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1021 San Andres Street, 
Santa Barbara, CA 93101

$2,395,000

—

Bed

—

Bath

4,468

Sq Ft

Multi-Family

Pending

Listed by

Ken Switzer

Berkshire Hathaway HomeServices California Properties

Last updated:

August 21, 2025, 04:55 AM

MLS#

25-3043

Source:

SBAOR

About This Home

1021 San Andres Street

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

Home Facts

Multi-Family

Built in 1974

Price Summary

2,395,000

$536 per Sq. Ft.

MLS #:

25-3043

Last Updated:

August 21, 2025, 04:55 AM

Added:

20 day(s) ago

Rooms & Interior

Interior

Living Area:

4,468 Sq. Ft.

Structure

Structure

Year Built:

1974

Lot

Lot Size (Sq. Ft):

8,712

Finances & Disclosures

Finances

Price:

$2,395,000

Price per Sq. Ft:

$536 per Sq. Ft.

Source:SBAOR
Based on information from the Santa Barbara MLS as of August 31, 2025 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, 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.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.