Santa Barbara, CA 93103 930 Philinda Avenue
$3,650,000
66 more
Presented By: Kevin Goodwin with Goodwin & Thyne Properties; 805-448-2200
- MLS# SC25169490
- 07/28/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 3
Baths • 2
SQFT • 5,428
Home Details
Exceptional multifamily investment in the heart of Santa Barbara. This grand 4-unit property offers a desirable mix of single-level and two-story townhouse-style units, each with 3 bedrooms, 2 bathrooms, a fireplace, and carport parking. Ideally located near the Santa Barbara Bowl and Milpas Street's vibrant shops and restaurants, plus close to downtown Santa Barbara. The property has high tenant demand and broad renter appeal. Unit B is currently open, offering flexibility for an owner-user, furnished rental, or achieving market-rate rents, while Units A, C, and D generate immediate income. Onsite laundry facility adds convenience and supports solid rental performance with versatile unit mix, stable cash flow, and long-term upside in a supply-constrained market.
Presented By: Kevin Goodwin with Goodwin & Thyne Properties; 805-448-2200
Interior Features for 930 Philinda Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 930 Philinda Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.71
Carport Spaces4.0
Carport Y/NYes
CitySanta Barbara
Community FeaturesCurbs, StreetLights, Sidewalks
CountySanta Barbara
DirectionsTake Milpas Street exit from US101, continue up Milpas Street (not toward beach), turn left onto E Canon Perdido Street, turn right onto Philinda Avenue
Electric Expense0.0
Entry Location2
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet15246.0
Lot Size UnitsSquareFeet
MLS AreaVC81 - Santa Barbara
MobileHomeRemainsYNNo
Net Operating Income208500.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased3
Open Parking Spaces4.0
Operating Expense55500.0
Pool FeaturesNone
PostalCitySANTA BARBARA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameSanta Barbara: Other (80)
Tax Lot1
Total Actual Rent11928.0
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense0.0
Year Built1977
Year Built SourceAssessor
ZoningC-2
Exterior for 930 Philinda Avenue
Building Area Total5428.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.35
Lot Size Area15246.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesCarport, OffSite, Uncovered
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate