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 \| N/A baths \| 2,301 sq.ft.	$5,995,000	Airbnb cash on cash: -1.28% Traditional cash on cash: -0.8% Airbnb Rental Income: $3521 Traditional Rental Income: $5396 Airbnb ROI: -1.28% Traditional ROI: -0.8%
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: -0.55% Traditional cash on cash: 0.47% Airbnb Rental Income: $2472 Traditional Rental Income: $3389 Airbnb ROI: -0.55% Traditional ROI: 0.47%
320 Calle Elegante Santa Barbara, CA Behind private gates on Calle Elegante, a world of serenity and beauty unfolds on 1.7 lush...	4 beds \| 4 baths \| N/A	$5,450,000	Airbnb cash on cash: 0.91% Traditional cash on cash: -0.24% Airbnb Rental Income: $16523 Traditional Rental Income: $7754 Airbnb ROI: 0.91% Traditional ROI: -0.24%
2253 Las Canoas Road Santa Barbara, CA MISSION CANYON TRANQUILITY, NEWLEY REPOSITIONED! this mid-century, 4 BR/3BA home offers st...	4 beds \| 3 baths \| 2,350 sq.ft.	$2,665,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 0.76% Airbnb Rental Income: $3691 Traditional Rental Income: $5586 Airbnb ROI: -0.33% Traditional ROI: 0.76%
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 \| N/A baths \| 1,728 sq.ft.	$2,095,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 0.52% Airbnb Rental Income: $2071 Traditional Rental Income: $4095 Airbnb ROI: -0.79% Traditional ROI: 0.52%
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: 1.69% Traditional cash on cash: -0.15% Airbnb Rental Income: $16523 Traditional Rental Income: $5492 Airbnb ROI: 1.69% Traditional ROI: -0.15%
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: -1.21% Traditional cash on cash: -0.03% Airbnb Rental Income: $3691 Traditional Rental Income: $8892 Airbnb ROI: -1.21% Traditional ROI: -0.03%
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: 6.08% Traditional cash on cash: 6.88% Airbnb Rental Income: $5651 Traditional Rental Income: $4969 Airbnb ROI: 6.08% Traditional ROI: 6.88%
208 Por La Mar Circle Santa Barbara, CA Welcome to the El Escorial Villas across from East Beach. Quiet ground floor end-unit next...	1 beds \| 1 baths \| 708 sq.ft.	$899,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 1.39% Airbnb Rental Income: $5061 Traditional Rental Income: $2759 Airbnb ROI: 2.9% Traditional ROI: 1.39%
734 Calle De Los Amigos Santa Barbara, CA Located in one of Hidden Valley's most sought-after neighborhoods, this spacious and newly...	2 beds \| 2 baths \| 2,073 sq.ft.	$1,545,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 1.2% Airbnb Rental Income: $6148 Traditional Rental Income: $3686 Airbnb ROI: 2.07% Traditional ROI: 1.2%
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: -0.28% Traditional cash on cash: 0.93% Airbnb Rental Income: $4540 Traditional Rental Income: $8832 Airbnb ROI: -0.28% 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 panorami...	3 beds \| 2 baths \| 2,603 sq.ft.	$2,795,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 1.72% Airbnb Rental Income: $5645 Traditional Rental Income: $7717 Airbnb ROI: 0.48% Traditional ROI: 1.72%
3213 Cliff Drive Santa Barbara, CA An extraordinary coastal estate, this bluff-top property encompasses two adjoining parcels...	3 beds \| 2 baths \| 3,263 sq.ft.	$9,995,000	Airbnb cash on cash: -1.54% Traditional cash on cash: -0.62% Airbnb Rental Income: $2744 Traditional Rental Income: $10607 Airbnb ROI: -1.54% Traditional ROI: -0.62%
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: -1.37% Traditional cash on cash: 1.42% Airbnb Rental Income: $1257 Traditional Rental Income: $6438 Airbnb ROI: -1.37% 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 \| 5 baths \| 5,645 sq.ft.	$7,750,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.71% Airbnb Rental Income: $null Traditional Rental Income: $7594 Airbnb ROI: N/A Traditional ROI: -0.71%
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: -1.12% Traditional cash on cash: -0.56% Airbnb Rental Income: $2271 Traditional Rental Income: $3131 Airbnb ROI: -1.12% 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 \| 5 baths \| 5,215 sq.ft.	$4,995,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 0.46% Airbnb Rental Income: $3691 Traditional Rental Income: $10360 Airbnb ROI: -1.15% 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: -0.84% Traditional cash on cash: 1.33% Airbnb Rental Income: $1599 Traditional Rental Income: $7877 Airbnb ROI: -0.84% 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: -0.73% Traditional cash on cash: -0.37% Airbnb Rental Income: $4130 Traditional Rental Income: $4880 Airbnb ROI: -0.73% 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 \| N/A 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.	$1,250,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 1.79% Airbnb Rental Income: $2354 Traditional Rental Income: $3422 Airbnb ROI: 0.37% Traditional ROI: 1.79%
3708 Santa Ynez Court Santa Barbara, CA Experience modern desert living at its finest in this brand-new 2024 built home in Rosamon...	4 beds \| 2 baths \| 1,694 sq.ft.	$489,000	Airbnb cash on cash: 7.7% Traditional cash on cash: 8.02% Airbnb Rental Income: $5125 Traditional Rental Income: $4227 Airbnb ROI: 7.7% Traditional ROI: 8.02%
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: -0.41% Traditional cash on cash: -1.03% Airbnb Rental Income: $16002 Traditional Rental Income: $7169 Airbnb ROI: -0.41% 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: -0.94% Traditional cash on cash: -0.24% Airbnb Rental Income: $3521 Traditional Rental Income: $5000 Airbnb ROI: -0.94% 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.	$2,845,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 0.51% Airbnb Rental Income: $16523 Traditional Rental Income: $6068 Airbnb ROI: 3.36% Traditional ROI: 0.51%
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: -0.3% Traditional cash on cash: 2.16% Airbnb Rental Income: $2353 Traditional Rental Income: $4292 Airbnb ROI: -0.3% Traditional ROI: 2.16%
691 Via Trepadora Santa Barbara, CA A modern masterpiece in the heart of Hope Ranch, this 2024 remodeled home exudes chic, con...	4 beds \| 5 baths \| 7,684 sq.ft.	$12,995,000	Airbnb cash on cash: -0.63% Traditional cash on cash: -0.76% Airbnb Rental Income: $16523 Traditional Rental Income: $12033 Airbnb ROI: -0.63% Traditional ROI: -0.76%
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: -1.15% Traditional cash on cash: 2.89% Airbnb Rental Income: $1066 Traditional Rental Income: $9273 Airbnb ROI: -1.15% 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: 2.84% Traditional cash on cash: 0.9% Airbnb Rental Income: $11310 Traditional Rental Income: $5305 Airbnb ROI: 2.84% Traditional ROI: 0.9%
4450 Via Alegre Santa Barbara, CA This elegantly and fully remodeled contemporary estate is a masterclass in modern design. ...	5 beds \| N/A baths \| 6,362 sq.ft.	$9,900,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.59% Airbnb Rental Income: $null Traditional Rental Income: $10814 Airbnb ROI: N/A Traditional ROI: -0.59%
1301 Plaza Pacifica Santa Barbara, CA Welcome to one of the most sought-after oceanfront locations in Montecito-an exceptional g...	2 beds \| 2 baths \| 1,943 sq.ft.	$8,450,000	Airbnb cash on cash: -1.35% Traditional cash on cash: -1.23% Airbnb Rental Income: $4130 Traditional Rental Income: $4200 Airbnb ROI: -1.35% Traditional ROI: -1.23%
2240 Bella Vista Drive Santa Barbara, CA Defined by its vast ocean, island, & harbor views stretching over the Pacific, this estate...	5 beds \| 6 baths \| 6,157 sq.ft.	$9,750,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.43% Airbnb Rental Income: $null Traditional Rental Income: $12090 Airbnb ROI: N/A Traditional ROI: -0.43%
4517 Vieja Drive Santa Barbara, CA Villa Serena: Your Private Sanctuary in Prestigious Hope Ranch. Nestled amidst the majesti...	4 beds \| 4 baths \| 2,815 sq.ft.	$5,500,000	Airbnb cash on cash: 0.89% Traditional cash on cash: -0.44% Airbnb Rental Income: $16523 Traditional Rental Income: $6803 Airbnb ROI: 0.89% Traditional ROI: -0.44%
1035 De La Vina Street Santa Barbara, CA Versatile prime downtown Santa Barbara corner: Live/work opportunity on the De La Vina cor...	3 beds \| 2 baths \| 1,846 sq.ft.	$1,385,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.55% Airbnb Rental Income: $4206 Traditional Rental Income: $5638 Airbnb ROI: 0.75% Traditional ROI: 2.55%
2325 Edgewater Way Santa Barbara, CA Imagine sitting on your back deck, sipping on your favorite beverage, listening to the wav...	2 beds \| 1 baths \| 912 sq.ft.	$2,500,000	Airbnb cash on cash: 0.84% Traditional cash on cash: -0.28% Airbnb Rental Income: $6881 Traditional Rental Income: $2959 Airbnb ROI: 0.84% Traditional ROI: -0.28%
1435 Sycamore Canyon Road Santa Barbara, CA Tucked away in Santa Barbara's verdant Sycamore Canyon, this enchanting Santa Fe-style ret...	3 beds \| 3 baths \| 2,345 sq.ft.	$2,495,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.8% Airbnb Rental Income: $1553 Traditional Rental Income: $5328 Airbnb ROI: -1.03% Traditional ROI: 0.8%
840 Cheltenham Road Santa Barbara, CA Turnkey modern home with ocean view! Nestled in Mission Canyon Heights, this retreat boast...	3 beds \| 3 baths \| 1,999 sq.ft.	$1,795,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 1.49% Airbnb Rental Income: $7187 Traditional Rental Income: $4648 Airbnb ROI: 2.18% Traditional ROI: 1.49%
924 Garden Street unit: F #F Santa Barbara, CA This is legendary El Caserio - Its character, interest and value boasts a significant part...	3 beds \| 3 baths \| 1,539 sq.ft.	$3,325,000	Airbnb cash on cash: -0.61% Traditional cash on cash: -0.27% Airbnb Rental Income: $4584 Traditional Rental Income: $4675 Airbnb ROI: -0.61% Traditional ROI: -0.27%
5487 Tree Farm Lane Santa Barbara, CA Discover effortless living in this beautifully upgraded 2 bedroom, 2.5 bath freestanding t...	2 beds \| N/A baths \| 1,649 sq.ft.	$1,650,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 0.82% Airbnb Rental Income: $2087 Traditional Rental Income: $3905 Airbnb ROI: -0.72% Traditional ROI: 0.82%

Real Estate investment in Santa-barbara, CA

There are 114 properties for sale in the city of Santa Barbara . The median list price in Santa Barbara is $2,162,500 and the average price per square foot is $898. In November 2025, the average monthly cash on cash return in Santa Barbara is 1.00%. The average monthly rental income in Santa Barbara is $4,316.

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

There are 114 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 $4,023.

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 | N/A baths | 2,301 sq.ft.

$5,995,000

Airbnb cash on cash: -1.28%

Traditional cash on cash: -0.8%

Airbnb Rental Income: $3521

Traditional Rental Income: $5396

Airbnb ROI: -1.28%

Traditional ROI: -0.8%

512 E Islay Street

Santa Barbara, CA

2 beds | 2 baths | 856 sq.ft.

$1,595,000

Airbnb cash on cash: -0.55%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $2472

Traditional Rental Income: $3389

Airbnb ROI: -0.55%

Traditional ROI: 0.47%

320 Calle Elegante

Santa Barbara, CA

4 beds | 4 baths | N/A

$5,450,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: -0.24%

Airbnb Rental Income: $16523

Traditional Rental Income: $7754

Airbnb ROI: 0.91%

Traditional ROI: -0.24%

2253 Las Canoas Road

Santa Barbara, CA

4 beds | 3 baths | 2,350 sq.ft.

$2,665,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 0.76%

Airbnb Rental Income: $3691

Traditional Rental Income: $5586

Airbnb ROI: -0.33%

Traditional ROI: 0.76%

105 W De La Guerra Street unit: S #S

Santa Barbara, CA

2 beds | N/A baths | 1,728 sq.ft.

$2,095,000

Airbnb cash on cash: -0.79%

Traditional cash on cash: 0.52%

Airbnb Rental Income: $2071

Traditional Rental Income: $4095

Airbnb ROI: -0.79%

Traditional ROI: 0.52%

5651 W Camino Cielo

Santa Barbara, CA

4 beds | 3 baths | N/A

$4,750,000

Airbnb cash on cash: 1.69%

Traditional cash on cash: -0.15%

Airbnb Rental Income: $16523

Traditional Rental Income: $5492

Airbnb ROI: 1.69%

Traditional ROI: -0.15%

2082 Las Canoas Road

Santa Barbara, CA

4 beds | 5 baths | 5,100 sq.ft.

$5,495,000

Airbnb cash on cash: -1.21%

Traditional cash on cash: -0.03%

Airbnb Rental Income: $3691

Traditional Rental Income: $8892

Airbnb ROI: -1.21%

Traditional ROI: -0.03%

15 Fremont Lane

Santa Barbara, CA

3 beds | 2 baths | 1,150 sq.ft.

$605,000

Airbnb cash on cash: 6.08%

Traditional cash on cash: 6.88%

Airbnb Rental Income: $5651

Traditional Rental Income: $4969

Airbnb ROI: 6.08%