618 Olive St, Santa Barbara, CA 93101
OFF MARKET

$3,818,500

Trulia Estimate
  • 6 Beds
  • 3 Baths

618 Olive St, Santa Barbara, CA 93101

Laguna
Est. Refi. Payment $23,619/mo*
Refinance Your Home
Currently Off Market - Sold Nov 7, 2025 for $3,650,000

Home Value

Trulia Estimate
$3.82M
Since last month
Increased$34K (+0.9%)
Since last year
Increased$237K (+6.7%)
Since last sale
Increased$137K (+3.7%)
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 +135% in the last 10 years
MonthEstimated value
2026
September 2026$3.79M
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
2024

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
0.24
Multi-Family Home
$3,305,000
04/15/26
6
6
4,487
0.01
Multi-Family Home
$3,650,000
11/07/25
14
12
6,000
0.76
Multi-Family Home
$3,135,000
12/31/25
4
3
2,527
0.70
Multi-Family Home
$1,675,000
11/21/25
6
4
-
0.79
Multi-Family Home
$3,300,000
12/30/25
7
5
3,816
0.72
Multi-Family Home
$2,787,500
01/22/26
9
7
-
1.02
Multi-Family Home
$3,800,000
10/15/25
2
3
3,459
0.51
Multi-Family Home
$1,750,000
05/22/26
11
8
-

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
$3,818,500
14
12
6,000
Off Market
0.12
$1,020,300
2
1.5
1,271
Off Market
0.16
$1,290,000
5
3
1,823
Off Market
0.14
$1,924,200
7
3
-
Off Market
0.17
$1,946,800
3
2.5
1,526
Off Market
0.16
$1,728,200
2
1.5
944
Off Market
0.24
$3,305,000
6
6
4,487
Recently Sold
0.26
$1,470,000
2
2
-
Recently Sold
0.25
$1,870,000
2
2.5
1,433
Recently Sold
0.25
$1,536,200
2
2
1,294
Off Market
0.26
$2,400,000
1
2
2,169
Recently Sold

Local Information

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

Home Highlights

Multi-Family
Built in 2024

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 Olive St, Santa Barbara, CA 93101 is a 6 bedroom, 3 bathroom 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 $3,818,500.
Last check for updates: about 2 hours ago
Listed by Jonathan P Standring 01893163, (805) 453-5097
Beachside Partners
Lori Zahn 01914851, (805) 451-2712
Beachside Partners
Bought with: Jonathan P Standring 01893163, (805) 453-5097, Beachside Partners
Source: SBMLS, MLS#24-3988

Home Details for 618 Olive St

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 3
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 2
View
No View

Days on Market

Cumulative Days on Market: 261

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 031171009

Price & Status

Price
List Price: $3,795,000
Status Change & Dates
Off Market Date: Fri Sep 19 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: SANTA BARBARACommunity: 15 or 20 - Downtown
School Information
Elementary School: FranklinJr High / Middle School: S.B. Jr.High School: S.B. Sr.

Lot Information

Lot Area: 10018.8 sqft

Offer

Listing Terms: Cash, Ctnl

Miscellaneous

Mls Number: 24-3988

Price and Tax history

DateEventPrice
Nov 7, 2025
Source: SBMLS #24-3988
Sold
$3,650,000
Sep 19, 2025
Source: SBMLS #24-3988
Pending
$3,795,000
Jan 2, 2025
Source: SBMLS #24-3988
Listed For Sale
$3,795,000

Market trends in Santa Barbara

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.78M
$8.33K
MoM
Sale-to-List Price
98.4%
0.3%
MoM
Price per sq ft
$1.16K
$14
MoM
Available listings
223
8
MoM

Around this home

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

  • 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

This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints. Copyright 2026 Santa Barbara Multiple Listing Service. All rights reserved.

Frequently asked questions about 618 Olive St

  • What is 618 Olive St estimated to be worth?
    Trulia's estimated value for 618 Olive St in Santa Barbara, CA is $3,818,500.
  • What is the price history for 618 Olive St?
    618 Olive St 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 $1.78M. That is up $8.33K from the prior month.

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