1124 Castillo St Santa Barbara, CA 93101
Estimated payment $29,043/month
Highlights
- Property is near an ocean
- Property is near a park
- Laundry Room
- Santa Barbara Senior High School Rated A-
- Patio
- Wheelchair Access
About This Home
Villa Castillo is a five-suite boutique short-term vacation rental property in downtown Santa Barbara, a half-mile to State Street and moments from the famed Funk Zone and white sand beaches. One of only a few fully permitted short term rental properties allowed in the downtown area, Villa Castillo was completed in May of 2020 with great attention to detail and has been meticulously maintained by the current owner. It offers a unique opportunity for investors looking to capitalize on the approximately 7.2 million visitors to Santa Barbara. The property consists of two large 2BD/2BA suites, each with a full kitchen and their own private laundry, plus three studio
suites, each with their own kitchenette and a shared laundry facility. All suites offer plentiful natural light, high ceilings and modern, fully renovated interiors. Amenities include high-speed
internet access, air conditioning, BBQs and Tesla charging station.
This is a turnkey opportunity for the investor looking to expand
their short-term rental portfolio or for a buyer looking for their
pied-à-terre in Santa Barbara that not only supports their ownership
costs but generates income on their investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,068
Year Built
- Built in 2020
Lot Details
- 10,558 Sq Ft Lot
- Property is in excellent condition
Interior Spaces
- 3,459 Sq Ft Home
- 1-Story Property
- Vinyl Plank Flooring
- Fire Sprinkler System
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Accessible Home Design
- Wheelchair Access
Outdoor Features
- Property is near an ocean
- Patio
Location
- Property is near a park
- Property is near public transit
- Property near a hospital
- Property is near shops
- Property is near a bus stop
Schools
- Cla Elementary And Middle School
- Cla High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- 5 Units
- 15 Or 20 Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 039-212-035
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $37,068 | $3,432,300 | $1,122,000 | $2,310,300 |
| 2022 | $35,772 | $3,365,000 | $1,100,000 | $2,265,000 |
| 2021 | $14,238 | $1,340,140 | $1,025,414 | $314,726 |
| 2020 | $13,945 | $1,311,400 | $1,014,900 | $296,500 |
| 2019 | $11,416 | $1,070,000 | $995,000 | $75,000 |
| 2018 | $51 | $1,077,733 | $567,229 | $510,504 |
| 2017 | $49 | $1,056,602 | $556,107 | $500,495 |
| 2016 | $48 | $1,043,235 | $545,203 | $498,032 |
| 2014 | $47 | $1,016,110 | $526,495 | $489,615 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/06/2025 03/06/25 | For Sale | $4,650,000 | -- | $1,344 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,465,000 | First American Title Company | |
| Grant Deed | $1,070,000 | Fidelity National Title Co | |
| Grant Deed | $596,000 | First American Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,292,250 | Commercial | |
| Previous Owner | $1,300,000 | Commercial | |
| Previous Owner | $550,000 | Construction | |
| Previous Owner | $550,000 | New Conventional | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $500,000 | Credit Line Revolving |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-953
APN: 039-212-035
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.
- 1119 Bath St
- 327 W Figueroa St
- 327 W Figueroa St Unit A & B
- 1109 Bath St
- 1227 De la Vina St Unit C
- 526 San Pascual St
- 1221 Chapala St
- 921 San Pascual St
- 0 Rebecca St Unit SR25005069
- 1420 De la Vina St
- 731 Bath St
- 720 De la Vina St
- 523 W Ortega St
- 715 W Arrellaga St
- 848 Miramonte Dr
- 917 W Victoria St
- 1709 San Pascual St
- 519 Brinkerhoff Ave
- 517 Brinkerhoff Ave
- 810 W Arrellaga St