228 W Alamar, SANTA BARBARA, CA 93105 (MLS# 26-2367)

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228 W Alamar, SANTA BARBARA, CA 93105

$4,000,000

Property Type: Res Inc Square Footage: 6,500 Lot Size (sq. ft.): 12,632 Status: Active

Current Price: $4,000,000 List Date: 7/17/2026 Last Modified: 7/21/2026

Overview

Description

Rare opportunity to acquire an 11-unit apartment building in one of Santa Barbara's most desirable rental locations. Ideally situated approximately .7 miles from Cottage Hospital and approximately .4 miles from Trader Joe's, this centrally located property offers convenient access to the De La Vina Corridor, downtown Santa Barara, waterfront beaches, shopping and major freeways. Your tenants can enjoy the benefits of living in a vibrant Santa Barbara neighborhood with convenient access to dining, coffee shops, outdoor recreation, parks, scenic beaches and a desirable coastal climate. Consisting of 11 units, 3 x 2 bedroom/ 1 bath units, 4 x 1 bedroom/1 bath units and 4 studios (one without kitchen).

Listing Details MLS# 26-2367

Location Info

District: 20 - SB/WEST OF STATE
Street #: 228
Dir: W
Street Name: Alamar
State: CA
Country: US
Postal Code: 93105
County: Santa Barbara
Parcel Number: 051-213-010
Cross Street: De La vina

Contract Info

Price: 4000000
Seller Consider Concessions: Yes
Begin Date: 2026-07-16

Property Information

Number of Units: 11
Units Furnished: None
Year Built: 1964
Main House SqFt: 6500
Apx # Acres: 0.29
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3
Deposit Type: %
COE: Negotiable

Miscellaneous

Parking Spaces: 11
# Refrigerators: 11
# Stoves: 10

More Information

Unit 1

# Units: 3
# Bedrooms: 6
# Baths: 3
Rent: 8270
Monthly Total: 8270
# Half Baths: 0

Unit 2

# Units: 4
# Bedrooms: 4
# Baths: 4
Monthly Total: 9100
# Half Baths: 0

Unit 3

# Units: 3
# Baths: 3
Monthly Total: 6000
# Bedrooms: 0

Unit 4

# Units: Yes
# Baths: Yes
Monthly Total: 1320
# Bedrooms: 0

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Carport: Yes
Total # Carport Spaces: 8
Total # Garage Spaces: 2
Total # Unconvered Spaces: Yes
Garage: Yes

Neighborhood/Schools

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

Condition

Good: Yes

Foundation

Slab: Yes
Mixed: Yes

Proximity

Near Bus: Yes
Near Coffee Shop: Yes
Near Downtown: Yes
Near Golf Course: Yes
Near Grocery: Yes
Near Hospital: Yes
Near Park(s): Yes
Near Shopping: Yes
Near Tennis/Pickleball: Yes

Laundry

Bldg: Yes

Amenities

Refrigerator: Yes

Income/Expenses

Total Monthly Income: 24600
Other Income: 1800
Annual Income: 295200
Gross Rent Multiplr: 13.4
Insurance: 15000

Heating

Elec: Yes

Cooling

A/C None: Yes

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Flr/Wdw Coverings

Carpet: Yes
Vinyl Plank: Yes

Owner Provides

Water: Yes
Trash: Yes

Property Features

Condition: Good Foundation: Slab; Mixed Parking Info: Garage Proximity: Near Bus; Near Coffee Shop; Near Downtown; Near Golf Course; Near Grocery; Near Hospital; Near Park(s); Near Shopping; Near Tennis/Pickleball Laundry: Bldg Amenities: Refrigerator Cooling: A/C None Heating: Elec Owner Provides: Water; Trash Zoning: Other Terms: Cash; Conventional Listing Type: ER

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: July - 21 - 2026

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