, SANTA BARBARA, CA 93101 (MLS# 26-3148)

SANTA BARBARA, CA 93101

New Listing

$4,600,000

Property Type: Res Inc Square Footage: 3,459 Status: Active

Current Price: $4,600,000 List Date: 9/18/2026 Last Modified: 9/21/2026

Overview

Description

Casa Castillo presents a rare opportunity to acquire a fully permitted, five-suite boutique hotel in the heart of downtown Santa Barbara. Ideally situated just half a mile from State Street and minutes from the vibrant Funk Zone, beaches, shopping, and an abundance of dining and entertainment options, the property offers an exceptional location in one of California's most desirable coastal destinations. As one of a limited number of fully permitted short-term rental properties in Santa Barbara's downtown core, Casa Castillo represents a unique opportunity to acquire a turnkey hospitality investment with an established operating platform and attractive cash flow. Occupancy of 80% at a $496 ADR and a 6.5% Cap Rate

Supplements: 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 and capitalize on the approximately 7.2 million visitors to Santa Barbara, or for a buyer looking for their pied-à-terre in Santa Barbara that ... (Read more)

Listing Details MLS# 26-3148

Location Info

District: 20 - SB/WEST OF STATE
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O12
County: Santa Barbara
Cross Street: Figueroa
Walk Score: 93
Bike Score: 98

Contract Info

Price: 4600000
Seller Consider Concessions: Yes
Begin Date: 2026-09-18

Property Information

Number of Units: 5
Units Furnished: All Units
Stories: Yes
Year Built: 1930
Main House SqFt: 3459
Other Structures SqFt: 10558
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 138000
Deposit Type: %
COE: ASAP

More Information

Miscellaneous

Parking Spaces: 7

Unit 1

# Units: 2
# Bedrooms: 2
# Baths: 2

Unit 2

# Units: 3
# Baths: Yes

Meters

Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No

Parking Info

Total # Unconvered Spaces: 7

Property Features

Condition: Excellent Foundation: Mixed Parking Info: Outside Proximity: Near Bus; Near Coffee Shop; Near Downtown; Near Grocery; Near Hospital; Near Ocean; Near Park(s); Near Shopping Laundry: In Unit; Laundry Room Amenities: Patio; Dishwasher; Disposal; Microwave; Washer; Dryer; Refrigerator; Fire Spkl; Cable TV; Fncd All; Fncd Back Security: Fire Alarm Cooling: A/C Central Heating: Forced Air; Natural Gas Handicapped Access: Wheelchair Access Owner Provides: Heat; Elec; Gas; Water; Trash; Cbl TV Zoning: R-MH Exchange: Yes Terms: Cash Listing Type: ER Pub Listing Details: Owner is Licensee

Listing Office: Hayes Commercial Group

Last Updated: September - 21 - 2026

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