Trulia Estimate
  • 14 Beds
  • 12 Baths
  • 6,000 sqft

618 E Olive, Santa Barbara, CA 93101

Laguna
Est. Refi. Payment $24,281/mo*
Refinance Your Home
Currently Off Market - Sold Nov 7, 2025 for $3,650,000

Home Value

Trulia Estimate
$3.8M
Since last month
Increased$45K (+1.2%)
Since last year
Increased$146K (+4%)
Since last sale
Increased$148K (+4.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +5% in the last 10 years
MonthEstimated value
2026
October 2026$3.8M
September 2026$3.8M
August 2026$3.75M
July 2026$3.72M
June 2026$3.74M
May 2026$3.73M
April 2026$3.76M
March 2026$3.69M
February 2026$3.67M
January 2026$3.69M
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.25
Multi-Family Home
$3,305,000
04/15/26
6
6
4,487
0.79
Multi-Family Home
$3,350,000
01/30/26
14
10
6,400
0.01
Multi-Family Home
$3,650,000
11/07/25
6
3
-
0.79
Multi-Family Home
$3,300,000
12/30/25
7
5
3,816
0.52
Multi-Family Home
$1,750,000
05/22/26
11
8
-
0.87
Multi-Family Home
$4,200,000
01/26/26
2
6
7,525
0.58
Multi-Family Home
$2,800,000
03/19/26
9
6
5,071
0.72
Multi-Family Home
$2,787,500
01/22/26
9
7
-
0.44
Multi-Family Home
$2,050,000
09/24/26
4
5
1,387

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.01
$3,802,700
6
3
-
Off Market
0.01
$3,807,600
Studio
-
-
Off Market
0.01
$1,423,800
Studio
-
-
Off Market
0.02
-
-
-
-
Off Market
0.02
-
-
-
-
Off Market
0.03
$2,226,900
Studio
-
-
Off Market
0.03
$1,423,700
1
1
-
Off Market
0.03
$1,058,600
3
1
856
Off Market
0.04
-
7
-
816
Off Market
0.04
$1,555,400
Studio
-
-
Off Market
0.04
$1,630,700
Studio
-
-
Off Market
0.04
$2,538,700
5
5
2,572
Off Market
0.04
$2,058,500
5
3.5
-
Off Market
0.05
-
2
2
1,297
Off Market
0.05
$1,053,700
3
1
940
Off Market
0.07
$1,351,800
2
1
1,183
Off Market
0.08
-
1
1
-
Off Market
0.09
$1,940,700
3
2.5
2,532
Off Market
0.11
$1,478,200
3
1
1,472
Off Market
0.11
-
1
1
-
Off Market

Local Information

  • Map ViewExplore the area around 618 E Olive.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 2024
6,000 sqft
$634/sqft

About this House

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.
618 E Olive, Santa Barbara, CA 93101 is a 14 bedroom, 12 bathroom, 6,000 sqft multi-family in Laguna, built in 2024. It last sold for $3,650,000 on Nov 7, 2025 (4% below the $3,795,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $3,802,700.

Home Details for 618 E Olive

Interior Features

Beds & Baths
Number of Bedrooms: 14Number of Bathrooms: 12
Appliances & Utilities
Laundry: See Remarks
Heating & Cooling
Heating: Has Heating Unspecified TypeHas CoolingHas HeatingHeating Fuel: Has Heating Unspecified Type
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Gas & Electric
Electric: 220 Volts
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, TileCommon Walls: 1 Common Wall, No One Above, No One Below
Levels, Entrance, & Accessibility
Number of Stories: 2Levels: Multi/SplitFloors: Carpet, Laminate, Tile
View
No ViewView: None

Exterior Features

Exterior Home Features
Fencing: Masonry, See RemarksNo Private Pool
Parking & Garage
No GarageNo Attached GarageParking: None
Pool
Pool: None
Frontage
Not on Waterfront

Days on Market

Cumulative Days on Market: 257

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Is a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 031171009

Price & Status

Price
List Price: $3,795,000
Status Change & Dates
Off Market Date: Sat Nov 22 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Santa BarbaraCommunity: Not Applicable

Building

Building Area
Building Area: 6000 Square Feet

Community

Community Features: Gutter(s), ParkNot Senior Community

HOA

Association for this Listing: California Regional MLS (Ventura & Pasadena-Foothills AORs)

Lot Information

Lot Area: 10018.8 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, 1031 Exchange

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: V1-27351Living Area Range Units: Square FeetAttribution Contact: jon@beachsidepartners.comUniversal Property Id: US-06083-N-031171009-R-N

Additional Information

Gutter(s)Park

Price and Tax history

DateEventPrice
Nov 7, 2025
Source: CRMLS #V1-27351
Sold
$3,650,000
Oct 9, 2025
Source: CRMLS #V1-27351
Pending
$3,795,000
Jan 3, 2025
Source: CRMLS #V1-27351
Listed For Sale
$3,795,000

Market trends in Santa Barbara

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.69M
$92.5K
MoM
Sale-to-List Price
98.2%
0.2%
MoM
Price per sq ft
$1.11K
$53
MoM
Available listings
235
12
MoM

Around this home

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Laguna

This October

Trick-or-Treat Score

Built from what locals say about Laguna.
  • 87% say there are sidewalks
  • 59% say there's holiday spirit
  • 56% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
At least 27 Trulia users voted on each feature.
  • 97 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 83 % Say it's walkable to restaurants

  • 74 % Say people would walk alone at night

  • 67 % Say it's walkable to grocery stores

  • 65 % Say parking is easy

  • 59 % Say there's holiday spirit

  • 59 % Say it's quiet

  • 58 % Say car is needed

  • 56 % Say yards are well-kept

  • 56 % Say neighbors are friendly

  • 49 % Say they plan to stay for at least 5 years

  • 47 % Say kids play outside

  • 39 % Say streets are well-lit

  • 29 % Say there's wildlife

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kacie G.
    "I see lots of dogs in this neighborhood. I usually see them going to the parks and nature spots nearby"
  • James L.
    "Great walking distance to everything downtown has to offer. Lovely neighborhood with lots of people out for walks and runs etc"

LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-12 15:16:02 PDT 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. Properties may or may not be listed by the office/agent presenting the information

Frequently asked questions about 618 E Olive

  • What is 618 E Olive estimated to be worth?
    Trulia's estimated value for 618 E Olive in Santa Barbara, CA is $3,802,700.
  • What is the price history for 618 E Olive?
    618 E Olive in Santa Barbara, CA last sold for $3,650,000 in November 2025.
  • Is Santa Barbara a buyer's or seller's market?
    Santa Barbara is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Santa Barbara?
    The median sale price in Santa Barbara is $1.69M. That is down $92.5K from the prior month.
  • Does 618 E Olive have air conditioning?
    Yes, 618 E Olive in Santa Barbara, CA has air conditioning.
  • Does 618 E Olive have laundry facilities?
    Yes, 618 E Olive in Santa Barbara, CA has laundry facilities.

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