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1011 Laguna Street, SANTA BARBARA, CA 93101

$2,825,000
Property Type: Res Inc Square Footage: 3,722 Status: Active
Current Price: $2,825,000 List Date: 11/10/2025 Last Modified: 2/23/2026

Description

Neighboring Property Available - 333 E Carrillo! Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) 1 BD/1BA units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE. Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property's overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara's vibrant State Street corridor, parks, beaches, and major employers. New Roof (2023) ∙ Updated Plumbing ∙ All Windows Replaced ∙ On-site L

More Information MLS# 25-4121

Location Info

Country: US Compass Map: Santa Barbara Map Grid: O12 Cross Street: Carrillo District: 15 - SB/EAST OF STATE Street #: 1011 Street Name: Laguna Street Suffix: Street State: CA Postal Code: 93101 County: Santa Barbara Parcel Number: 029-221-013

Property Information

Year Built: 1957 Main House SqFt: 3722 Recurring Fees: No Number of Units: 8

Neighborhood/Schools

Elementary School: Roosevelt Junior High School: S.B. Jr. High School: S.B. Sr.

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: price

Condition

Good: 1

Miscellaneous

Parking Spaces: 9

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Unit 1

# Units: 1 # Bedrooms: 1 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 18347 Monthly Total: 18347

Income/Expenses

Total Monthly Income: 18347 Annual Income: 220164 Gross Rent Multiplr: 13.40 Capitalization Rate: 4.41

Zoning

Other: 1

Reports Available

Prelim: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Contract Info

Current Price: $2,825,000 Price: 2825000 Begin Date: 2025-11-10 Status: Active

Property Features

Condition: Good Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Zoning: Other Reports Available: Prelim Terms: Cash; Conventional Listing Type: ER
Listing Office: Radius Group Commercial R.E.
IDX
Last Updated: February - 23 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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