Bath Street Flats is a boutique multifamily investment located in one of Santa Barbara's most supply-constrained downtown submarkets, offering hands-off ownership and durable cash flow. Situated just two blocks from the Santa Barbara Public Market and minutes from the Theatre District, the property benefits from consistent tenant demand, strong rental performance, and full occupancy. The asset has been meaningfully repositioned, allowing a new owner to step into a fully stabilized investment with limited near-term capital exposure and current income of $30,250 per month. With high barriers to entry and limited turnover, the property is ideally suited for a 1031 exchange buyer, private investor, or family office seeking stable income and long-term capital preservation in Santa Barbara.A newly constructed ADU (2022) adds additional value, while off-street parking and a modernized on-site laundry facility further enhance tenant convenience. This is a well stabilized investment opportunity, ideal for a 1031 exchange or long-term hold. With its unbeatable downtown location, consistent rental demand, and exceptional curb appeal, Bath Street Flats stands out as an ideal option for a hands-off investor.
Property Type(s):
Residential Income
|
Last Updated
|
1/11/2026
|
Tract
|
Not Applicable
|
|
Year Built
|
1889
|
Community
|
VC81 - Santa Barbara
|
|
County
|
Santa Barbara
|
Additional Details
| AIR |
Central Air, Zoned |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Washer, Washer/Dryer Stacked |
| AREA |
VC81 - Santa Barbara |
| BASEMENT |
Sump Pump, Yes |
| EXTERIOR |
Balcony |
| FIREPLACE |
Yes |
| HEAT |
Central, Ductless, Forced Air, Zoned |
| INTERIOR |
Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Storage |
| LOT |
10454 sq ft |
| LOT DIMENSIONS |
10454 |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
Split/Multi Level |
| STYLE |
SeeRemarks, Victorian |
| SUBDIVISION |
Not Applicable |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Mountain(s), Neighborhood |
| WATER |
Public |
Location
Listed with Beachside Partners
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email