Santa Barbara County · Multifamily brokerage

Santa Barbara apartment building sales

Santa Barbara is where the Golis Team started and where we have closed more apartment sales than in any other city. Inside city limits, owners now work under a local rent stabilization ordinance as well as state law, so the rules that shape value can differ from one side of the city line to the other.

Since 2003 we have closed 193 transactions in Santa Barbara, totaling 1,617 units. The most recent closed in October 2026.

Request a confidential valuation For sale in Santa Barbara
1011 Laguna St, Santa Barbara — sold by the Golis Team
1011 Laguna St, Santa Barbara$2,500,000 · October 2026
4.93%
Avg Cap Rate · 2025
$425,624
Avg Price Per Door · 2025
3.0%
Vacancy · Q4 2025
$128,178,000
2025 Volume
20
Market Transactions (2025)
251
Market Units Sold (2025)
193
Our Santa Barbara Closings (All-time)
4
Our Santa Barbara Listings

Market figures are the Santa Barbara South County submarket's, which includes Santa Barbara: Radius proprietary research, calendar year 2025, vacancy as of Q4 2025. Our closings and listings are the Golis Team's own in Santa Barbara.

Track Record

What we've sold in Santa Barbara.

Full Track Record
All 193 of our Santa Barbara closingsShow the list
Every Golis Team closing in Santa Barbara, newest first
PropertyTypeUnitsPricePer unitClosedWe represented
1011 Laguna StMultifamily8$2,500,000$313KOctober 2026Seller
333 E Carrillo StMultifamily10$3,300,000$330KOctober 2026Seller
1327 De La Vina StCommercial—$2,100,000—June 2026Both sides
213 W Gutierrez StOffice—$1,200,000—June 2026Both sides
706-708 E Haley StOffice5$3,305,000$661KApril 2026Buyer
515 W Los Olivos StLand—$1,770,000—April 2026Seller
109 Bath StHospitality53$22,500,000$425KMarch 2026Seller
2128 Bath StMultifamily4$2,250,000$563KDecember 2025Buyer
302 N Soledad StMultifamily2$1,240,000$620KDecember 2025Seller
19 W Padre StMultifamily7$2,950,000$421KNovember 2025Seller
15 W IslayMultifamily5$2,210,000$442KOctober 2025Seller
404-414 Por La Mar DrIndustrial—$4,300,000—September 2025Seller
811 E Gutierrez St & 816 Reddick StIndustrial—$1,630,000—July 2025Seller
622 & 630 E Victoria StMultifamily16$5,850,000$366KJune 2025Buyer
15 W IslayMultifamily5$1,850,000$370KMay 2025Both sides
20-80 Oceano AveMultifamily29$21,150,000$729KFebruary 2025Both sides
526-528 N Milpas StOffice—$1,050,000—November 2024Seller
2016-2018 Bath StMultifamily8$4,700,000$588KOctober 2024Both sides
2011 Oak AveMultifamily8$2,750,000$344KSeptember 2024Both sides
105 San Angelo AveLand—$3,070,000—July 2024Buyer
208 W Arrellaga StMultifamily4$1,629,375$407KJuly 2024Seller
901-905 Garcia RdMultifamily4$2,200,000$550KJune 2024Seller
4834 San Gordiano AveMultifamily4$3,200,000$800KJune 2024Both sides
1715 De La Vina StMultifamily2$1,290,000$645KMay 2024Seller
1721 De La Vina StMultifamily4$2,590,000$648KMay 2024Seller
1514-1520 Garden StMultifamily11$7,250,000$659KMay 2024Seller
400 W Pedregosa StMultifamily3$1,675,000$558KMarch 2024Buyer
234 S Voluntario St & 1015 Hutash StMultifamily20$9,350,000$468KDecember 2023Both sides
329 W Micheltorena StreetMultifamily2$1,400,000$700KSeptember 2023Buyer
133 & 135 E Ortega StIndustrial—$6,550,000—April 2023Buyer
117 E Ortega StOffice—$2,000,000—April 2023Buyer
130 W Padre StMultifamily8$2,800,000$350KMarch 2023Seller
4000 Modoc RdOffice—$2,170,000—February 2023Both sides
117-119 N Milpas StMultifamily5$1,650,000$330KFebruary 2023Both sides
4085 State StLand—$3,025,000—February 2023Seller
1317 Punta Gorda StLand14$3,850,000$275KDecember 2022Seller
28 W Pedregosa StMultifamily14$6,450,000$461KDecember 2022Both sides
4834 San Gordiano AveMultifamily4$2,125,000$531KNovember 2022Buyer
1315 State StRetail—$2,700,000—November 2022Seller
321 W Padre StMultifamily11$5,750,000$523KOctober 2022Buyer
1418 Almond AveMultifamily3$1,950,000$650KSeptember 2022Seller
515 E Arrellaga StMultifamily17$6,595,000$388KSeptember 2022Seller
515 E Arrellaga StMultifamily17$2,050,000$121KSeptember 2022Seller
4820 San Gordiano AveMultifamily4$2,175,000$544KSeptember 2022Seller
520 E Haley StIndustrial—$1,700,000—August 2022Both sides
1111 Quinientos StMultifamily1$1,200,000—August 2022Both sides
2024 Anacapa StMultifamily9$4,000,000$444KJune 2022Both sides
1628 San Andres StMultifamily3$1,960,000$653KJune 2022Seller
109 Bath StHospitality53$22,000,000$415KMarch 2022Buyer
308 W De La Guerra StMultifamily4$1,730,000$433KMarch 2022Seller
326 W Victoria StMultifamily4$2,300,000$575KFebruary 2022Seller
211-215 W De la Guerra StMultifamily4$2,475,000$619KDecember 2021Seller
4455 Hollister AveMultifamily11$3,095,000$281KNovember 2021Seller
134 Chapala StHospitality—$3,750,000—October 2021Seller
55 Ocean View AveMultifamily11$6,900,000$627KSeptember 2021Seller
614-618 W Pedregosa StMultifamily10$4,100,000$410KAugust 2021Both sides
8 Ocean View AveLand—$1,600,000—July 2021Buyer
817 De La Vina StMultifamily7$2,920,500$417KJune 2021Buyer
160 Camino De VidaMultifamily12$4,200,000$350KFebruary 2021Buyer
2015 Castillo StMultifamily6$2,775,000$463KFebruary 2021Both sides
2130 Bath StMultifamily4$2,000,000$500KDecember 2020Seller
1530 Bath StMultifamily5$2,580,000$516KDecember 2020Both sides
615 W Mission StMultifamily3$1,630,000$543KNovember 2020Seller
1615 Garden StMultifamily2$1,040,000$520KSeptember 2020Buyer
305 Ladera StMultifamily4$2,235,000$559KSeptember 2020Both sides
1418 Almond AveMultifamily3$1,590,000$530KAugust 2020Seller
410 E Islay StreetMultifamily2$1,295,000$648KJuly 2020Seller
428 Chapala StOffice—$2,440,000—June 2020Buyer
401 W Los OlivosMultifamily18$4,700,000$261KJanuary 2020Seller
1407 Bath StMultifamily6$1,781,000$297KDecember 2019Both sides
1628 San Andres StMultifamily3$1,450,000$483KAugust 2019Buyer
523 W Islay StMultifamily2$785,000$393KAugust 2019Seller
1822 San AndresMultifamily2$785,000$393KJuly 2019Buyer
28 W Pedregosa StMultifamily14$4,250,000$304KJuly 2019Seller
1410 San AndresMultifamily—$950,000—June 2019Buyer
328 W Montecito StLand—$1,350,000—June 2019Buyer
1501 Santa Barbara StMultifamily8$4,394,000$549KJanuary 2019Seller
114 Natoma AveMultifamily8$3,145,000$393KDecember 2018Seller
4085 State StLand—$2,550,000—August 2018Both sides
2509 Modoc RdMultifamily2$845,000$423KJune 2018Seller
309 W Quinto StreetOffice—$2,533,200—June 2018Seller
215 W Arrellaga StMultifamily10$3,700,000$370KApril 2018Both sides
1821 De La Vina StMultifamily6$2,100,000$350KDecember 2017Seller
55 Ocean View AveMultifamily11$4,275,000$389KNovember 2017Both sides
1801 De La Vina StMultifamily4$1,790,000$448KAugust 2017Seller
47 Ocean View AveMultifamily15$4,175,000$278KAugust 2017Seller
2509 Modoc RdMultifamily2$785,000$393KMarch 2017Seller
536 Brinkerhoff AveOffice2$1,357,000$679KJanuary 2017Seller
411 E Micheltorena StMultifamily6$2,295,000$383KOctober 2016Buyer
1236 San Andres StMultifamily2$870,000$435KOctober 2016Buyer
502 BrinkerhoffRetail—$855,000—September 2016Buyer
520 - 536 W CarrilloMultifamily50$14,875,000$298KSeptember 2016Seller
229 W Quinto StMultifamily5$1,985,000$397KSeptember 2016Seller
1532 Anacapa StOffice—$3,250,000—August 2016Both sides
806 N Nopal StMultifamily8$2,050,000$256KJuly 2016Buyer
2504-2506 Oak Crest DrMultifamily2$950,000$475KJune 2016Seller
1117 Quinientos StMultifamily4$1,525,000$381KJune 2016Seller
1407 Bath StMultifamily6$1,475,000$246KMay 2016Both sides
517 Chapala StLand—$2,100,000—May 2016Buyer
2019 State StOffice—$1,500,000—April 2016Seller
440 E Ortega StRetail—$600,000—March 2016Seller
4345 ModocMultifamily2$1,500,000$750KFebruary 2016Buyer
232 W YanonaliMultifamily6$2,442,500$407KJanuary 2016Seller
2015 Castillo StMultifamily6$1,950,000$325KDecember 2015Buyer
315 E Carrillo StRetail—$750,000—December 2015Both sides
211 W MissionOffice—$620,000—November 2015Buyer
1530 Bath StMultifamily5$1,725,000$345KOctober 2015Both sides
802-808 N Voluntario StMultifamily4$1,725,000$431KOctober 2015Both sides
101 S Canada StMultifamily1$895,000—August 2015Both sides
4515-4519 Hollister AveOffice—$2,125,000—May 2015Buyer
302 W MontecitoMultifamily—$1,480,000—April 2015Both sides
308 W Montecito StLand—$865,000—December 2014Buyer
311 W Montecito StOffice—$725,000—December 2014Both sides
1334 Anacapa StOffice—$2,647,000—November 2014Buyer
203 Ladera StMultifamily29$7,000,000$241KSeptember 2014Both sides
222 W Mission StMultifamily9$2,040,000$227KSeptember 2014Buyer
118 E Sola StMultifamily14$4,750,000$339KAugust 2014Both sides
1502 San Pascual StMultifamily45$12,500,000$278KAugust 2014Both sides
533 E Micheltorena StOffice—$954,500—February 2014Seller
533 E Micheltorena StOffice—$148,200—February 2014Seller
533 E Micheltorena StOffice—$222,300—February 2014Seller
801-831 Cliff DrMultifamily97$33,500,000$345KJanuary 2014Both sides
118 Los Aguajes AveMultifamily11$3,062,500$278KJanuary 2014Seller
210 W Micheltorena StMultifamily6$1,700,000$283KJanuary 2014Seller
527 E Micheltorena StMultifamily2$1,300,000$650KDecember 2013Buyer
2320 De La Vina StMultifamily13$2,850,000$219KSeptember 2013Seller
500 N Milpas StRetail—$422,500—July 2013Seller
321 W Padre StMultifamily11$2,150,000$195KJuly 2013Both sides
104 Chapala St & 28 W Mason StMultifamily8$2,050,000$256KMay 2013Seller
1125 De La Vina StMultifamily9$2,371,600$264KMay 2013Seller
210 Arden RdMultifamily3$845,000$282KMarch 2013Seller
2504-2506 Oak Crest DrMultifamily2$769,500$385KDecember 2012Buyer
504 W Pueblo StOffice—$315,000—October 2012Buyer
821 Bond AveIndustrial—$296,000—July 2012Both sides
515 Red Rose LnMultifamily32$8,970,000$280KJuly 2012Seller
85 N La Cumbre RdMultifamily10$1,716,667$172KMarch 2012Buyer
320 -322 W Canon Perdido StMultifamily29$4,650,000$160KJanuary 2012Buyer
1212 -1216 Alta Vista RdMultifamily10$2,760,000$276KJuly 2011Both sides
203 Ladera StMultifamily29$4,650,000$160KJune 2011Both sides
902 Bath StMultifamily15$2,050,000$137KOctober 2010Seller
1510 Laguna StMultifamily7$1,435,000$205KOctober 2010Seller
3022 State StOffice—$1,150,000—September 2010Seller
411 E Micheltorena StMultifamily6$1,225,000$204KAugust 2010Seller
148 E Carrillo StOffice—$700,000—July 2010Seller
4839 San Gordiano AveMultifamily4$1,120,000$280KApril 2010Seller
26 W Arrellaga StMultifamily12$2,193,750$183KOctober 2009Seller
150 Pebble Hill DrLand—$2,000,000—July 2009Seller
122 W Valerio StMultifamily10$1,750,000$175KApril 2009Seller
2541 Modoc RdMultifamily37$8,200,000$222KFebruary 2008Buyer
1826 -1820/1822 De La Vina StLand—$3,450,000—September 2007Seller
25 Broadmoor PlzMultifamily7$1,650,000$236KMay 2007Seller
126 E Canon Perdido StRetail—$3,010,000—March 2007Seller
2121 Oak Park LnLand—$1,350,000—March 2007Both sides
554 & 555 Coronel PlMultifamily49$11,770,500$240KFebruary 2007Buyer
3754 San Remo DrMultifamily29$7,695,000$265KFebruary 2007Buyer
134 Chapala StHospitality—$2,600,000—December 2006Seller
227 E Haley StMultifamily14$1,400,000$100KNovember 2006Seller
530 W Anapamu StMultifamily13$3,300,000$254KJuly 2006Seller
505 W Los Olivos StMultifamily4$1,995,000$499KJuly 2006Both sides
1215 and 1217 (Price Reduced) Laguna StMultifamily6$1,425,000$238KJune 2006Both sides
224 E Figueroa StMultifamily5$1,400,000$280KJune 2006Buyer
620 W Gutierrez StMultifamily74$13,950,000$189KFebruary 2006Seller
47 Ocean View AveMultifamily26$5,975,000$230KDecember 2005Seller
1905 De La Vina StMultifamily16$3,495,000$218KNovember 2005Both sides
3450 Richland DrMultifamily7$1,935,000$276KOctober 2005Seller
3442 Richland DrMultifamily7$1,550,000$221KOctober 2005Buyer
314 W Micheltorena StMultifamily14$2,675,000$191KSeptember 2005Both sides
924 Philinda AveMultifamily8$1,725,000$216KMay 2005Seller
930 PhilindaMultifamily4$1,725,000$431KMarch 2005Seller
3449 Richland DrMultifamily8$1,800,000$225KMarch 2005Both sides
4839 San Gordiano AveMultifamily4$1,300,000$325KMarch 2005Both sides
1815 State StOffice—$1,420,000—October 2004Buyer
1520 Bath StMultifamily4$1,490,000$373KSeptember 2004Seller
3908 State StOffice—$12,700,000—May 2004Buyer
701 W Bath StMultifamily12$2,262,500$189KApril 2004Both sides
401 W Los OlivosMultifamily18$2,500,000$139KJanuary 2004Both sides
320 E Victoria StMultifamily4$1,150,000$288KDecember 2003Seller
401 W De La Guerra StLand—$512,500—December 2003Seller
420 W Montecito StHospitality9$1,510,000$168KDecember 2003Seller
2314 De La Vina StMultifamily6$1,264,000$211KNovember 2003Seller
603 Eucalyptus AveMultifamily17$2,325,000$137KOctober 2003Buyer
900 N Milpas StRetail—$525,000—September 2003Both sides
608 Santa Barbara StMultifamily9$1,600,000$178KSeptember 2003Buyer
1624 Bath StMultifamily3$1,150,000$383KAugust 2003Seller
1020 Olive StMultifamily3$1,000,000$333KMay 2003Seller
412 -414 W Sola St BMultifamily3$935,000$312KMay 2003Seller
318 W ValerioMultifamily22$2,850,000$130KMay 2003Both sides
201 Bath StMultifamily12$2,085,000$174KApril 2003Seller
1810 Chapala StMultifamily12$2,500,000$208KApril 2003Buyer
1125 De La Vina StMultifamily9$1,425,000$158KMarch 2003Seller
1510 Garden StMultifamily16$2,953,000$185KFebruary 2003Both sides
2431 Castillo StOffice—$995,000—January 2003Seller
28 W Pedregosa StMultifamily14$2,150,000$154KJanuary 2003Buyer

These are the Golis Team's own closings, grouped by each property's mailing city, not a record of every sale in Santa Barbara. Mailing cities don't always follow city limits, so an address here can sit just outside the City of Santa Barbara. How we count.

Apartment buildings we've sold, by size

  • 2–4 units45
  • 5–19 units75
  • 20–49 units12
  • 50+ units3

Median building size: 7 units.

Who we represented

  • Represented the seller95
  • Represented the buyer48
  • Represented both sides50

Multifamily 139 · Office 23 · Land 13 · Retail 7 · Hospitality 5 · Industrial 5 · Commercial 1

Available Now

For sale in Santa Barbara.

Rent Rules

Does Santa Barbara have rent control?

Yes. The City Council gave final approval to rent stabilization on October 6, 2026.

  • The ordinance adds Chapters 26.90 (rent stabilization) and 26.100 (rental registry) to the Municipal Code and takes effect November 5, 2026, unless a referendum petition is filed first. Signature gathering is under way.
  • It covers most rental units with a certificate of occupancy issued before February 1, 1995. Single-family homes and condominiums are generally exempt under state law.
  • From January 1, 2027, the yearly increase on covered units is 60% of the change in California CPI, never more than 3% and never below zero (about 2.1% for 2027). A temporary rent freeze holds covered rents at December 16, 2025 levels through December 31, 2026.
  • Owners can still set a new tenant's starting rent when a unit is lawfully vacated. Nearly every rental unit must register with the City, starting with covered units by April 1, 2027.

Sources

City of Santa Barbara rules as summarized on October 17, 2026. A summary, not legal advice: rules change, and exemptions turn on the details of a property and tenancy. Confirm with the City of Santa Barbara or an attorney before acting.

The Wider Market

Santa Barbara sits in our Santa Barbara South County report.

Read the SB South report

What draws buyers to Santa Barbara South County

  • Supply is effectively capped — coastline, mountains, and slow-growth politics make new product rare and protect in-place assets.
  • A deep, affluent renter base (UCSB, tech, healthcare, second-home demand) keeps quality units leased through every cycle.
  • An irreplaceable coastal location commands a permanent rent premium and the region’s most durable values.

What gives Santa Barbara South County buyers pause

  • Sub-5% cap rates — you pay up for the zip code, and current yields are thin.
  • The City's rent stabilization ordinance caps yearly increases on most pre-1995 units at 60% of CPI, never more than 3%, from January 2027, limiting rent upside.
  • High entry prices plus rising insurance and property taxes squeeze cash flow.

These points, like the market figures at the top of the page, describe the whole Santa Barbara South County submarket, not Santa Barbara alone.

Research

Reading for Santa Barbara owners.

Frequently Asked

Santa Barbara,
answered.

Short answers to what Santa Barbara owners and buyers ask us, from our own closings and the current rules.

  • How many properties has the Golis Team sold in Santa Barbara?

    Since 2003, we have closed 193 transactions in Santa Barbara, totaling 1,617 units. The most recent closed in October 2026.

  • What do apartment buildings sell for in Santa Barbara?

    Santa Barbara is part of the Santa Barbara South County submarket, where apartment buildings averaged $425,624 per door at a 4.93% average cap rate across 20 sales in 2025 (Radius proprietary research). Our most recent apartment sale there was 1011 Laguna St, 8 units, at $2,500,000 in October 2026. A broker opinion of value prices a specific building against current comparables.

  • Does Santa Barbara have rent control?

    Yes. The City Council gave final approval to rent stabilization on October 6, 2026. The ordinance adds Chapters 26.90 (rent stabilization) and 26.100 (rental registry) to the Municipal Code and takes effect November 5, 2026, unless a referendum petition is filed first. Signature gathering is under way. (Summary as of October 17, 2026; not legal advice.)

  • Which market report covers Santa Barbara?

    Santa Barbara is part of our Santa Barbara South County report, which has the submarket's 2025 cap rate, price per door and volume, its Q4 2025 vacancy, and our commentary on where the market is heading.

  • Can I get a confidential valuation of my Santa Barbara apartment building?

    Yes. A broker opinion of value from the Golis Team is free and confidential, with no obligation to list. It is built on our own closed sales and current rents. Request one at https://www.centralcoastmultifamily.com/apartment-building-valuation or call 805-728-5561.

Own an apartment building in Santa Barbara?

A broker opinion of value is free and confidential, with no obligation to list. We price it against our own closings and current rents, and walk you through the number.

Request a valuation Call 805-728-5561