1011 Laguna Street, SANTA BARBARA, CA 93101 (MLS# 25-4121)

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1011 Laguna Street, SANTA BARBARA, CA 93101

$2,500,000

Property Type: Res Inc Square Footage: 3,722 Status: Pending

Current Price: $2,500,000 List Date: 11/10/2025 Last Modified: 5/20/2026

Overview

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

Listing Details MLS# 25-4121

Location Info

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

Contract Info

Price: 2500000
Begin Date: 2025-11-10

Status Information

Under Contract Date: 2026-05-20

Property Information

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

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 9

Unit 1

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

Neighborhood/Schools

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

Condition

Good: Yes

Proximity

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

Income/Expenses

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

Zoning

Other: Yes

Reports Available

Prelim: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

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

Preliminary Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: May - 20 - 2026

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