Amy Abbott & Kristin Hall | Berkshire Hathaway HomeServices

4817 San Gordiano Avenue, SANTA BARBARA, CA 93111

$2,350,000
Property Type: Res Inc Square Footage: 3,928 Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $2,350,000 List Date: 9/21/2026 Last Modified: 9/21/2026

Description

NO CITY RENT CONTROL HERE!!! Prime Santa Barbara 4-Unit Multifamily Investment Opportunity Ideally positioned just off Turnpike Road, this well-maintained four-unit multifamily property presents an attractive opportunity to acquire a versatile income-producing asset in one of Santa Barbara's most established residential markets. The property offers convenient access to the US 101 Freeway and is only minutes from downtown Santa Barbara, providing residents with easy connectivity to employment centers, shopping, dining, recreation, and everyday amenities. Situated on an approximately 8,776-square-foot lot, the property encompasses approximately 3,560 square feet of living space and features a desirable unit mix designed to appeal to a broad range of tenants: one 1-bedroom/1-bathroom u

Supplements: two 2-bedroom/1-bathroom units, and one 3-bedroom/2-bathroom unit. Each residence benefits from one dedicated covered parking space, an increasingly valuable amenity in Santa Barbara. The property's location contributes to a strong and convenient residential setting, with nearby retail shopping, restaurants, parks, and neighborhood services. Its proximity to San Marcos High School, along with quick access to major transportation routes, further enhances the property's appeal to prospective tenants and supports long-term rental demand. Not subject to City Rental Rules. For an investor, the property offers an appealing combination of existing rental income, four-unit scale, and meaningful upside potential. Opportunities may include continued rent growth, strategic cosmetic improvements, and selective property enhancements designed to improve the tenant experience and increase overall income. With its well-balanced unit mix, dedicated parking, established location, and potential for future value creation, this offering represents an opportunity to acquire a Santa Barbara multifamily asset with both current income and long-term upside.

More Information MLS# 25-3653

Location Info

Country: US Compass Map: Santa Barbara Map Grid: J11 Cross Street: Turnpike District: 30 - SB/GOL SOUTH Street #: 4817 Street Name: San Gordiano Street Suffix: Avenue State: CA Postal Code: 93111 County: Santa Barbara Parcel Number: 065-471-006

Property Information

Year Built: 1964 Stories: 2 Apx Lot SqFt: 8276 Apx # Acres: 0.19 Main House SqFt: 3928 Recurring Fees: No Number of Units: 4

Neighborhood/Schools

Elementary School: El Camino Junior High School: LaColina High School: San Marcos

Owner Info

Deposit: 75000 Deposit Type: %

Remarks

Hot Sheet Comment: price

Condition

Good: 1

Foundation

Slab: 1

Miscellaneous

Parking Spaces: 4 # Refrigerators: 4 # Stoves: 4

Proximity

Near Bus: 1 Near Ocean: 1 Near School(s): 1

Laundry

Bldg: 1

Unit 1

# Units: 1 # Bedrooms: 3 # Baths: 2 # Half Baths: 0 Furnished: N Rent: 4100 Monthly Total: 4023

Income/Expenses

Total Monthly Income: 12949 Annual Income: 155388 Gross Rent Multiplr: 16.08 Insurance: 1925 Water Expense: 393 Electric Expense: 30 Gas Expense: 78 Trash Expense: 121 Maintenance Expense: 350 Total Annual Exp: 13589

Security

Smoke Detector(s): 1

Heating

Wall: 1 GFA: 1

Pets

Yes: 1

Unit 2

# Units: 1 # Bedrooms: 2 # Baths: 1 # Half Baths: 0 Rent: 3200

Zoning

R-3: 1

Reports Available

Home Inspection: 1 Pest Inspection: 1 Prelim: 1 Struct: 1 CCR'S Inc: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Unit 3

# Units: 1 # Bedrooms: 2 # Baths: 1 # Half Baths: 0 Rent: 3049 Monthly Total: 3049

Unit 4

# Units: 1 # Bedrooms: 1 # Baths: 1 # Half Baths: 0 Rent: 2600 Monthly Total: 2600

Meters

Sep Meter Elec: Y

Parking Info

Carport: 1 Cpt #4: 1 Outside: 1

Flr/Wdw Coverings

Carpet: 1 Wood/Laminate: 1

Pub Listing Details

None: 1

Owner Provides

Water: 1 Trash: 1

Contract Info

Current Price: $2,350,000 Price: 2350000 Begin Date: 2025-10-01 Status: Active

Property Features

Condition: Good Foundation: Slab Parking Info: Carport; Carport; Cpt #4; Outside Proximity: Near Bus; Near Ocean; Near School(s) Laundry: Bldg Security: Smoke Detector(s) Heating: GFA; Wall Pets: Yes Owner Provides: Water; Trash Zoning: R-3 Reports Available: Home Inspection; Pest Inspection; Prelim; Struct; CCR'S Inc Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None
Listing Office: Berkshire Hathaway HomeServices California Properties
IDX
Last Updated: September - 21 - 2026
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