1018 Garden Street, Santa Barbara, CA 93101
- $7,600,000
- 4,101
- SqFt
- List Price
- $7,600,000
- Status
- ACTIVE
- MLS#
- 26-1585
- Living Area
- 4,101
- Lot Size
- 9,583
- Region
- SB/EAST OF STATE
- Year Built
- 23
Property Description
An exceptional opportunity to acquire Casa Jardin, a boutique 13-key hotel ideally positioned in the heart of Santa Barbara's vibrant downtown. Located just blocks from State Street and moments from premier shopping, dining, wine bars, parks, music venues, the Santa Barbara Bowl, and the Funk Zone, the property offers both immediate income and long-term strategic upside. Casa Jardin was designed and has been operated as a staffless and keyless hotel similar to your typical Short Term Rental property 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. Operations are seamlessly handled by ZenStay, a proven hospitality operator providing full-service management--from dynamic pricing and reservations to guest services, housekeeping, and maintenance. Their platform ensures institutional-quality oversight with transparent financial reporting, allowing for a truly passive ownership experience. Casa Jardin represents a rare blend of income, lifestyle, and future optionality in one of California's most supply constrained coastal markets.
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Additional Information
- Elementary School
- Roosevelt
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.22
- Capitalization Rate
- 6.03%
- Handicapped Access
- Customized Wheelchair Accessible, Accessible Approach with Ramp, Wide Doors, Bathroom Fixtures, Other
- Laundry
- Some
- Living Area
- 4,101
- Lot Size
- 9,583
- Neighborhood
- or 20 - Downtown
- Pets
- Yes
- Region
- SB/EAST OF STATE
- Terms
- Cash
- Units
- 13
- Zoning
- C-2
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Listing courtesy of Hayes Commercial Group.