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
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.	$4,795,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 0.01% Airbnb Rental Income: $16523 Traditional Rental Income: $7916 Airbnb ROI: 1.28% Traditional ROI: 0.01%
1776 Eucalyptus Hill Road Santa Barbara, CA Perched atop the coveted Eucalyptus Hill neighborhood, this private estate is enveloped in...	4 beds \| 5 baths \| N/A	$5,150,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 0.5% Airbnb Rental Income: $16523 Traditional Rental Income: $10878 Airbnb ROI: 1.07% Traditional ROI: 0.5%
4535 Carriage Hill Drive Santa Barbara, CA This impeccable, spacious and light-filled home - in a highly-desirable tucked away Santa ...	3 beds \| 3 baths \| 2,334 sq.ft.	$2,295,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 0.33% Airbnb Rental Income: $5651 Traditional Rental Income: $4591 Airbnb ROI: 0.29% Traditional ROI: 0.33%
969 Miramonte Drive #5 Santa Barbara, CA Welcome to the best The Highlands have to offer! This highly sought after 2 bed 2 bath, 11...	2 beds \| 2 baths \| 1,120 sq.ft.	$955,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 0.8% Airbnb Rental Income: $3197 Traditional Rental Income: $2546 Airbnb ROI: 0.72% Traditional ROI: 0.8%
2727 Miradero Drive unit: 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.	$990,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 2.13% Airbnb Rental Income: $7187 Traditional Rental Income: $3355 Airbnb ROI: 4.78% Traditional ROI: 2.13%
1204 San Andres Street Santa Barbara, CA A great opportunity to own 2 fully detached, private residences, ideal for long term inves...	6 beds \| N/A baths \| N/A	$2,190,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.78% Airbnb Rental Income: $null Traditional Rental Income: $6938 Airbnb ROI: N/A Traditional ROI: 1.78%
2253 Las Canoas Road Santa Barbara, CA MISSION CANYON HIDEAWAY-Beautiful remodeled 4BR/3BA mid-century home on 1+- wooded acre of...	4 beds \| 3 baths \| 2,350 sq.ft.	$2,000,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 1.35% Airbnb Rental Income: $3691 Traditional Rental Income: $5586 Airbnb ROI: -0.11% Traditional ROI: 1.35%
1932 N Jameson Lane #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%
2905 Puesta Del Sol Santa Barbara, CA Welcome to this remodeled & expanded modern San Roque ranch house with a newly constructed...	3 beds \| 3 baths \| 1,466 sq.ft.	$2,595,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 0.82% Airbnb Rental Income: $7187 Traditional Rental Income: $4646 Airbnb ROI: 1.3% Traditional ROI: 0.82%
1031 Miramonte Drive unit: Apt 2 Santa Barbara, CA Rarely available two-bedroom condominium in the Santa Barbara Highlands with sweeping view...	2 beds \| 2 baths \| 1,080 sq.ft.	$998,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 0.94% Airbnb Rental Income: $3197 Traditional Rental Income: $2641 Airbnb ROI: 0.76% Traditional ROI: 0.94%
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%
1815 Mountain Avenue Santa Barbara, CA A rarely available entertainer's dream on the Westside offering charming upgrades througho...	3 beds \| 2 baths \| 1,233 sq.ft.	$1,885,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 0.38% Airbnb Rental Income: $11084 Traditional Rental Income: $3825 Airbnb ROI: 3.36% Traditional ROI: 0.38%
1917 Bath Street Santa Barbara, CA Front home is a 3 Bed 2 bath craftsman style home built in 1917 9-foot ceilings throughout...	3 beds \| 2 baths \| 1,567 sq.ft.	$2,875,000	Airbnb cash on cash: -0.19% Traditional cash on cash: -0.19% Airbnb Rental Income: $5091 Traditional Rental Income: $4028 Airbnb ROI: -0.19% Traditional ROI: -0.19%
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	$1,995,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 1.67% Airbnb Rental Income: $1257 Traditional Rental Income: $6438 Airbnb ROI: -1.34% Traditional ROI: 1.67%
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 \| 6,111 sq.ft.	$7,600,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.69% Airbnb Rental Income: $null Traditional Rental Income: $7594 Airbnb ROI: N/A Traditional ROI: -0.69%
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: -1.36% Traditional cash on cash: -0.56% Airbnb Rental Income: $1546 Traditional Rental Income: $3131 Airbnb ROI: -1.36% Traditional ROI: -0.56%
1600 Garden Street unit: 32 Santa Barbara, CA PRICE IMPROVEMENT! Perched on the top floor of Parkview, Unit #32 is a rare find: beautifu...	2 beds \| 2 baths \| 889 sq.ft.	$899,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 3.21% Airbnb Rental Income: $1396 Traditional Rental Income: $4296 Airbnb ROI: -0.76% Traditional ROI: 3.21%
1122 Camino Viejo Road Santa Barbara, CA This stunning single-level residence sits on approximately 0.87 acres in the heart of Mont...	3 beds \| 4 baths \| 3,216 sq.ft.	$5,200,000	Airbnb cash on cash: 0.14% Traditional cash on cash: -0.3% Airbnb Rental Income: $11310 Traditional Rental Income: $7102 Airbnb ROI: 0.14% Traditional ROI: -0.3%
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: -0.63% Traditional cash on cash: 1.33% Airbnb Rental Income: $2369 Traditional Rental Income: $7877 Airbnb ROI: -0.63% Traditional ROI: 1.33%
1090 Toro Canyon Road Santa Barbara, CA Perched above Toro Canyon on 6+/- private acres, this gated estate captures sweeping ocean...	3 beds \| 4 baths \| 3,468 sq.ft.	$3,999,000	Airbnb cash on cash: -1.4% Traditional cash on cash: 0.51% Airbnb Rental Income: $1952 Traditional Rental Income: $8507 Airbnb ROI: -1.4% Traditional ROI: 0.51%
202 E Mountain Drive Santa Barbara, CA Now refreshed with brand-new, brighter and natural wool, hypoallergenic carpeting, this se...	4 beds \| 3 baths \| 2,886 sq.ft.	$2,999,000	Airbnb cash on cash: -0.75% Traditional cash on cash: -0.02% Airbnb Rental Income: $3691 Traditional Rental Income: $4929 Airbnb ROI: -0.75% Traditional ROI: -0.02%
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.	$9,600,000	Airbnb cash on cash: -0.29% Traditional cash on cash: -0.96% Airbnb Rental Income: $16002 Traditional Rental Income: $7169 Airbnb ROI: -0.29% Traditional ROI: -0.96%
1403 Bath Street Santa Barbara, CA Prime Downtown Santa Barbara 6-Unit Investment Property! Originally built in the 1920s, th...	4 beds \| N/A baths \| 4,870 sq.ft.	$2,399,000	Airbnb cash on cash: 4.97% Traditional cash on cash: 0.19% Airbnb Rental Income: $16523 Traditional Rental Income: $2919 Airbnb ROI: 4.97% Traditional ROI: 0.19%
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.	$2,300,000	Airbnb cash on cash: 4.56% Traditional cash on cash: 1.04% Airbnb Rental Income: $16523 Traditional Rental Income: $6068 Airbnb ROI: 4.56% Traditional ROI: 1.04%
2820 Torito Road Santa Barbara, CA Exceptional Traditional New England-style estate designed by the late Peter Becker. Perche...	4 beds \| 6 baths \| 7,006 sq.ft.	$11,750,000	Airbnb cash on cash: -1.31% Traditional cash on cash: -0.32% Airbnb Rental Income: $1066 Traditional Rental Income: $11543 Airbnb ROI: -1.31% Traditional ROI: -0.32%
691 Via Trepadora Santa Barbara, CA A modern masterpiece in the heart of Hope Ranch, newly built in 2022 and remodeled in 2024...	4 beds \| 5 baths \| 7,684 sq.ft.	$12,500,000	Airbnb cash on cash: -0.59% Traditional cash on cash: -0.72% Airbnb Rental Income: $16523 Traditional Rental Income: $12033 Airbnb ROI: -0.59% Traditional ROI: -0.72%
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	$2,185,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 3.07% Airbnb Rental Income: $1066 Traditional Rental Income: $9273 Airbnb ROI: -1.16% Traditional ROI: 3.07%
4450 Via Alegre Santa Barbara, CA This elegantly and fully remodeled contemporary estate is a masterclass in modern design. ...	5 beds \| 5 baths \| 6,362 sq.ft.	$9,250,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.5% Airbnb Rental Income: $null Traditional Rental Income: $10814 Airbnb ROI: N/A Traditional ROI: -0.5%
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.	$7,850,000	Airbnb cash on cash: -1.54% Traditional cash on cash: -1.19% Airbnb Rental Income: $2206 Traditional Rental Income: $4200 Airbnb ROI: -1.54% Traditional ROI: -1.19%
1435 Sycamore Canyon Road Santa Barbara, CA Set on a lush one-acre parcel, a private bridge welcomes you to this enchanting Santa Fe-s...	3 beds \| 3 baths \| 2,345 sq.ft.	$2,495,000	Airbnb cash on cash: -1.5% Traditional cash on cash: 0.8% Airbnb Rental Income: $241 Traditional Rental Income: $5328 Airbnb ROI: -1.5% Traditional ROI: 0.8%
284 Gould Lane Santa Barbara, CA Tucked behind the gates of Montecito's coveted Ennisbrook community, 284 Gould Lane is a g...	4 beds \| 4 baths \| 6,028 sq.ft.	$5,950,000	Airbnb cash on cash: -1.74% Traditional cash on cash: -0.35% Airbnb Rental Income: $1066 Traditional Rental Income: $8404 Airbnb ROI: -1.74% Traditional ROI: -0.35%
115 El Gaucho Lane Santa Barbara, CA Beautifully updated cabin in the Los Padres National Forest is a place to leave your city ...	2 beds \| 1 baths \| 1,169 sq.ft.	$374,999	Airbnb cash on cash: 2.59% Traditional cash on cash: 7.38% Airbnb Rental Income: $2169 Traditional Rental Income: $3303 Airbnb ROI: 2.59% Traditional ROI: 7.38%
21 La Cadena Street Santa Barbara, CA Stunningly remodeled and ideally situated in Santa Barbara's sought-after Eastside, 21 La ...	3 beds \| 2 baths \| 1,100 sq.ft.	$1,349,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 1.76% Airbnb Rental Income: $241 Traditional Rental Income: $3603 Airbnb ROI: -1.11% Traditional ROI: 1.76%
2155 Birnam Wood Drive Santa Barbara, CA New price: 6.995M-lowest inside guard-gated Birnam Wood Golf Club. Single-level architect ...	3 beds \| 3 baths \| 3,350 sq.ft.	$6,995,000	Airbnb cash on cash: -1.28% Traditional cash on cash: -0.73% Airbnb Rental Income: $1952 Traditional Rental Income: $4966 Airbnb ROI: -1.28% Traditional ROI: -0.73%

Real Estate investment in Santa-barbara, CA

There are 111 properties for sale in the city of Santa Barbara . The median list price in Santa Barbara is $1,997,500 and the average price per square foot is $896. In April 2026, the average monthly cash on cash return in Santa Barbara is N/A%. The average monthly rental income in Santa Barbara is $4,030.

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

There are 111 investment properties available for sale in Santa-barbara.

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

The ROI for Long-Term is higher than the Short-Term in Santa-barbara with average rental income of $4,030.

Your search for investment property begins and ends here

Investment Property for Sale in Santa Barbara, CA

3165 Eucalyptus Hill Road

Santa Barbara, CA

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

$4,795,000

Airbnb cash on cash: 1.28%

Traditional cash on cash: 0.01%

Airbnb Rental Income: $16523

Traditional Rental Income: $7916

Airbnb ROI: 1.28%

Traditional ROI: 0.01%

1776 Eucalyptus Hill Road

Santa Barbara, CA

4 beds | 5 baths | N/A

$5,150,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $16523

Traditional Rental Income: $10878

Airbnb ROI: 1.07%

Traditional ROI: 0.5%

4535 Carriage Hill Drive

Santa Barbara, CA

3 beds | 3 baths | 2,334 sq.ft.

$2,295,000

Airbnb cash on cash: 0.29%

Traditional cash on cash: 0.33%

Airbnb Rental Income: $5651

Traditional Rental Income: $4591

Airbnb ROI: 0.29%

Traditional ROI: 0.33%

969 Miramonte Drive #5

Santa Barbara, CA

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

$955,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 0.8%

Airbnb Rental Income: $3197

Traditional Rental Income: $2546

Airbnb ROI: 0.72%

Traditional ROI: 0.8%

2727 Miradero Drive unit: 104

Santa Barbara, CA

3 beds | 2 baths | 1,404 sq.ft.

$990,000

Airbnb cash on cash: 4.78%

Traditional cash on cash: 2.13%

Airbnb Rental Income: $7187

Traditional Rental Income: $3355

Airbnb ROI: 4.78%

Traditional ROI: 2.13%

1204 San Andres Street

Santa Barbara, CA

6 beds | N/A baths | N/A

$2,190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.78%

Airbnb Rental Income: $null

Traditional Rental Income: $6938

Airbnb ROI: N/A

Traditional ROI: 1.78%

2253 Las Canoas Road

Santa Barbara, CA

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

$2,000,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $3691

Traditional Rental Income: $5586

Airbnb ROI: -0.11%

Traditional ROI: 1.35%

1932 N Jameson Lane #B

Santa Barbara, CA

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%