618 E Olive, Santa Barbara, CA 93101
SOLD
NOV 7, 2025
Listed by Jonathan Standring, Beachside Partners, (805) 626-0112 . Bought with Beachside Partners

618 E Olive
Santa Barbara, CA 93101

Laguna
  • 14 Beds
  • 12 Baths
  • 6,000 sqft

$3,650,000

Last Sold: Nov 7, 2025
4% below list $3.79M
$608/sqft
Est. Refi. Payment $21,710/mo*
Refinance Your Home

$3,650,000

Last Sold: Nov 7, 2025
4% below list $3.79M
$608/sqft
Est. Refi. Payment $21,710/mo*
Refinance Your Home
14 Beds
12 Baths
6,000 sqft

Home Value

Trulia Estimate
$3.71M
Since last month
Decreased$14K (-0.4%)
Since last year
Increased$93K (+2.6%)
Since last sale
Increased$76K (+2.1%)
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 +3% in the last 10 years
MonthEstimated value
2026
August 2026$3.73M
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
706-708 E Haley St, Santa Barbara, CA
0.25
Multi-Family Home
$3,305,000
04/15/26
6
6
4,487
1410 Garden St, Santa Barbara, CA
0.79
Multi-Family Home
$3,350,000
01/30/26
14
10
6,400
618 Olive St, Santa Barbara, CA
0.01
Multi-Family Home
$3,650,000
11/07/25
6
3
-
403 E Anapamu St, Santa Barbara, CA
0.56
Multi-Family Home
$3,344,788
09/10/25
4
4
6,264
1418 Alta Vista Rd, Santa Barbara, CA
0.79
Multi-Family Home
$3,300,000
12/30/25
7
5
3,816
331 N Alisos St, Santa Barbara, CA
0.52
Multi-Family Home
$1,750,000
05/22/26
11
8
-
1221 Chapala St, Santa Barbara, CA
0.87
Multi-Family Home
$4,200,000
01/26/26
2
6
7,525
333 E Anapamu St, Santa Barbara, CA
0.58
Multi-Family Home
$2,800,000
03/19/26
9
6
5,071
215 E Victoria St, Santa Barbara, CA
0.72
Multi-Family Home
$2,787,500
01/22/26
9
7
-

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
618 Olive St, Santa Barbara, CA 93101
0.01
$3,650,000
6
3
-
Recently Sold
520 E De La Guerra St #C, Santa Barbara, CA 93103
0.13
$1,012,400
2
1.5
1,271
Off Market
535 N Quarantina St, Santa Barbara, CA 93103
0.17
$1,230,000
5
3
1,823
Recently Sold
508 E De La Guerra St #E, Santa Barbara, CA 93103
0.14
$1,830,100
7
3
-
Off Market
525 E De La Guerra St, Santa Barbara, CA 93103
0.17
$1,937,900
3
2.5
1,526
Off Market
802 Olive St, Santa Barbara, CA 93101
0.16
$1,675,100
2
1.5
944
Off Market
706-708 E Haley St, Santa Barbara, CA 93103
0.25
$3,305,000
6
6
4,487
Recently Sold
730 E Cota St, Santa Barbara, CA 93103
0.27
$1,470,000
2
2
-
Recently Sold
821 Laguna St #A, Santa Barbara, CA 93101
0.24
$1,870,000
2
2.5
1,433
Recently Sold
821 Laguna St #C, Santa Barbara, CA 93101
0.25
$1,567,200
2
2
1,294
Off Market
227 E Haley St, Santa Barbara, CA 93101
0.26
$2,182,900
17
15
-
Off Market

Local Information

  • Map ViewExplore the area around 618 E Olive.
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2024
Living Area
6,000 sqft
Price/Sqft
$608/sqft
Parking
None
HOA
None

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). It is currently off market. The Trulia Estimate is $3,712,000, with a rent estimate of $4,751/month.

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: $3,795,000Price Per Sqft: $608/sqft
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
Last check for updates: about 5 hours ago
Listed by Jonathan Standring DRE #01893163
Beachside Partners
Lori Zahn DRE #01914851, (805) 626-3150
Lori Zahn, Broker
Bought with: Jonathan Standring DRE #01893163, (805) 626-0112, Beachside Partners
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Source: CRMLS, MLS#V1-27351

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 July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.77M
$107KMoM
Sale-to-List Price
98.7%
0.1%MoM
Price per sq ft
$1.18K
$21MoM
Available listings
231
11MoM
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Around this home

Neighborhood Overview

Laguna
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Laguna

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"
    0
    Flag
  • James L.
    "Great walking distance to everything downtown has to offer. Lovely neighborhood with lots of people out for walks and runs etc"
    5
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 618 E Olive

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Off Market Homes Near 618 E Olive

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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 $3,712,000.
  • 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 balanced market, based on recent for-sale activity.
  • What's the median sale price in Santa Barbara?
    The median sale price in Santa Barbara is $1.77M. That is down $107K 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.
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 2026-08-13 11:25:09 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