Are you looking for a great place to invest in commercial real estate such as Santa Barbara County?  The county is excellent when it comes to investment opportunities!

With the average home price in Santa Barbara currently hovering close to $720,000 (down from its peak of $800,000 in 2008, but still a considerable amount of money), the market for rental units is high for individuals and families who can’t afford to purchase a home.

In addition, the city of Santa Barbara is home to the renowned University of California at Santa Barbara campus, and many students prefer to rent apartments rather than stay in the dorms.

Income from any Santa Barbara apartment or rental property can be considerable:

The City of Santa Barbara reports that the median rental price for a one-bedroom apartment in the city was $1824 in 2016. Two bedroom apartments rented for $2299 in 2016 (While these statistics were for the city of Santa Barbara, rental rates throughout the county are similar).

The U.S. Census Bureau reports that Santa Barbara County’s population increased by 4.9 percent between 2010 and 2015, and is expected to continue growing. Many newcomers rent before purchasing; another reason investing in rental properties makes so much sense today.

The California Department of Transportation projected job growth of almost 9 percent (8.9 percent) between 2011 and 2016, with a corresponding population growth for those years of 4.6 percent.

Retail sales should increase by almost 21 percent (20.8 percent), with the fastest job growth occurring in the financial sector.

Santa Barbara County is known country-wide for its beauty. Nestled between the Pacific Ocean and the Los Padres National Forest to the east, the county is celebrated for its temperate climate, lovely sea breezes, wineries, Spanish/Mexican history and continuing gentle influence, fine dining, great schools, and more. It’s no wonder many people consider it to be one of the most beautiful areas of the United States.

Apartment Investment Specialists and Craig Lieberman can also assist with property management in Santa Barbara. Finding the right property management professionals can be difficult, but Apartment Investment Specialists is skilled and experienced with Santa Barbara property management. Apartment investments in the Santa Barbara zip code can be a great option since Santa Barbara housing, Santa Barbara properties, and multi-family homes for sale in Santa Barbara, CA are hot commodities these days. Let Apartment Investment Specialists be your brokerage and preferred property management group for all Santa Barbara property investments. Call Today!

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Copyright 2017 Santa Barbara Multiple Listing Service. All rights reserved.
Based on information from the Santa Barbara MLS as of the date shown below. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
SBAOR data last updated at September 21, 2017 9:11 AM PT
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Based on information from CRISNet MLS and/or CARETS as of the date and time shown below. The information being provided by CRISNet MLS and/or CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.