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
125 W Mountain Drive Santa Barbara, CA Modern Hilltop Retreat with Iconic Views - Owned by Christopher Lloyd. Resting above Monte...	3 beds \| 4 baths \| 2,301 sq.ft.	$6,385,000	Airbnb cash on cash: -0.6% Traditional cash on cash: -0.86% Airbnb Rental Income: $8551 Traditional Rental Income: $5396 Airbnb ROI: -0.6% Traditional ROI: -0.86%
512 E Islay Street Santa Barbara, CA Upper East Vintage Cottage \| Timeless Charm with a Garden Sanctuary - Step back in time wi...	2 beds \| 2 baths \| 856 sq.ft.	$1,595,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 0.47% Airbnb Rental Income: $6453 Traditional Rental Income: $3389 Airbnb ROI: 1.68% Traditional ROI: 0.47%
5325 Plunkett Lane Santa Barbara, CA Enjoy luxury living with panoramic mountain vistas in this stunning contemporary residence...	3 beds \| 4 baths \| 4,302 sq.ft.	$3,250,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 0.25% Airbnb Rental Income: $8851 Traditional Rental Income: $6157 Airbnb ROI: 0.59% Traditional ROI: 0.25%
11 La Cumbre Circle Santa Barbara, CA Welcome to Casa La Cumbre. You will enjoy the updated floor plan of this beautiful move in...	2 beds \| 2 baths \| 1,092 sq.ft.	$1,245,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 0.81% Airbnb Rental Income: $6148 Traditional Rental Income: $3088 Airbnb ROI: 2.4% Traditional ROI: 0.81%
637 E Micheltorena Street Santa Barbara, CA Captivating Spanish Colonial Gem with Stunning Views Discover a harmonious blend of timele...	4 beds \| 4 baths \| 3,080 sq.ft.	$2,900,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 0.71% Airbnb Rental Income: $16523 Traditional Rental Income: $6423 Airbnb ROI: 3.37% Traditional ROI: 0.71%
913 W Victoria Street Santa Barbara, CA Located in one of Santa Barbara's most desirable neighborhoods, this light-filled 2-bedroo...	2 beds \| N/A baths \| 1,303 sq.ft.	$1,695,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 1% Airbnb Rental Income: $7332 Traditional Rental Income: $4010 Airbnb ROI: 2.21% Traditional ROI: 1%
30 S Salinas Street #B Santa Barbara, CA Picture stepping through the front door and feeling your shoulders drop as the world outsi...	3 beds \| 1 baths \| 1,090 sq.ft.	$1,225,000	Airbnb cash on cash: 3.26% Traditional cash on cash: 0.48% Airbnb Rental Income: $7868 Traditional Rental Income: $3194 Airbnb ROI: 3.26% Traditional ROI: 0.48%
105 W De La Guerra Street unit: S #S Santa Barbara, CA Located just steps from State Street and directly across from Paseo Nuevo Mall, this sophi...	2 beds \| 3 baths \| 1,728 sq.ft.	$2,095,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 0.52% Airbnb Rental Income: $8021 Traditional Rental Income: $4095 Airbnb ROI: 1.76% Traditional ROI: 0.52%
3736 State Street unit: 109 #109 Santa Barbara, CA Discover effortless luxury living at Estancia in this 2-bed, 2.5-bath turn-key residence, ...	2 beds \| 3 baths \| 1,535 sq.ft.	$1,645,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 2.49% Airbnb Rental Income: $5835 Traditional Rental Income: $5900 Airbnb ROI: 1.69% Traditional ROI: 2.49%
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	$4,750,000	Airbnb cash on cash: 0.75% Traditional cash on cash: -0.15% Airbnb Rental Income: $11545 Traditional Rental Income: $5492 Airbnb ROI: 0.75% Traditional ROI: -0.15%
228 W Yanonali Street Santa Barbara, CA Welcome to Casa Playa, a freestanding Spanish Colonial-style retreat in Santa Barbara's so...	3 beds \| 3 baths \| 2,148 sq.ft.	$3,675,000	Airbnb cash on cash: 0.13% Traditional cash on cash: -0.32% Airbnb Rental Income: $7544 Traditional Rental Income: $4565 Airbnb ROI: 0.13% Traditional ROI: -0.32%
2082 Las Canoas Road Santa Barbara, CA Thoughtfully designed and skillfully constructed, this brand new four-bedroom, five-bathro...	4 beds \| 5 baths \| 5,100 sq.ft.	$5,495,000	Airbnb cash on cash: -0.45% Traditional cash on cash: -0.03% Airbnb Rental Income: $8305 Traditional Rental Income: $8892 Airbnb ROI: -0.45% Traditional ROI: -0.03%
60 Seaview Drive Santa Barbara, CA Immerse yourself in coastal luxury with this meticulously reimagined seaside condo, where ...	2 beds \| 2 baths \| 1,724 sq.ft.	$3,995,000	Airbnb cash on cash: 0.15% Traditional cash on cash: -0.86% Airbnb Rental Income: $8992 Traditional Rental Income: $3586 Airbnb ROI: 0.15% Traditional ROI: -0.86%
1260 Ferrelo Road Santa Barbara, CA Wonderfully priced and newly reimagined, 1260 Ferrelo is ready for you to enjoy! Rarely do...	4 beds \| 3 baths \| 2,200 sq.ft.	$3,250,000	Airbnb cash on cash: 1.7% Traditional cash on cash: -0.33% Airbnb Rental Income: $12825 Traditional Rental Income: $4400 Airbnb ROI: 1.7% Traditional ROI: -0.33%
15 Fremont Lane Santa Barbara, CA Escape to this beautifully updated 3-bedroom, 1.25-bath cabin nestled in the peaceful Los ...	3 beds \| 2 baths \| 1,150 sq.ft.	$605,000	Airbnb cash on cash: 6.51% Traditional cash on cash: 6.88% Airbnb Rental Income: $5938 Traditional Rental Income: $4969 Airbnb ROI: 6.51% Traditional ROI: 6.88%
269 Por La Mar Circle Santa Barbara, CA Discover unparalleled living in this fully furnished top-floor 2 bedroom 2 bathroom condo,...	2 beds \| 2 baths \| 913 sq.ft.	$1,469,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 0.22% Airbnb Rental Income: $7532 Traditional Rental Income: $2782 Airbnb ROI: 2.64% Traditional ROI: 0.22%
223 La Vista Grande Santa Barbara, CA Nestled high up on a knoll within one of Santa Barbara's most sought after neighborhoods, ...	4 beds \| 3 baths \| 2,660 sq.ft.	$2,895,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 1.91% Airbnb Rental Income: $16523 Traditional Rental Income: $8505 Airbnb ROI: 3.8% Traditional ROI: 1.91%
4400 Via Abrigada Santa Barbara, CA 4400 Via Abrigada, a remarkable offering nestled within Santa Barbara's esteemed Hope Ranc...	4 beds \| 6 baths \| 7,265 sq.ft.	$66,000,000	Airbnb cash on cash: -0.86% Traditional cash on cash: -0.83% Airbnb Rental Income: $11635 Traditional Rental Income: $11627 Airbnb ROI: -0.86% Traditional ROI: -0.83%
115 E Pedregosa Street Santa Barbara, CA Nestled in Santa Barbara's coveted Upper East, this 1913 Craftsman masterfully blends hist...	4 beds \| 4 baths \| 2,736 sq.ft.	$4,795,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 0.16% Airbnb Rental Income: $16523 Traditional Rental Income: $5781 Airbnb ROI: 1.91% Traditional ROI: 0.16%
1250 Bel Air Drive Santa Barbara, CA Experience the perfect blend of cutting-edge design, high-tech convenience, and laid-back ...	4 beds \| 5 baths \| 3,644 sq.ft.	$4,695,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 0.93% Airbnb Rental Income: $3606 Traditional Rental Income: $8832 Airbnb ROI: -0.45% Traditional ROI: 0.93%
1010 Portesuello Avenue Santa Barbara, CA Nestled on a knoll in the coveted Bel Air neighborhood on an acre lot & boasting panoramic...	3 beds \| 2 baths \| 2,603 sq.ft.	$2,895,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.63% Airbnb Rental Income: $4841 Traditional Rental Income: $7717 Airbnb ROI: 0.18% Traditional ROI: 1.63%
2636 Calle Real Santa Barbara, CA Welcome to this thoughtfully updated 3-bedroom, 2-bathroom home where timeless design meet...	4 beds \| 3 baths \| 1,318 sq.ft.	$1,295,000	Airbnb cash on cash: 6.51% Traditional cash on cash: 3.14% Airbnb Rental Income: $12527 Traditional Rental Income: $6184 Airbnb ROI: 6.51% Traditional ROI: 3.14%
6572 Stagecoach Road Santa Barbara, CA Welcome to Oak Knoll Ranch, a serene haven nestled just off the historic Stagecoach Road. ...	5 beds \| 4 baths \| N/A	$2,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.42% Airbnb Rental Income: $null Traditional Rental Income: $6438 Airbnb ROI: N/A Traditional ROI: 1.42%
767 Las Palmas Drive Santa Barbara, CA Step into the future of luxury living with this newly built Smart Home, tucked behind the ...	5 beds \| 6 baths \| 5,645 sq.ft.	$7,995,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.74% Airbnb Rental Income: $null Traditional Rental Income: $7594 Airbnb ROI: N/A Traditional ROI: -0.74%
0 Santa Barbara Harbor, Marina 3c, Slip St-13 Santa Barbara, CA It is here where the anchor drops. A one-of-a-kind masterpiece designed and rebuilt by a f...	2 beds \| 1 baths \| N/A	$2,750,000	Airbnb cash on cash: 0.8% Traditional cash on cash: -0.56% Airbnb Rental Income: $8164 Traditional Rental Income: $3131 Airbnb ROI: 0.8% Traditional ROI: -0.56%
450 El Cielito Road Santa Barbara, CA Set on a gated, oak-studded acre with sweeping vistas of the Pacific Ocean, Channel Island...	4 beds \| 4 baths \| 5,215 sq.ft.	$4,995,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 0.46% Airbnb Rental Income: $8305 Traditional Rental Income: $10360 Airbnb ROI: -0.32% Traditional ROI: 0.46%
2600 Holly Road Santa Barbara, CA Santa Barbara living at its best! This Santa Barbara gem is nestled in the rolling hills o...	3 beds \| 3 baths \| 3,095 sq.ft.	$3,350,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 1.33% Airbnb Rental Income: $9042 Traditional Rental Income: $7877 Airbnb ROI: 1.16% Traditional ROI: 1.33%
1520 Willina Lane Santa Barbara, CA Welcome to this enchanting 2-bedroom, 2-bathroom cottage nestled in the highly sought-afte...	2 beds \| 2 baths \| 1,761 sq.ft.	$4,895,000	Airbnb cash on cash: 0.16% Traditional cash on cash: -0.37% Airbnb Rental Income: $8992 Traditional Rental Income: $4880 Airbnb ROI: 0.16% Traditional ROI: -0.37%
1090 Toro Canyon Road Santa Barbara, CA Take a romantic tree-lined drive up Toro Canyon and escape to ''Rancho Encantado,'' a sere...	5 beds \| 6 baths \| 5,628 sq.ft.	$4,500,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.34% Airbnb Rental Income: $null Traditional Rental Income: $8507 Airbnb ROI: N/A Traditional ROI: 0.34%
1826 Stanwood Dr Santa Barbara, CA Santa Barbara's Hidden Treasure A Rare Lifestyle & Investment Opportunity Discover an excl...	2 beds \| 1 baths \| 1,816 sq.ft.	$1,375,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 1.53% Airbnb Rental Income: $6372 Traditional Rental Income: $3422 Airbnb ROI: 2.86% Traditional ROI: 1.53%
613 Maria Ygnacia Lane Santa Barbara, CA Best kept secret with this rare offering on Maria Ygnacia Lane in Nolita. Spread across 16...	4 beds \| 5 baths \| 5,164 sq.ft.	$10,500,000	Airbnb cash on cash: -0.79% Traditional cash on cash: -1.03% Airbnb Rental Income: $11545 Traditional Rental Income: $7169 Airbnb ROI: -0.79% Traditional ROI: -1.03%
960 W Mountain Drive Santa Barbara, CA Ocean, island & mountain views! Located in a serene rural neighborhood, this 11 year new c...	3 beds \| 3 baths \| 2,484 sq.ft.	$3,495,000	Airbnb cash on cash: 0.36% Traditional cash on cash: -0.24% Airbnb Rental Income: $8551 Traditional Rental Income: $5000 Airbnb ROI: 0.36% Traditional ROI: -0.24%
1060 Tremonto Road Santa Barbara, CA Nestled on The American Riviera, this 4-bedroom, 3.5-bathroom Santa Barbara home offers +/...	4 beds \| 4 baths \| 3,060 sq.ft.	$2,995,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 0.4% Airbnb Rental Income: $12825 Traditional Rental Income: $6068 Airbnb ROI: 1.99% Traditional ROI: 0.4%
939 Arcady Road Santa Barbara, CA This large Montecito home on 1.38 acres features breathtaking views of the Santa Ynez Moun...	5 beds \| 5 baths \| 5,996 sq.ft.	$4,775,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 0.49% Airbnb Rental Income: $11139 Traditional Rental Income: $7797 Airbnb ROI: 0.78% Traditional ROI: 0.49%
4440 Shadow Hills Circle unit: C #C Santa Barbara, CA Feels like coming home to a five star resort. Welcome to the gated community of Shadow Hil...	2 beds \| 2 baths \| 1,677 sq.ft.	$1,100,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 2.16% Airbnb Rental Income: $5725 Traditional Rental Income: $4292 Airbnb ROI: 2.45% Traditional ROI: 2.16%
1423 Camino Manadero Santa Barbara, CA Sweeping Ocean, Island, Canyon, and Mountain Views & Exceptional Space! Classic SB archite...	4 beds \| 3 baths \| 3,898 sq.ft.	$3,395,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 0.42% Airbnb Rental Income: $16002 Traditional Rental Income: $6063 Airbnb ROI: 2.67% Traditional ROI: 0.42%
2965 Calle Noguera Santa Barbara, CA This exceptional new offering in the coveted San Roque neighborhood represents outstanding...	5 beds \| 3 baths \| 2,037 sq.ft.	$2,595,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.27% Airbnb Rental Income: $null Traditional Rental Income: $6456 Airbnb ROI: N/A Traditional ROI: 1.27%
838 Toro Canyon Road Santa Barbara, CA One of the last ocean view parcels available, plans and permits in process for this ridget...	4 beds \| 5 baths \| N/A	$2,285,000	Airbnb cash on cash: 4.92% Traditional cash on cash: 2.89% Airbnb Rental Income: $16523 Traditional Rental Income: $9273 Airbnb ROI: 4.92% Traditional ROI: 2.89%
222 Meigs Road #16 Santa Barbara, CA Welcome to a piece of paradise in one of Santa Barbara's most sought-after neighborhoods o...	3 beds \| 2 baths \| 2,020 sq.ft.	$2,175,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 0.9% Airbnb Rental Income: $12796 Traditional Rental Income: $5305 Airbnb ROI: 3.46% Traditional ROI: 0.9%
535 Inwood Drive Santa Barbara, CA Live the Good Life in Santa Barbara! This one level, 4 bedroom, 1 full, and 1 3/4 bath ho...	4 beds \| 1 baths \| 1,474 sq.ft.	$1,600,000	Airbnb cash on cash: 4.42% Traditional cash on cash: 0.77% Airbnb Rental Income: $11545 Traditional Rental Income: $4017 Airbnb ROI: 4.42% Traditional ROI: 0.77%

Real Estate investment in Santa-barbara, CA

There are 126 properties for sale in the city of Santa Barbara . The median list price in Santa Barbara is $1,895,000 and the average price per square foot is $792. In September 2025, the average monthly cash on cash return in Santa Barbara is 1.00%. The average monthly rental income in Santa Barbara is $4,350.

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

There are 126 investment properties available for sale in Santa-barbara.

In 2025, the best neighborhood to buy investment property is Hidden Valley.

The ROI for Short-Term is higher than the Long-Term in Santa-barbara with average rental income of $8,164.

Your search for investment property begins and ends here

Investment Property for Sale in Santa Barbara, CA

125 W Mountain Drive

Santa Barbara, CA

3 beds | 4 baths | 2,301 sq.ft.

$6,385,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: -0.86%

Airbnb Rental Income: $8551

Traditional Rental Income: $5396

Airbnb ROI: -0.6%

Traditional ROI: -0.86%

512 E Islay Street

Santa Barbara, CA

2 beds | 2 baths | 856 sq.ft.

$1,595,000

Airbnb cash on cash: 1.68%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $6453

Traditional Rental Income: $3389

Airbnb ROI: 1.68%

Traditional ROI: 0.47%

5325 Plunkett Lane

Santa Barbara, CA

3 beds | 4 baths | 4,302 sq.ft.

$3,250,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 0.25%

Airbnb Rental Income: $8851

Traditional Rental Income: $6157

Airbnb ROI: 0.59%

Traditional ROI: 0.25%

11 La Cumbre Circle

Santa Barbara, CA

2 beds | 2 baths | 1,092 sq.ft.

$1,245,000

Airbnb cash on cash: 2.4%

Traditional cash on cash: 0.81%

Airbnb Rental Income: $6148

Traditional Rental Income: $3088

Airbnb ROI: 2.4%

Traditional ROI: 0.81%

637 E Micheltorena Street

Santa Barbara, CA

4 beds | 4 baths | 3,080 sq.ft.

$2,900,000

Airbnb cash on cash: 3.37%

Traditional cash on cash: 0.71%

Airbnb Rental Income: $16523

Traditional Rental Income: $6423

Airbnb ROI: 3.37%

Traditional ROI: 0.71%

913 W Victoria Street

Santa Barbara, CA

2 beds | N/A baths | 1,303 sq.ft.

$1,695,000

Airbnb cash on cash: 2.21%

Traditional cash on cash: 1%

Airbnb Rental Income: $7332

Traditional Rental Income: $4010

Airbnb ROI: 2.21%

Traditional ROI: 1%

30 S Salinas Street #B

Santa Barbara, CA

3 beds | 1 baths | 1,090 sq.ft.

$1,225,000

Airbnb cash on cash: 3.26%

Traditional cash on cash: 0.48%

Airbnb Rental Income: $7868

Traditional Rental Income: $3194

Airbnb ROI: 3.26%

Traditional ROI: 0.48%

105 W De La Guerra Street unit: S #S

Santa Barbara, CA

2 beds | 3 baths | 1,728 sq.ft.

$2,095,000

Airbnb cash on cash: 1.76%

Traditional cash on cash: 0.52%

Airbnb Rental Income: $8021

Traditional Rental Income: $4095

Airbnb ROI: 1.76%