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$2,295,000
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Property Description
Fantastic cash-flow opportunity at an accessible price point for 5 units in a central Santa Barbara location, a few blocks to downtown and a mile to the beach and Santa Barbara City College. The building orients vertically back from the street for tenant privacy and quiet, and features a good unit mix of 1x3-BR/2-BA, 2x2-BR/2-BA and 2x1-BR/BA. 3 of the 5 units have been nicely updated in the last 2 years, and the property has seen local pride-of-ownership by the same family for nearly 50 years. The current GRM is ~13.1 and if allowed increases on Jan. 1st go into effect, it would drop to ~12.3. Don't miss this chance to get in on the ground floor of Santa Barbara multi-family investing, or complete a 1031 exchange without compromising rate of return! Full Offering Memorandum in Documents
Full Property Details
Full Property Details for 1021 San Andres St
General
- Sold For: $2,295,000
- HOA FEE: $8,112
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 25-3043
- Added to Site: 159 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Rooms
Other Rooms
- Laundry: Laundry Room
Parking
- Carport Spaces: 6
- Total Spaces: 8
- Parking Features: Carport, Uncovered, Cpt #6, Unc #2
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Cross Streets: Carrillo
School Information
- Elementary School: McKinley
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Heating & Cooling
- Heating Type: GFA
Structural Information
- Foundation: Slab
- Square Feet: 4,468
- Living Area: 4,468 Sq. Ft.
- Year Built: 1974
- Property Condition: Excellent, Good
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size: 8712
- Lot Features: Near Public Transit
- Zoning: R-2
Financial Considerations
- Maint. Fee: $8,112
- Maint. Fee/Month: $8,112
- Terms: Cash, Conventional
Disclosures and Reports
- Reports: Prelim, Other
- Property ID: 039-242-010
Listed by Berkshire Hathaway HomeServices California Properties
Sold by Non Member Office
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Schools
Schools serving 1021 San Andres St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
McKinley Elementary School, Santa Barbara, CA 350 Loma Alta Drive, Santa Barbara, CA 93109 | PK-6 | 0.7 mi |
La Cumbre Junior High School 2255 Modoc Road, Santa Barbara, CA 93101 | 7-8 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1021 San Andres St
Date
Details
Price
Change
Source
10/20/2025
Sold
$2,295,000
-4.18%
MLS
8/11/2025
Listed
$2,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1021 San Andres Street, Santa Barbara, CA 93101 (MLS# 25-3043) is a Multi-Family property that was sold at $2,295,000 on October 20, 2025. Want to learn more about 1021 San Andres Street? Do you have questions about finding other Multi-Family real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

