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6 E Valerio St
For Sale $5,995,000 ($2,509.42 per Sq Ft)
$5,995,000 ($2,509.42 per Sq Ft)
- 5 Units
- 2,389 Sq Ft
- 3,049 Sq Ft
- Unknown Cap Rate
Description
Nestled in the heart of downtown Santa Barbara, Casa Valerio blends classic charm with modern sophistication. This extensively remodeled mixed-use property offers both residential comfort and exceptional investment potential. The second-floor residence spans +/-1,406 square feet and features 3 bedrooms, 2 bathrooms, a two-car garage, and two private decks, perfect for enjoying Santa Barbara's ideal weather. The first-floor houses four permitted short-term rental units, providing a lucrative opportunity in the city's vibrant downtown core. Just blocks from the bustling restaurant and theatre district, residents and guests can enjoy the best of Santa Barbara's culinary and cultural scene. Additional nearby attractions include the weekly Farmers Markets, the County Courthouse, Paseo Nuevo, the Mission and Rose Garden, Alice Keck Park, Alameda Park, the Santa Barbara Bowl, and downtown Santa Barbara. Casa Valerio offers a combination of prime location, modern upgrades, and versatile living spaces, making it a standout property for owners, tenants, and visitors alike.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,995,000 |
| Property Type | Multi-Family |
| Usable Sqft | 2,389 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 027182002 |
| MLS # | 25580693 |
| Property ID | 322116103 |
| Lot Sqft | 3,049 |
| Zoning | C-2 |
| Total Units | 5 |
| Days on Market | 126 |
| Original List Price | $5,995,000 |
| Date Updated | November 17, 2025 |
| Date Created | August 26, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $8,006 | $32,026 |
| Gross Income (Yr) | $ 384,322 |
| Operating Expenses | $ 137,569 |
| Net Income (Yr) | $ 201,249 |
| Cap Rate | 4.90% |
Listing Provided By
Stephen Epstein an agent of . Lic #00994429
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Robert Crawford
REAL ESTATE AGENT