ADDRESS
763 SHELL BEACH RD.
PISMO BEACH, CA, 93449
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$3,795,000
132 Days On Site
618 E OliveSanta Barbara, CA 93101
For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths
6,000
SqFt
$633
/SqFt
2024
Built
Subdivision:
Not Applicable
County:
Santa Barbara
Listed by Jonathan Standring of Beachside Partners jon@beachsidepartners.com
Call Now: (805) 346-6003
Is this the home for you? We can help make it yours.
(805) 346-6003
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Monthly Payment (Est.)
$17,314Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a current 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara's most exciting destinations including Arnoldi's, Santa Barbara's iconic Italian restaurant and the emerging Haley corridor. Total current monthly income is $25,650.
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Listing Snapshot
Price
$3,795,000
Days On Site
132 Days
Bedrooms
N/A
Inside Area (SqFt)
6,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.23 Acres
Year Built
2024
MLS® Number
V1-27351
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 4 months ago | Listing first seen on site |
General Features
Acres
0.23
Number Of Stories
2
Parking
None
Property Condition
New Construction
Special Circumstances
Standard
SqFt Total
6000
Stories
Multi/Split
Zoning
C-M
Interior Features
Cooling
Fireplace Features
None
Flooring
CarpetLaminateTile
Heating
Laundry Features
See Remarks
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Exterior Features
Fencing
MasonrySee Remarks
Lot Features
Near Public Transit
Pool Features
None
Spa Features
None
View
None
Waterview
None
Community Features
Community Features
Park
Financing Terms Available
Cash1031 Exchange
MLS Area
VC81 - Santa Barbara
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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