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1124 Castillo Street, SANTA BARBARA, CA 93101

$3,800,000
Property Type: Commercial Sale Baths: 7 Square Footage: 3,459 Lot Size (sq. ft.): 10,558 Status: Closed
Current Price: $3,800,000 List Date: 3/06/2025 Last Modified: 10/16/2025

Description

Villa Castillo is a five-suite boutique short-term vacation rental property in downtown Santa Barbara, a half-mile to State Street and moments from the famed Funk Zone and white sand beaches. One of only a few fully permitted short term rental properties allowed in the downtown area, Villa Castillo was completed in May of 2020 with great attention to detail and has been meticulously maintained by the current owner. It offers a unique opportunity for investors looking to capitalize on the approximately 7.2 million visitors to Santa Barbara. The property consists of two large 2BD/2BA suites, each with a full kitchen and their own private laundry, plus three studio suites, each with their own kitchenette and a shared laundry facility. All suites offer plentiful natural light, high ceilings

Supplements: and modern, fully renovated interiors. Amenities include high-speed internet access, air conditioning, BBQs and Tesla charging station. This is a turnkey opportunity for the investor looking to expand their short-term rental portfolio or for a buyer looking for their pied-à-terre in Santa Barbara that not only supports their ownership costs but generates income on their investment.

More Information MLS# 25-954

Location Info

Country: US Compass Map: Santa Barbara Map Grid: O12 Cross Street: Anapamu District: 20 - SB/WEST OF STATE Street #: 1124 Street Name: Castillo Street Suffix: Street State: CA Postal Code: 93101 County: Santa Barbara Parcel Number: 039-212-035

Contract Info

Seller Consider Concessions: Yes Current Price: $3,800,000 Price: 4400000 Begin Date: 2025-03-06 Status: Closed

Property Information

For Sale/Lease: For Sale Year Remodeled: 20 Stories: 1 #Offices: 5 Total Bathrooms: 7 Apx Lot SqFt: 10558 TYP: Business Total SqFt.: 3459

Owner Info

Deposit: 139500

Remarks

Hot Sheet Comment: price

Condition

Excellent: 1

Amenities

Fire Spkl: 1 Sky Light: 1 Cable TV: 1 ADA Compliant: 1

Heating

GFA: 1

Cooling

A/C Central: 1

Use

Other: 1

Zoning

Other: 1

Terms

Cash: 1

Listing Type

ER: 1

Owner Pays

Heat: 1 Elec: 1 Gas: 1 Wtr: 1 Taxes: 1 Trash: 1 Cbl TV: 1 Janitr: 1 Ins: 1 Ext Main: 1 Int Main: 1

Parking

Uncovrd: 1

Contingent Remarks

SUBJ 2 INSPECT: 1

1031 Exchange

No: 1

Status Change Info

Sold Date: 2025-10-15 Sold Price: $3,800,000 Under Contract Date: 2025-08-08

Property Features

Use: Other Zoning: Other Condition: Excellent Owner Pays: Heat; Elec; Gas; Wtr; Taxes; Trash; Cbl TV; Janitr; Ins; Ext Main; Int Main Parking: Uncovrd Cooling: A/C Central Heating: GFA Amenities: Fire Spkl; Sky Light; Cable TV; ADA Compliant 1031 Exchange: No Terms: Cash Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT
Listing Office: Hayes Commercial Group
IDX
Last Updated: October - 16 - 2025
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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