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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 81.1% at a $496 ADR and a 7.0% 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.

Highlights

  • Residential Income
  • Built in 1930
  • 56 days on Market

  • Year Built
    1930
  • Parking Features
    Outside
  • Living Area
    3459.0
  • Flooring
    Wood
  • Security Features
    Security System, Fire Alarm
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas

  • Lot Features
    Near Public Transit

  • Area
    20 - SB/WEST OF STATE
  • County
    Santa Barbara
  • City
    Santa Barbara
  • Neighborhood
    15 or 20 - Downtown
  • Zip Code
    93101
  • High School
    CLA
  • Elementary School
    CLA

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Frequently Asked Questions

How do I schedule a tour of ?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to .

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How do I get more information about ?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $4,600,000. We can talk through recent upgrades, potential seller motivation, how this residential income compares to others in Santa Barbara, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for ?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for at around $26,177. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy ?

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Or, let us connect you with our preferred local lender in Santa Barbara County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for ?

In most cases, yes. Whether is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Santa Barbara's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on ?

We can handle that for you. Our preferred local agent specializes in residential incomes in Santa Barbara and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $4,600,000 with 3,459 sqft of space—that comes out to approximately $1,330 per square foot.

How long has this property been on the market?

was listed on September 18, 2026, which means it's been on the market for 56 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1930, making it approximately 96 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: CLA
  • High: CLA

Want to see how these schools compare? Check out our Santa Barbara County School Guide to see ratings, reviews, and more for the schools in the area.

Is still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Santa Barbara Association of REALTORS®. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Berkshire Hathaway HomeServices California Properties shall be responsible for any typographical errors, misinformation, or misprints. Information deemed reliable but not guaranteed. Copyright © 2026 Santa Barbara Multiple Listing Service. All Rights Reserved.

Last Updated: November 13, 2026 at 11:23PM | Source: Santa Barbara Multiple Listing Service | MLS#: 26-3148