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 $21,119/mo*
$3,650,000
Last Sold: Nov 7, 2025
4% below list $3.79M
$608/sqft
Est. Refi. Payment $21,119/mo*
14 Beds
12 Baths
6,000 sqft
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Local Information
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Description
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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from November 23, 2025
Home Highlights
Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$608/sqft
Listed
180+ days ago
Home Details for 618 E Olive
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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 |
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Exterior Home Features Fencing: Masonry, See RemarksNo Private Pool |
Parking & Garage No GarageNo Attached GarageParking: None |
Pool Pool: None |
Frontage Not on Waterfront |
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Cumulative Days on Market: 257 |
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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 |
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Price List Price: $3,795,000Price Per Sqft: $608/sqft |
Status Change & Dates Off Market Date: Sat Nov 22 2025 |
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MLS Status: Closed |
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Direction & Address City: Santa BarbaraCommunity: Not Applicable |
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Building Area Building Area: 6000 Square Feet |
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Community Features: Gutter(s), ParkNot Senior Community |
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Association for this Listing: California Regional MLS (Ventura & Pasadena-Foothills AORs) |
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Lot Area: 10018.8 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, 1031 Exchange |
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Has Rent Control |
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Mls Number: V1-27351Living Area Range Units: Square FeetAttribution Contact: jon@beachsidepartners.comUniversal Property Id: US-06083-N-031171009-R-N |
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Gutter(s)Park |
Last check for updates: about 2 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 History for 618 E Olive
| Date | Price | Event | Source |
|---|---|---|---|
| 11/07/2025 | $3,650,000 | Sold | CRMLS #V1-27351 |
| 10/09/2025 | $3,795,000 | Pending | CRMLS #V1-27351 |
| 01/03/2025 | $3,795,000 | Listed For Sale | CRMLS #V1-27351 |
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Comparable Sales for 618 E Olive
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 | - | |
0.56 | Multi-Family Home | $3,344,788 | 09/10/25 | 4 | 4 | 6,264 | |
0.79 | Multi-Family Home | $3,300,000 | 12/30/25 | 7 | 5 | 3,816 | |
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 | - | |
0.64 | Multi-Family Home | $5,850,000 | 06/16/25 | 3 | 2 | 9,672 |
Assigned Schools
These are the assigned schools for 618 E Olive.
- Washington Elementary School
- K-6
- Public
- 477 Students
6/10GreatSchools RatingParent Rating AverageWonderful school. Great school , good teachers . This school is beyond a great school .Parent Review1y ago - Santa Barbara Senior High School
- 9-12
- Public
- 1924 Students
6/10GreatSchools RatingParent Rating AverageNot a good school for students who aren't White or Hispanic. Asian, Biracial and Black kids are seriously bullied and singled out. Not only by students but by staff as well. This school sits high on the systemic racism wagon. The principals blame the victim and not the abusers at this school. God forbid if the abuser is white. The teachers are pretty bad when it comes to teaching and explaining things to students. I have one child that has graduated and two still enrolled. I hear some of the worst stories from my children and after having conversations with the school I feel like there is no hope until they get rid of leadership.Parent Review4y ago - Santa Barbara Junior High School
- 7-8
- Public
- 512 Students
3/10GreatSchools RatingParent Rating AverageI gave this three stars because my daughter was happy there, socially. Not a great school for high achievers. Mixed bag of teachers and an absolutely terrible principal that should be replaced. He's apathetic and unapologetically dismissive with parents and students. I noticed in earlier reviews that parents loved the principal, however those reviews were PRIOR to Principal Lito M. Garcia being appointed to this position in May of 2011. The school tends to focus on bringing the bottom up to improve school test scores, and doesn't provide much support or encouragement for good students to reach beyond the formulaic and unchallenging Honor's classes..Parent Review10y ago 
Check out schools near 618 E Olive.
Neighborhood Overview
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
55 % 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
21 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
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 2026-02-09 09:51:42 PST 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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
Homes for rent near 618 E Olive
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Off Market Homes Near 618 E Olive
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SPECIAL OFFERPET FRIENDLY
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PET FRIENDLY
PET FRIENDLY
PET FRIENDLYFURNISHED
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
NEW - 1 DAY AGOPET FRIENDLY$3,695 - $6,595/mo2-3 bd1-2 ba1109-1119 San Pascual Street | 1109-1119 San Pascual St #S,
Santa Barbara, CA 93101
NEW - 1 DAY AGOAPPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
618 E Olive, Santa Barbara, CA 93101 is a 14 bedroom, 12 bathroom, 6,000 sqft multi-family built in 2024. 618 E Olive is located in Laguna, Santa Barbara. This property is not currently available for sale. 618 E Olive was last sold on Nov 7, 2025 for $3,650,000 (4% lower than the asking price of $3,795,000). The current Trulia Estimate for 618 E Olive is $3,756,000.