www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29112707
29112721

333 E Carrillo St, Santa Barbara, CA 93101

JG
CA 02197493
Radius Commercial Real Estate & Investments
SG
CA 00772218
Radius Commercial Real Estate & Investments Santa Barbara
Radius Commercial Real Estate & Investments Santa Barbara
Listed by Radius Commercial Real Estate & Investments, Radius Commercial Real Estate & Investments Santa Barbara
$3,675,000
149 days on market
Updated 72 days ago

333 E Carrillo

Details
APN 029-221-014
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,438
Units 10
Cap Rate 4.82%
Pro-Forma Cap Rate 5.55%
Year Built 1956
Buildings 1
Zoning C-G

10 Units in Santa Barbara | $395,000/unit

Marketing description

10-unit multifamily asset ideally situated in the heart of Downtown Santa Barbara, offering an exceptional blend of location, condition, and upside potential. The property features a desirable unit mix of (8) one-bedroom/one-bath and (2) two-bedroom/one-bath apartments. The build-ing has been well-maintained property with beautifully landscaped grounds, and 8 uncovered parking spaces—a valuable amenity in this prime urban location. Several units have been recently refreshed, providing an immediate sense of pride of ownership while still leaving room for further modernization and rent growth.

Ideally positioned within walking distance to Downtown Santa Barbara’s shops, restaurants, and entertainment, this property offers an unparalleled living experience and long-term investment stability in one of California’s most sought-after coastal markets.

New Roof ∙ All Windows Replaced

Investment highlights

  • 10-unit multifamily asset in the heart of Downtown Santa Barbara

  • New roof and all windows replaced

  • Prime Carrillo Street location within walking distance to State Street, shops, dining & entertainment

  • Desirable unit mix: (8) 1BD/1BA and (2) 2BD/1BA

  • ±5,438 SF building situated on a ±8,276 SF lot

  • Well-maintained property with landscaped grounds and pride of ownership

  • 8 uncovered on-site parking spaces (rare for downtown location)

Listing Contacts

JG
CA 02197493
Radius Commercial Real Estate & Investments
SG
CA 00772218
Radius Commercial Real Estate & Investments Santa Barbara
Radius Commercial Real Estate & Investments Santa Barbara
Listed by Radius Commercial Real Estate & Investments, Radius Commercial Real Estate & Investments Santa Barbara

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jack Gilbert
License
02197493
Brokerage
Radius Commercial Real Estate
Brokerage Phone
(805) 965-5500
Title
Senior Associate
Brokerage Address
226 East De La Guerra Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591