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32611475
32611465

1018 Garden Street, Santa Barbara, CA 93101

Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group
$7,600,000
23 days on market
Updated 22 days ago

13 Key Boutique Hotel in Santa Barbara - "Casa Jardin"

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 4,101
Units 13
Cap Rate 6.03%
Lot Size (SqFt) 9,583
Zoning G-C

Recently Developed 13 Key Hotel - Staffless and Keyless - In Downtown Satna Barbara

Marketing description

Price: $7,600,000

# of Keys: 13

Room Mix: 1 – 2BD/1BA w/ full kitchen

(extended stay unit)

1 – 1BD/1BA w/ full kitchen

(extended stay unit)

11 – Studio units w/

kitchenettes

APN: 029-221-033

Lot Area: 9,583 +/- SF

Building Area: 4,101 +/- SF

Zoning: G-C (General Commercial)

Year Renovated: 2023

Parking: 13 spaces w/ 8 EV chargers

(paid Tesla app)

Investment highlights

Casa Jardin is a boutique 13-key hotel ideally positioned in the heart of Santa Barbara’s vibrant downtown, just blocks from State Street and its premier shopping, dining, and venues. Similar to a typical Short Term Rental property, Casa Jardin is a staffless and keyless hotel, 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.

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-stay guests.

Listing Contacts

Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group

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