1011 Laguna St
1011 Laguna St, Santa Barbara, CA 93101
Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) one-bedroom/one-bathroom units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE.
Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property’s overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara’s vibrant State Street corridor, parks, beaches, and major employers.
With its combination of classic Santa Barbara architecture, strong rental demand, and unbeatable location, 1011 Laguna Street represents an ideal long-term investment opportunity in one of the city’s most desirable neighborhoods
Building Size
±3,722 SF
Units
8 Units ($368,750/per unit)
Unit Mix
(8) 1BD/1BA
Cap Rate
Current: 4.41% • AB1482: 4.64%
Market: 4.73%
GRM
Current: 13.40 • AB1482: 12.97
Market: 12.80
NOI
$130,009
Parking
±9 Uncovered Spaces
Zoning
C-G
APN
029-221-013
Year Built
1957
Utilities
Tenant Pays Gas, Electric.
Landlord Pays Water/Sewer, Trash.
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Radius Commercial Real Estate
Radius Commercial Real Estate
Radius Commercial Real Estate
Radius Commercial Real Estate
Building Details
- For Sale $2,825,000
- Property Type Multi-Family
- Property Size 3,722 SF
- Units 8
- Lot Size 0.11 Acre
- Cap Rate % 4.79
- Parking Spaces Avail. 9
- Parking Ratio 2.42 / 1,000 SF
- Date Updated Apr 8, 2026
Getting Around
-
Walk Score ®
Very Walkable (88) -
Transit Score ®
Good Transit (51) -
Bike Score ®
Biker's Paradise (92)
Location
- City Santa Barbara, CA
- Neighborhood Laguna
- Zip Code 93101
- Market Central Coast
Points of Interest
Zoo Train
1.90 miles
SBA Economy Lot 3
7.74 miles
SBA Economy Lot 2
7.78 miles
SBA Economy Lot 1
7.82 miles
SBA Terminal
7.87 miles
Goleta
8.34 miles
ChargePoint
0.32 miles
Santa Barbara Gas
0.68 miles
Arco
0.88 miles
Chevron
1.08 miles
Fuel Depot
2.22 miles
True Zero
3.13 miles
Conserv Fuel
3.14 miles
Village Service Station
3.77 miles
City Lot #7 (Library Garage)
0.32 miles
City Lot #8
0.33 miles
Santa Barbara Historical Society Parking
0.34 miles
City Lot #6 (Granada Garage)
0.36 miles
The Junior Lot
0.37 miles
City Lot #3
0.44 miles
Cota Commuter Lot
0.45 miles
City Lot #2
0.45 miles
City Lot #4
0.46 miles
Thrifty Car Rental
7.51 miles
Car Rental Offices
7.89 miles
Enterprise
7.89 miles
National
7.89 miles
Alamo
7.89 miles
Avis
7.89 miles
Budget
7.89 miles
Dollar
7.89 miles
Hertz
7.89 miles
Rud's Mexican
0.24 miles
Judge for Yourself Cafe
0.27 miles
Secret Bao
0.34 miles
Hook & Press Donuts
0.34 miles
State & Fig
0.35 miles
Pizza Mizza Parlor & Arcade
0.35 miles
Petit Valentien
0.35 miles
Mizza
0.38 miles
L'Antica Pizzeria
0.39 miles
Marshalls
0.37 miles
Paseo Nuevo Mall
0.47 miles
Nordstrom
0.48 miles
Ralphs
0.54 miles
Smart & Final
0.58 miles
Tino's Italian Grocery
0.60 miles
Chapala Market
0.63 miles
Trader Joe's
0.93 miles
Santa Cruz Market
1.01 miles
SB Fire Station 3
0.38 miles
Sansum Cinic
0.48 miles
Eastside Neighborhood Clinic
0.49 miles
Santa Barbara Fire Station 1
0.51 miles
Ralphs Pharmacy
0.55 miles
Anapamu Holistic Health Clinic
0.62 miles
CVS Pharmacy
0.63 miles
Westside Neighborhood Clinic
1.13 miles
Rite Aid
1.21 miles
1011 Laguna St Listing Summary
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What is the asking price at 1011 Laguna St?
1011 Laguna St is currently listed for sale at Contact for pricing.
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What is the total size of 1011 Laguna St?
1011 Laguna St has a total of 3,722 square feet.
