333 E Carrillo St

10-unit multifamily asset ideally situated in the heart of Downtown Santa Barbara, offering an exceptional blend of location, condition, and upside potential. The property features a desirable unit mix of (8) one-bedroom/one-bath and (2) two-bedroom/one-bath apartments. The building has been well-maintained property with beautifully landscaped grounds, and 8 uncovered parking spaces—a valuable amenity in this prime urban location. Several units have been recently refreshed, providing an immediate sense of pride of ownership while still leaving room for further modernization and rent growth.

Ideally positioned within walking distance to Downtown Santa Barbara’s shops, restaurants, and entertainment, this property offers an unparalleled living experience and long-term investment stability in one of California’s most sought-after coastal markets

Building Size

±5,438 SF

Lot Size

±8,276 SF

Units

10

Unit Mix

(8) 1BD/1BA; (2) 2BD/1BA

Price Per Unit

$395,000

Cap Rates

4.28% | 4.64% | 4.96%

GRM

13.83 | 13.14 | 12.56

NOI

$169,200

APN

029-221-014

Year Built

1956

Zoning

C-G

Parking

±8 Uncovered Spaces