1011 Laguna
Multifamily | 8 Units | $353,125/unit
Marketing description
Same ownership for over 30 years! 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) one-bedroom/one-bathroom 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.
With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods.
New Roof (2023) ∙ Updated Plumbing ∙ All Windows Replaced ∙ On-site Laundry
Investment highlights
Well-maintained 8-unit multifamily property in the heart of Downtown Santa Barbara
Attractive unit mix of (8) one-bedroom / one-bathroom units
Several units recently upgraded, enhancing tenant appeal and rental performance
One unit delivered vacant at close of escrow, offering immediate upside or owner flexibility
Upstairs units feature vaulted ceilings, providing natural light and a spacious feel
New roof (2023), updated plumbing, and all windows replaced
On-site laundry for tenant convenience and additional income potential
±9 off-street parking spaces, a rare amenity in this central downtown location
Strong in-place income with future rental upside toward market rents
Prime location near State Street, beaches, parks, dining, retail, and major employers
Classic Santa Barbara architecture in one of the city’s most desirable rental submarkets
Ideal long-term hold investment with stable cash flow and intrinsic land value
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