Residential Income In Santa Barbara

Casa Castillo presents a rare opportunity to acquire a fully permitted, five-suite boutique hotel in the heart of downtown Santa Barbara. Ideally situated just half a mile from State Street and minutes from the vibrant Funk Zone, beaches, shopping, and an abundance of dining and entertainment options, the property offers an exceptional location in one of California’s most desirable coastal destinations. As one of a limited number of fully permitted short-term rental properties in Santa Barbara’s downtown core, Casa Castillo represents a unique opportunity to acquire a turnkey hospitality investment with an established operating platform and attractive cash flow. Occupancy of 80% at a $496 ADR and a 6.5% Cap Rate 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 and capitalize on the approximately 7.2 million visitors to Santa Barbara, 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.