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
Documents
Listing Office:
Radius Group Commercial R.E.
Last Updated: February - 23 - 2026
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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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