1018 Garden Street, SANTA BARBARA, CA 93101 (MLS# 26-1585)

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1018 Garden Street, SANTA BARBARA, CA 93101

$7,600,000

1018 Garden St - first floor plan Unit 1

1018 Garden St - first floor plan Unit 2

1018 Garden St - first floor plan Unit 3

1018 Garden St - first floor plan Unit 4

1018 Garden St - first floor plan Unit 5

1018 Garden St - first floor plan Unit 6

1018 Garden St - first floor plan Unit 7

1018 Garden St - first floor plan Unit 8

Property Type: Res Inc Square Footage: 4,101 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $7,600,000 List Date: 5/13/2026 Last Modified: 5/14/2026

Overview

Description

An exceptional opportunity to acquire Casa Jardin, a boutique 13-key hotel ideally positioned in the heart of Santa Barbara's vibrant downtown. Located just blocks from State Street and moments from premier shopping, dining, wine bars, parks, music venues, the Santa Barbara Bowl, and the Funk Zone, the property offers both immediate income and long-term strategic upside. Casa Jardin was designed and has been operated as a staffless and keyless hotel similar to your typical Short Term Rental property making it a unique investment opportunity that delivers immediate and stabilized cash flow with in-place professional management. Additionally, each room is approved as a separate condominium, allowing for the potential to sell units individually and unlock additional future value.

Supplements: The asset has undergone a comprehensive rebuild within the past three years, including all new building systems, and features thoughtfully designed interiors with a clean, modern aesthetic. Each unit is pet-friendly, fully furnished, and outfitted with high-quality finishes, top-tier appliances, and amenities tailored to both short- and extended-st ... (Read more)

Listing Details MLS# 26-1585

Location Info

District: 15 - SB/EAST OF STATE
Street #: 1018
Street Name: Garden
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
County: Santa Barbara
Parcel Number: 029-221-033
Cross Street: E Carrillo St
Walk Score: 93
Bike Score: 92

Contract Info

Price: 7600000
Seller Consider Concessions: Yes
Begin Date: 2026-05-13

Property Information

Number of Units: 13
Units Furnished: All Units
Stories: 2
Year Built: 23
Main House SqFt: 4101
Apx # Acres: 0.22
Apx Lot SqFt: 9583
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 228000

More Information

Miscellaneous

Parking Spaces: 13

Unit 1

# Units: Yes
# Bedrooms: 2
# Baths: 2
# Half Baths: 0
Rent: 0
Monthly Total: 0

Unit 2

# Units: Yes
# Bedrooms: Yes
# Baths: Yes

Unit 3

# Units: 11
# Baths: Yes
# Bedrooms: 0

Meters

Sep Meter Wtr: N
Sep Meter Elec: N

Parking Info

Total # Unconvered Spaces: 13

Neighborhood/Schools

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

Condition

Excellent: Yes

Proximity

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

Laundry

Some: Yes

Income/Expenses

Capitalization Rate: 6.03%

Security

Fire Alarm: Yes

Heating

Forced Air: Yes

Cooling

A/C Central: Yes

Pets

Yes: Yes

Handicapped Access

Wheelchair Access: Yes
Ramp: Yes
Wide Doors: Yes
Bathroom Fixtures: Yes
Other: Yes

Zoning

C-2: Yes

Reports Available

Other: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Exchange

Poss: Yes

Property Features

Condition: Excellent Proximity: Near Bus; Near Park(s); Near School(s); Near Shopping Laundry: Some Security: Fire Alarm Cooling: A/C Central Heating: Forced Air Pets: Yes Handicapped Access: Wheelchair Access; Ramp; Wide Doors; Bathroom Fixtures; Other Zoning: C-2 Reports Available: Other Exchange: Poss Terms: Cash Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Documents

confidentiality agreement ›

Listing Office: Hayes Commercial Group

Last Updated: May - 14 - 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.