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
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).
More Information MLS# 26-2367
Location Info
Country: US
Cross Street: De La vina
District: 20 - SB/WEST OF STATE
Street #: 228
Dir: W
Street Name: Alamar
State: CA
Postal Code: 93105
County: Santa Barbara
Parcel Number: 051-213-010
Contract Info
Seller Consider Concessions: Yes
Current Price: $4,000,000
Price: 4000000
Begin Date: 2026-07-16
Status: Active
Property Information
Year Built: 1964
Apx # Acres: 0.29
Units Furnished: None
Main House SqFt: 6500
Recurring Fees: No
Number of Units: 11
Neighborhood/Schools
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Deposit Type: %
COE: Negotiable
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Foundation
Slab: 1
Mixed: 1
Miscellaneous
Parking Spaces: 11
# Refrigerators: 11
# Stoves: 10
Proximity
Near Bus: 1
Near Coffee Shop: 1
Near Downtown: 1
Near Golf Course: 1
Near Grocery: 1
Near Hospital: 1
Near Park(s): 1
Near Shopping: 1
Near Tennis/Pickleball: 1
Laundry
Bldg: 1
Amenities
Refrigerator: 1
Unit 1
# Units: 3
# Bedrooms: 6
# Baths: 3
# Half Baths: 0
Rent: 8270
Monthly Total: 8270
Income/Expenses
Total Monthly Income: 24600
Other Income: 1800
Annual Income: 295200
Gross Rent Multiplr: 13.4
Insurance: 15000
Heating
Elec: 1
Cooling
A/C None: 1
Unit 2
# Units: 4
# Bedrooms: 4
# Baths: 4
# Half Baths: 0
Monthly Total: 9100
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Units: 3
# Bedrooms: 0
# Baths: 3
Monthly Total: 6000
Unit 4
# Units: 1
# Bedrooms: 0
# Baths: 1
Monthly Total: 1320
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Carport: Carport, Carport
Garage: 1
Total # Carport Spaces: 8
Total # Garage Spaces: 2
Total # Unconvered Spaces: 1
Carport: 1
Flr/Wdw Coverings
Carpet: 1
Vinyl Plank: 1
Owner Provides
Water: 1
Trash: 1
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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