1
Bath
5,555 Sq. Ft.
$891 / Sq. Ft.
5,555
Sq. Ft.
$891
per Sq. Ft.

Description

Bath Street Flats is a boutique multifamily investment located in one of Santa Barbara's most supply-constrained downtown submarkets, offering hands-off ownership and durable cash flow. Situated just two blocks from the Santa Barbara Public Market and minutes from the Theatre District, the property benefits from consistent tenant demand, strong rental performance, and full occupancy. The asset has been meaningfully repositioned, allowing a new owner to step into a fully stabilized investment with...Bath Street Flats is a boutique multifamily investment located in one of Santa Barbara's most supply-constrained downtown submarkets, offering hands-off ownership and durable cash flow. Situated just two blocks from the Santa Barbara Public Market and minutes from the Theatre District, the property benefits from consistent tenant demand, strong rental performance, and full occupancy. The asset has been meaningfully repositioned, allowing a new owner to step into a fully stabilized investment with limited near-term capital exposure and current income of $30,250 per month. With high barriers to entry and limited turnover, the property is ideally suited for a 1031 exchange buyer, private investor, or family office seeking stable income and long-term capital preservation in Santa Barbara. A newly constructed ADU (2022) adds additional value, while off-street parking and a modernized on-site laundry facility further enhance tenant convenience. This is a well stabilized investment opportunity, ideal for a 1031 exchange or long-term hold. With its unbeatable downtown location, consistent rental demand, and exceptional curb appeal, Bath Street Flats stands out as an ideal option for a hands-off investor.
  1. Listed by Jonathan Standring • DRE #01893163 • Beachside Partners

Property Details for 1416 Bath Street

Style
Victorian
Living Area
5555
Area
Santa Barbara (VC81)
Lot Size Area
10454
Home owner Dues
$0
Assessor Parcel Number
039-061-022
Directions
Exit Bath Street in Santa Barbara off 101
LISTING UPDATED: 01/11/2026 09:31 PM

Property Details for 1416 Bath Street

StatusActive
MLS #V1-34044VC
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1889
CountySanta Barbara County

Location

Listing Courtesy of Beachside Partners, Jonathan Standring, DRE #01893163
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Building Information for 1416 Bath Street

Building/Complex1416 Bath StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1889Building Size-

Payment Calculator

$26,621 per month

30 year fixed, 6.15% Interest

Principal and Interest

$24,125

Property Taxes

$2,496

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1416 Bath Street

Community / Development
Community / Development
  • Community Features: Biking, Sidewalks, Curbs
  • Community Features: Biking, Sidewalks, Curbs
  • Builders Tract Name: Not Applicable
  • Builders Tract Code: Not Applicable
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Public Records
  • Number Of Stories: 2
  • View: Yes
  • Guest House: None
  • Security Features: Exterior Security Lights, Smoke Detector
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: Public Sewer
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $259,386.00
  • Gross Scheduled Income: $363,000
  • Cap Rate: 5.22%
  • Gross Rent Multiplier: $13.80
  • Monthly GrossI Income: $363,000.00
  • Vacancy Allow Dollar: $2.00
  • Total Annual Expense: 104617
  • Water Expense: $2,840.00
  • Gas Expense: $1,870
  • Electric Expense: $1,057.00
  • Trash Expense: $4,060.00
  • Insurance Expense: $5,298
  • Expense Operating: $98,181.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Lot Acreage: 0.0
  • Telephone: 0.0
  • Cable: 0.0
  • Assessments: None
Parking Details
Parking Details
  • Total Parking: 8
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
Interior Features
Interior Features
  • Cooling: Central, Zoned
  • Cooling Type: Central, Zoned
  • Heating: Central, Combination, Ductless, Forced Air, Zoned
  • Heating Type: Central, Combination, Ductless, Forced Air, Zoned
  • Common Walls: Detached/No Common Walls
  • Laundry: In Closet, Laundry Area, Laundry Closet Stacked, Room, Stackable W/D Hookup, Washer, Washer Included
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Roof: Other
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange/Trade
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,875.00
  • Unit Actual Rent: $3,875.00
  • Unit Projected Rent: $3,875.00
Unit Details
  • Unit Type Type: 2106
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
  • Number Leased: 8
  • Number Water Meters: 5

Property History for 1416 Bath Street

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

CRMLS #V1-34044

$4,950,000—
Jan 7, 2026

Listed (Active)

Santa Barbara AOR #26-66

$4,950,000—
Nov 26, 2025

Permanently Off Market

CRMLS #V1-32789

$5,275,000—
Nov 26, 2025

Permanently Off Market

CLAW #V1-32789VC

—
Nov 25, 2025

Permanently Off Market

Santa Barbara AOR #25-3721

$5,275,000—
Oct 22, 2025

Price Change

CLAW #V1-32789VC

$5,275,000—
Oct 10, 2025

Listed (Active)

CRMLS #V1-32789

$5,575,000—
Oct 9, 2025

Listed (Active)

VCF #V1-32789

$5,575,000—
Oct 9, 2025

Listed (Active)

CLAW #V1-32789VC

$5,575,000—
Oct 6, 2025

Listed (Active)

Santa Barbara AOR #25-3721

$5,575,000—
Jan 1, 2025

Listed (Active)

CLAW #V1-34044VC

$4,950,000—
May 26, 2017

Sold (Public Record)

Public Record #604769488

$2,340,000—
DateEvent & SourcePrice
01/12/2026

Listed (Active)

CRMLS #V1-34044

$4,950,000
01/07/2026

Listed (Active)

Santa Barbara AOR #26-66

$4,950,000
11/26/2025

Permanently Off Market

CRMLS #V1-32789

$5,275,000
11/26/2025

Permanently Off Market

CLAW #V1-32789VC

—
11/25/2025

Permanently Off Market

Santa Barbara AOR #25-3721

$5,275,000
10/22/2025

Price Change

CLAW #V1-32789VC

$5,275,000
10/10/2025

Listed (Active)

CRMLS #V1-32789

$5,575,000
10/09/2025

Listed (Active)

VCF #V1-32789

$5,575,000
10/09/2025

Listed (Active)

CLAW #V1-32789VC

$5,575,000
10/06/2025

Listed (Active)

Santa Barbara AOR #25-3721

$5,575,000
01/01/2025

Listed (Active)

CLAW #V1-34044VC

$4,950,000
05/26/2017

Sold (Public Record)

Public Record #604769488

$2,340,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1416 Bath Street

Taxable ValueLand$1,308,501Additions$1,526,077Total$2,834,578
Tax Record2025$29,948 ($2,496 / month)
Home Facts
Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN039-061-022

Schools near 1416 Bath Street

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Santa Barbara Community Academy
PublicK to 6

Santa Barbara Junior High School
Public7 to 8

Santa Barbara Senior High School
Public9 to 12

La Cuesta Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1416 Bath Street is a multi-family home for sale in Santa Barbara, CA 93101. This property was listed for sale on January 1, 2025 by Beachside Partners, it's currently listed at $4,950,000. It has been on the market for a total of 39 days and was last sold on May 26, 2017. This listing's school district is Santa Barbara Unified School District. Nearby schools include Santa Barbara Community Academy, Santa Barbara Junior High School and Santa Barbara Senior High School. 1416 Bath Street is a 1-bed, 1-bath, 5,555 sqft multi-family home built in 1889.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beachside Partners, Jonathan Standring, DRE #01893163

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.