Price Reduction
Address
1018 Garden Street, SANTA BARBARA, CA
Price
$ 7,100,000
Property Attributes
  • MLS#261582
  • TypeSingle Family
  • Listing Status Active
  • CountySanta Barbara
  • CitySANTA BARBARA
  • Area15 - SB-EAST OF STATE
  • Zip93101
  • Style
  • Price$ 7,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4101
  • Lot Size0.22 Acres
Data Source:
Santa Barbara MLS (SBAOR)
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.

Price History
5/13/2026 Listed $7,600,000
9/14/2026 7$7,100,000

General Features

Heating Forced Air
Cooling Central Air
Zoning C-2
Stories Count 2
Property Subtype Office
OwnerPays Other
Business Type Other
County Santa Barbara
New Construction false
Property Type Commercial Sale
Attached Garage false
Status Active
City SANTA BARBARA
MLS Area 15 - SB/EAST OF STATE
Lot Size Square Feet 9583
Property Condition Excellent
MLS Area Minor 15 - SB/EAST OF STATE
Standard Status Active

Interior Features

Air Conditioning Y/N true
Heating Y/N true

Exterior Features

Parking Features Other,Uncovrd
Lot Size Area 9583
Lot Size Acres 0.22

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 93101

Price
AVG $1.82M
$7.1M