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$3,800,000
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Property Description
Villa Castillo is a five-suite boutique short-term vacation rental property in downtown Santa Barbara, a half-mile to State Street and moments from the famed Funk Zone and white sand beaches. One of only a few fully permitted short term rental properties allowed in the downtown area, Villa Castillo was completed in May of 2020 with great attention to detail and has been meticulously maintained by the current owner. It offers a unique opportunity for investors looking to capitalize on the approximately 7.2 million visitors to Santa Barbara. The property consists of two large 2BD/2BA suites, each with a full kitchen and their own private laundry, plus three studio suites, each with their own kitchenette and a shared laundry facility. All suites offer plentiful natural light, high ceilings and modern, fully renovated interiors. Amenities include high-speed internet access, air conditioning, BBQs and Tesla charging station. This is a turnkey opportunity for the investor looking to expand their short-term rental portfolio or for a buyer looking for their pied-á-terre in Santa Barbara that not only supports their ownership costs but generates income on their investment.
Full Property Details
Full Property Details for 1124 Castillo St
General
- Sold For: $3,800,000
- Status: Closed
- Type: Commercial
- Source: SBAOR
- MLS ID: 25-954
- Added to Site: 316 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
Parking
- Parking Features: Uncovered
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Cross Streets: Anapamu
Heating & Cooling
- Heating Type: GFA
Structural Information
- Square Feet: 3,459
- Property Condition: Excellent
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,558
- Lot Size: 10558
- Zoning: Other
Financial Considerations
- Terms: Cash
- Tenant Pays: Ext Main, Cbl TV, Wtr, Electricity
Disclosures and Reports
- Property ID: 039-212-035
Listed and Sold by Hayes Commercial Group
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Schools
Schools serving 1124 Castillo St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 1.3 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 1.1 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 1124 Castillo St
Date
Details
Price
Change
Source
10/15/2025
Sold
$3,800,000
-13.64%
MLS
5/19/2025
Price Reduced
$4,400,000
-5.38%
MLS
3/06/2025
Listed
$4,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1124 Castillo Street, Santa Barbara, CA 93101 (MLS# 25-954) is a Commercial property that was sold at $3,800,000 on October 15, 2025. Want to learn more about 1124 Castillo Street? Do you have questions about finding other Commercial 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.

