1018 Garden St - Hospitality FOR SALE


Santa Barbara, CA 93101- Laguna
$7,600,000 USD
805-729-2912
1018 Garden St, Santa Barbara, CA for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/11
null | 6.03% Cap Rate

1018 Garden St
Santa Barbara, CA 93101
Laguna


HIGHLIGHTS

  • Premier Downtown Location
  • Clean and modern finishes
  • In-place professional management

OVERVIEW

Casa Jardin is a boutique 13-key hotel ideally positioned in the heart of Santa Barbara’s vibrant downtown, just blocks from State Street and its premier shopping, dining, and venues. Similar to a typical Short Term Rental property, Casa Jardin is a staffless and keyless hotel, making it a unique investment opportunity that delivers immediate and stabilized cash flow with in-place professional management. Additionally, each room is approved as a separate condominium, allowing for the potential to sell units individually and unlock additional future value. The asset has undergone a comprehensive rebuild within the past three years, including all new building systems, and features thoughtfully designed interiors with a clean, modern aesthetic. Each unit is pet-friendly, fully furnished, and outfitted with high-quality finishes, top-tier appliances, and amenities tailored to both short- and extended-stay guests. Price: $7,600,000 # of Keys: 13 Room Mix: 1 – 2BD/1BA w/ full kitchen (extended stay unit) 1 – 1BD/1BA w/ full kitchen (extended stay unit) 11 – Studio units w/ kitchenettes APN: 029-221-033 Lot Area: 9,583 +/- SF Building Area: 4,101 +/- SF Zoning: G-C (General Commercial) Year Renovated: 2023 Parking: 13 spaces w/ 8 EV chargers (paid Tesla app)

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$1,291 USD /SF

# OF ROOMS

13

PRICE/ROOM

$584,615 {currency}

CAP RATE

6.03%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Jardin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1964

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

G-C

APN/PARCEL ID

029-221-033

ASK ABOUT THIS PROPERTY

Christos CelmaysterHayes Commercial GroupMore Info
805-729-2912

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Christos CelmaysterHayes Commercial GroupMore Info
805-729-2912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.