228 W Alamar Ave, Santa Barbara, CA, 93105
About This Home
Rare opportunity to acquire an 11-unit apartment building in one of Santa Barbara's most desirable rental locations. Ideally situated approximately .7 miles from Cottage Hospital and approximately .4 miles from Trader Joe's, this centrally located property offers convenient access to the De La Vina Corridor, downtown Santa Barara, waterfront beaches, shopping and major freeways. Your tenants can enjoy the benefits of living in a vibrant Santa Barbara neighborhood with convenient access to dining, coffee shops, outdoor recreation, parks, scenic beaches and a desirable coastal climate. Consisting of 11 units, 3 x 2 bedroom/ 1 bath units, 4 x 1 bedroom/1 bath units and 4 studios (one without kitchen).
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1964
Materials
- Foundation: Slab,Mixed
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Bldg
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 11
Features
- Flooring: Carpet
Heating & Cooling
- Heating features: Electric
- Cooling features: None
Interior Area
- Total interior livable area: 6,500 sqft
Property
Details
- Parcel number: 051213010
- Zoning: Other
Lot
- Lot size: 0.29 Acres
- Features: Near Public Transit
Parking
- Total spaces: 11
- Parking features: Carport,Garage
- Attached garage spaces: 2
- Covered spaces: 10
- Has uncovered spaces: Yes
- Uncovered spaces: 1
- Carport: Yes
- Carport spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,226 | $242,712 |
| Home Insurance * | $450 | $5,400 |
| Property Taxes | $1,966 | $23,592 |
| Electricity | $1,393 | $16,726 |
| Total | $24,035 | $288,420 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $4,000,000 |
For Sale by Agent
View on Zillow