Real Estate Investment Properties for Sale in Santa Barbara, CA

Looking for investment property in Santa Barbara, CA with high ROI ?

Explore a variety of short-term homes & houses in Santa Barbara, CA. Invest wisely with VRBO & Santa Barbara, CA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Santa Barbara, CA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
627 Romero Canyon Rd Santa Barbara, CA Tucked behind an understated wall of wood and stone sits a peaceful retreat exemplifying t...	4 beds \| 4 baths \| 2,441 sq.ft.	$3,995,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 0.18% Airbnb Rental Income: $1066 Traditional Rental Income: $7270 Airbnb ROI: -1.59% Traditional ROI: 0.18%
430 Alameda Padre Serra Santa Barbara, CA Enjoy the light show and drama of the city from sunrise to sunset to the twinkling lights ...	3 beds \| 4 baths \| 2,310 sq.ft.	$3,450,000	Airbnb cash on cash: -1.78% Traditional cash on cash: -0.07% Airbnb Rental Income: $241 Traditional Rental Income: $5490 Airbnb ROI: -1.78% Traditional ROI: -0.07%
3165 Eucalyptus Hill Road Santa Barbara, CA Behind private gates, this spacious Tudor-style residence offers a rare blend of classic c...	4 beds \| 4 baths \| 3,312 sq.ft.	$4,695,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 0.04% Airbnb Rental Income: $16523 Traditional Rental Income: $7916 Airbnb ROI: 1.34% Traditional ROI: 0.04%
1776 Eucalyptus Hill Road Santa Barbara, CA Perched atop the coveted Eucalyptus Hill neighborhood, this private estate is enveloped in...	4 beds \| 5 baths \| 8,944 sq.ft.	$4,975,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 0.58% Airbnb Rental Income: $16523 Traditional Rental Income: $10878 Airbnb ROI: 1.17% Traditional ROI: 0.58%
878 Paseo Ferrelo Santa Barbara, CA 878 Paseo Ferrelo, Santa Barbara, CA 93103 \| Single Family Residential	2 beds \| 2 baths \| 1,348 sq.ft.	$3,379,000	Airbnb cash on cash: -1.28% Traditional cash on cash: -0.6% Airbnb Rental Income: $2121 Traditional Rental Income: $3701 Airbnb ROI: -1.28% Traditional ROI: -0.6%
968 N Patterson Ave Santa Barbara, CA 968 N Patterson Ave, Santa Barbara, CA 93111 \| Single Family Residential	4 beds \| 3 baths \| 2,867 sq.ft.	$3,450,000	Airbnb cash on cash: 2.33% Traditional cash on cash: -0.07% Airbnb Rental Income: $16002 Traditional Rental Income: $5495 Airbnb ROI: 2.33% Traditional ROI: -0.07%
969 Miramonte Dr #5 Santa Barbara, CA Welcome to the best The Highlands have to offer! This highly sought after 2 bed 2 bath, 11...	2 beds \| 1 baths \| 1,120 sq.ft.	$940,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 0.83% Airbnb Rental Income: $3197 Traditional Rental Income: $2546 Airbnb ROI: 0.75% Traditional ROI: 0.83%
321 E Micheltorena Street Santa Barbara, CA Behind the timeless facade of a beautifully restored 1920s Craftsman lies one of Santa Bar...	7 beds \| N/A baths \| 1,598 sq.ft.	$3,875,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.12% Airbnb Rental Income: $null Traditional Rental Income: $3691 Airbnb ROI: N/A Traditional ROI: -0.12%
2727 Miradero Drive #104 Santa Barbara, CA A rare spacious 3bd/2ba end unit (NO STAIRS) that combines privacy, lots of natural light ...	3 beds \| 2 baths \| 1,404 sq.ft.	$1,035,000	Airbnb cash on cash: 4.57% Traditional cash on cash: 1.99% Airbnb Rental Income: $7236 Traditional Rental Income: $3355 Airbnb ROI: 4.57% Traditional ROI: 1.99%
751 Skyview Dr Santa Barbara, CA 751 Skyview Dr, Santa Barbara, CA 93108 \| Single Family Residential	4 beds \| 2 baths \| 2,498 sq.ft.	$3,390,000	Airbnb cash on cash: 2.54% Traditional cash on cash: -0.26% Airbnb Rental Income: $16523 Traditional Rental Income: $4787 Airbnb ROI: 2.54% Traditional ROI: -0.26%
915 Camino Medio Santa Barbara, CA 915 Camino Medio, Santa Barbara, CA 93110 \| Single Family Residential	5 beds \| 5 baths \| 4,203 sq.ft.	$10,995,000	Airbnb cash on cash: 0.06% Traditional cash on cash: -0.12% Airbnb Rental Income: $13493 Traditional Rental Income: $9251 Airbnb ROI: 0.06% Traditional ROI: -0.12%
2081 N San Marcos Rd Santa Barbara, CA As seen on the REAL HOUSEWIVES OF BEVERLY HILLS Spring 2020. A knoll-top location just min...	9 beds \| 7 baths \| 6,145 sq.ft.	$3,795,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.95% Airbnb Rental Income: $null Traditional Rental Income: $11197 Airbnb ROI: N/A Traditional ROI: 1.95%
195 Sheffield Dr Santa Barbara, CA 195 Sheffield Dr, Santa Barbara, CA 93108 \| Single Family Residential	4 beds \| 4 baths \| 4,074 sq.ft.	$7,950,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 0.07% Airbnb Rental Income: $1066 Traditional Rental Income: $8216 Airbnb ROI: -0.95% Traditional ROI: 0.07%
340 Old Mill Rd #221 Santa Barbara, CA Fantastic corner lot location with mountain views, ideal for replacing with the new home o...	2 beds \| 2 baths \| 1,667 sq.ft.	$560,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.17% Airbnb Rental Income: $2353 Traditional Rental Income: $3399 Airbnb ROI: 2.06% Traditional ROI: 5.17%
850 Via Granada Santa Barbara, CA 850 Via Granada, Santa Barbara, CA 93103 \| Condo/Coop	2 beds \| 2 baths \| 1,877 sq.ft.	$1,695,000	Airbnb cash on cash: -1.23% Traditional cash on cash: 0.54% Airbnb Rental Income: $1396 Traditional Rental Income: $3756 Airbnb ROI: -1.23% Traditional ROI: 0.54%
1204 San Andres Street Santa Barbara, CA Two fully detached, private residences, ideal for long term investment, multi generational...	6 beds \| N/A baths \| N/A	$2,290,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.66% Airbnb Rental Income: $null Traditional Rental Income: $6938 Airbnb ROI: N/A Traditional ROI: 1.66%
1988 Inverness Ln Santa Barbara, CA Distinctive Mid-Century Modern home designed by Robert Garland AIA, famous for his moderni...	3 beds \| 3 baths \| 2,896 sq.ft.	$8,995,000	Airbnb cash on cash: -1.59% Traditional cash on cash: -1.08% Airbnb Rental Income: $1952 Traditional Rental Income: $5746 Airbnb ROI: -1.59% Traditional ROI: -1.08%
736 Calle de Los Amigos Santa Barbara, CA 736 Calle de Los Amigos, Santa Barbara, CA 93105 \| Single Family Residential	3 beds \| 2 baths \| 1,720 sq.ft.	$1,395,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 1.68% Airbnb Rental Income: $10274 Traditional Rental Income: $4084 Airbnb ROI: 4.99% Traditional ROI: 1.68%
252 E Mountain Dr Santa Barbara, CA Build your Dream Home with Unobstructed Ocean & Island Views. Wake up to looking up & down...	N/A beds \| N/A baths \| N/A	$1,649,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.97% Airbnb Rental Income: $2131 Traditional Rental Income: $3302 Airbnb ROI: -0.15% Traditional ROI: 0.97%
3724 State Street #207 Santa Barbara, CA Bright Sophisticated Single-Level Luxury Condo at Estancia. Beautifully designed and artfu...	2 beds \| 2 baths \| 1,451 sq.ft.	$1,649,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 1.01% Airbnb Rental Income: $2206 Traditional Rental Income: $4437 Airbnb ROI: -0.81% Traditional ROI: 1.01%
1932 N Jameson Ln #B Santa Barbara, CA In a town where beauty and intention go hand in hand, this 3-bedroom Montecito condo offer...	3 beds \| 2 baths \| 1,258 sq.ft.	$1,599,950	Airbnb cash on cash: -1.45% Traditional cash on cash: -0.45% Airbnb Rental Income: $1952 Traditional Rental Income: $2926 Airbnb ROI: -1.45% Traditional ROI: -0.45%
1035 Coyote Rd Santa Barbara, CA Charm and character galore in this rustic 1970's Adobe pied de terre. The character shines...	3 beds \| 3 baths \| 2,476 sq.ft.	$3,195,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 0.26% Airbnb Rental Income: $3521 Traditional Rental Income: $4372 Airbnb ROI: -0.29% Traditional ROI: 0.26%
1611 Castillo St Santa Barbara, CA Tri-Plex close to downtown with development potential for additional units on this 16,988 ...	5 beds \| 3 baths \| 2,122 sq.ft.	$2,995,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 0.4% Airbnb Rental Income: $7532 Traditional Rental Income: $4150 Airbnb ROI: 1.1% Traditional ROI: 0.4%
3137 Lucinda Ln Santa Barbara, CA An exceptional mid-century modern home is now available in the desirable San Roque communi...	4 beds \| 3 baths \| 2,129 sq.ft.	$2,595,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 0.74% Airbnb Rental Income: $10727 Traditional Rental Income: $4653 Airbnb ROI: 2.45% Traditional ROI: 0.74%
209 W Constance Avenue Santa Barbara, CA 209 W Constance is a beautifully reimagined Santa Barbara bungalow blending timeless archi...	2 beds \| N/A baths \| N/A	$1,595,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 0.33% Airbnb Rental Income: $6795 Traditional Rental Income: $3177 Airbnb ROI: 1.88% Traditional ROI: 0.33%
1352 Manitou Road Santa Barbara, CA This custom-built Santa Barbara home offers a rare combination of privacy, modern construc...	3 beds \| 3 baths \| 2,531 sq.ft.	$2,650,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 0.61% Airbnb Rental Income: $5645 Traditional Rental Income: $4982 Airbnb ROI: 0.42% Traditional ROI: 0.61%
5651 W Camino Cielo Santa Barbara, CA Set on 6.29+/- acres between Windemere Ranch and the Los Padres National Forest, this sere...	4 beds \| 3 baths \| N/A	$4,495,000	Airbnb cash on cash: 1.84% Traditional cash on cash: -0.1% Airbnb Rental Income: $16523 Traditional Rental Income: $5492 Airbnb ROI: 1.84% Traditional ROI: -0.1%
1144 Portesuello Ave Santa Barbara, CA This stunning mid-century modern home in Bel Air Knolls, redesigned and renovated just two...	4 beds \| 2 baths \| 1,815 sq.ft.	$3,095,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 0.9% Airbnb Rental Income: $4540 Traditional Rental Income: $7712 Airbnb ROI: -0.54% Traditional ROI: 0.9%
31 Cedar Ln Santa Barbara, CA A private oasis tucked away in Eucalyptus Hill, Cape Cod style with mountain and ocean vie...	3 beds \| 3 baths \| 2,588 sq.ft.	$3,350,000	Airbnb cash on cash: -1.78% Traditional cash on cash: 0.13% Airbnb Rental Income: $241 Traditional Rental Income: $5935 Airbnb ROI: -1.78% Traditional ROI: 0.13%
1460 Twinridge Rd Santa Barbara, CA A stunning contemporary split level with spectacular island, ocean and mountain views is l...	4 beds \| 4 baths \| 4,366 sq.ft.	$3,795,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 0.58% Airbnb Rental Income: $16002 Traditional Rental Income: $8313 Airbnb ROI: 1.95% Traditional ROI: 0.58%
945 Ward Drive #Spc 130 Santa Barbara, CA Located in the highly desirable Rancho Goleta community, this well-maintained 3 bed, 2 bat...	3 beds \| 2 baths \| 1,566 sq.ft.	$819,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 3.52% Airbnb Rental Income: $4057 Traditional Rental Income: $4121 Airbnb ROI: 2.31% Traditional ROI: 3.52%
9 E Quinto St Santa Barbara, CA This quintessential Santa Barbara home sits behind a sandstone wall & under a red tile roo...	3 beds \| 2 baths \| 2,157 sq.ft.	$3,195,000	Airbnb cash on cash: -1.43% Traditional cash on cash: -0.37% Airbnb Rental Income: $1512 Traditional Rental Income: $4190 Airbnb ROI: -1.43% Traditional ROI: -0.37%
1590 San Roque Rd Santa Barbara, CA As you come around the bend by Reservoir and see La Cumbre Peak, you definitely become rel...	3 beds \| 2 baths \| 1,667 sq.ft.	$4,295,000	Airbnb cash on cash: 0.42% Traditional cash on cash: -0.73% Airbnb Rental Income: $10722 Traditional Rental Income: $4177 Airbnb ROI: 0.42% Traditional ROI: -0.73%
340 Old Mill Rd #152 Santa Barbara, CA San Vicente, a gated community for adults 55+, with a year-round heated pool & spa, tennis...	2 beds \| 2 baths \| 1,365 sq.ft.	$645,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.78% Airbnb Rental Income: $2353 Traditional Rental Income: $4026 Airbnb ROI: 1.03% Traditional ROI: 4.78%
208 S Voluntario St Santa Barbara, CA Possibilities galore! Zoned R-M. First time on the market since the 1950s! Original hardwo...	3 beds \| 3 baths \| 1,760 sq.ft.	$1,550,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 1.93% Airbnb Rental Income: $4575 Traditional Rental Income: $4378 Airbnb ROI: 1.4% Traditional ROI: 1.93%
2919 Kenmore Pl Santa Barbara, CA PROBATE SALE ! AGGRESSIVELY PRICED !! NO COURT CONFIRMATION NEEDED !!! Panoramic Ocean & C...	3 beds \| 2 baths \| 1,552 sq.ft.	$2,499,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 2.37% Airbnb Rental Income: $7236 Traditional Rental Income: $8385 Airbnb ROI: 1.27% Traditional ROI: 2.37%
1312 Shoreline Dr Santa Barbara, CA	4 beds \| 2 baths \| 3,100 sq.ft.	$7,650,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 0.1% Airbnb Rental Income: $2311 Traditional Rental Income: $11417 Airbnb ROI: -1.27% Traditional ROI: 0.1%
4156 Vista Clara Rd Santa Barbara, CA Horse property! Enjoy the country life just a couple minutes from major Santa Barbara shop...	5 beds \| 3 baths \| 2,112 sq.ft.	$2,665,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.12% Airbnb Rental Income: $null Traditional Rental Income: $6527 Airbnb ROI: N/A Traditional ROI: 1.12%

Real Estate investment in Santa-barbara, CA

There are 281 properties for sale in the city of Santa Barbara . The median list price in Santa Barbara is $1,908,858 and the average price per square foot is $651. In July 2026, the average monthly cash on cash return in Santa Barbara is N/A%. The average monthly rental income in Santa Barbara is $4,031.

Santa-barbara, CA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 281 investment properties available for sale in Santa-barbara.

In 2026, the best neighborhood to buy investment property is Westside.

The ROI for Long-Term is higher than the Short-Term in Santa-barbara with average rental income of $4,031.

Your search for investment property begins and ends here

Investment Property for Sale in Santa Barbara, CA

627 Romero Canyon Rd

Santa Barbara, CA

4 beds | 4 baths | 2,441 sq.ft.

$3,995,000

Airbnb cash on cash: -1.59%

Traditional cash on cash: 0.18%

Airbnb Rental Income: $1066

Traditional Rental Income: $7270

Airbnb ROI: -1.59%

Traditional ROI: 0.18%

430 Alameda Padre Serra

Santa Barbara, CA

3 beds | 4 baths | 2,310 sq.ft.

$3,450,000

Airbnb cash on cash: -1.78%

Traditional cash on cash: -0.07%

Airbnb Rental Income: $241

Traditional Rental Income: $5490

Airbnb ROI: -1.78%

Traditional ROI: -0.07%

3165 Eucalyptus Hill Road

Santa Barbara, CA

4 beds | 4 baths | 3,312 sq.ft.

$4,695,000

Airbnb cash on cash: 1.34%

Traditional cash on cash: 0.04%

Airbnb Rental Income: $16523

Traditional Rental Income: $7916

Airbnb ROI: 1.34%

Traditional ROI: 0.04%

1776 Eucalyptus Hill Road

Santa Barbara, CA

4 beds | 5 baths | 8,944 sq.ft.

$4,975,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 0.58%

Airbnb Rental Income: $16523

Traditional Rental Income: $10878

Airbnb ROI: 1.17%

Traditional ROI: 0.58%

878 Paseo Ferrelo

Santa Barbara, CA

2 beds | 2 baths | 1,348 sq.ft.

$3,379,000

Airbnb cash on cash: -1.28%

Traditional cash on cash: -0.6%

Airbnb Rental Income: $2121

Traditional Rental Income: $3701

Airbnb ROI: -1.28%

Traditional ROI: -0.6%

968 N Patterson Ave

Santa Barbara, CA

4 beds | 3 baths | 2,867 sq.ft.

$3,450,000

Airbnb cash on cash: 2.33%

Traditional cash on cash: -0.07%

Airbnb Rental Income: $16002

Traditional Rental Income: $5495

Airbnb ROI: 2.33%

Traditional ROI: -0.07%

969 Miramonte Dr #5

Santa Barbara, CA

2 beds | 1 baths | 1,120 sq.ft.

$940,000

Airbnb cash on cash: 0.75%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $3197

Traditional Rental Income: $2546

Airbnb ROI: 0.75%

Traditional ROI: 0.83%

321 E Micheltorena Street

Santa Barbara, CA

7 beds | N/A baths | 1,598 sq.ft.

$3,875,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.12%

Airbnb Rental Income: $null

Traditional Rental Income: $3691

Airbnb ROI: N/A