- For Sale $2,395,000
- Property Type Multi-Family
- Property Size 4,260 SF
- Units 4
- Lot Size 9,148 SF
- Date Updated May 19, 2025
Located in Santa Barbara’s prime Medical Corridor and near Cottage Hospital, this multifamily property offers a rare value-add opportunity in a high-demand, low-supply submarket. With two of four units currently vacant, investors can capitalize on immediate leasing upside at current market rates. The flexible unit mix—ranging from studios to a spacious 3BD/3BA—broadens tenant appeal, while the potential to convert one or both 2-car garages into ADUs presents additional income and long-term value. Enhanced by ample on-site parking and a highly walkable location near De La Vina and State Street, this property is ideal for strategic renovations and repositioning to unlock its full potential.
Building Size 4,260 SF (two buildings)
Unit Mix Zoning R-MH (residential multi-unit and hotel) Parking Two 2-car garages, plus 2 onsite parking areas Occupancy 2 of 4 units currently vacant
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
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Walk Score ®
76/100
Very Walkable
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Transit Score ®
42/100
Some Transit
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Bike Score ®
84/100
Very Bikeable
- City Santa Barbara, CA
- Neighborhood Oak Park
- Zip Code 93105
- Market Central Coast
Points of Interest
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Santa Barbara
1.98 miles
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Zoo Train
3.22 miles
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SBA Economy Lot 3
6.46 miles
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SBA Economy Lot 2
6.49 miles
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SBA Economy Lot 1
6.53 miles
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SBA Terminal
6.62 miles
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Goleta
7.05 miles
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ChargePoint
0.91 miles
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eVgo
1.04 miles
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Santa Barbara Gas
1.25 miles
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Chevron
1.79 miles
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True Zero
1.81 miles
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Conserv Fuel
1.82 miles
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Fuel Depot
2.08 miles
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Arco
2.19 miles
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Village Service Station
4.96 miles
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Valero
5.81 miles
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1819
0.42 miles
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City Lot #5
1.01 miles
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City Lot #6 (Granada Garage)
1.03 miles
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Belmond El Encanto Tesla Chargers
1.04 miles
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City Lot #4
1.09 miles
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City Lot #7 (Library Garage)
1.13 miles
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City Lot #3
1.18 miles
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Ralphs
1.20 miles
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City Lot #8
1.21 miles
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Carrillo Commuter Lot
1.22 miles
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BEST WESTERN PLUS Encina Lodge & Suites
0.10 miles
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Secret Garden Inn & Cottages
0.34 miles
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Orange Tree Inn
0.38 miles
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Autocamp Santa Barbara
0.44 miles
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Cheshire Cat Inn
0.54 miles
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Lemon Tree Inn
0.55 miles
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Town and Country Inn
0.60 miles
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Holiday Lodge
0.63 miles
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Presidio Motel
0.63 miles
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Courtyard Santa Barbara Downtown
0.65 miles
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Garret's Old Fashioned Breakfast-Lunch Restaurant
0.30 miles
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Yellow Belly Tap
0.35 miles
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IHOP
0.56 miles
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The Patio Cafe
0.71 miles
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Shintori Sushi
0.77 miles
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El Pollo Loco
0.78 miles
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Super Cuca's Carnicería
0.88 miles
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Opal Restaurant & Bar
0.89 miles
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Carlitos Café y Cantina
0.90 miles
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3 Monkeys
0.91 miles
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Alice F Schott Continuing Education Center
0.22 miles
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Notre Dame Academy of Santa Barbara
0.35 miles
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Santa Barbara College of Oriental Medicine
0.36 miles
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Fielding Graduate University
0.41 miles
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Waldorf School of Santa Barbara
0.56 miles
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Saint Anthonys Seminary
0.58 miles
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Roosevelt Elementary School
0.67 miles
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La Cumbre Middle School
0.72 miles
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Notre Dame School
0.77 miles
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Adams Elementary School
0.84 miles
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Montessori Childrens Home
0.73 miles
Frequently Asked Questions
The space currently listed for sale at 2228 De La Vina Street asks for $2,395,000.
2228 De La Vina Street totals 4,260 square feet.
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Hayes Commercial Group
