1011 Laguna Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
1011 Laguna Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 1011 Laguna Street, SANTA BARBARA, CA 93101 is currently available with a list price of $2,825,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is well-maintained with significant recent capital improvements including a new roof (2023), updated plumbing, and all-new windows. While originally built in 1957, several units have been recently updated to enhance livability, and the major systems are functional and within their expected lifespan, meeting the criteria for a move-in ready investment.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of Downtown Santa Barbara, the property offers exceptional proximity to State Street, beaches, and major employers, ensuring consistently high tenant demand and long-term appreciation.
- Significant Capital Upgrades
Recent major improvements including a new roof (2023), updated plumbing, and all-new windows significantly reduce immediate capital expenditure requirements and improve operational efficiency.
- Rare Parking & Architectural Appeal
The provision of off-street parking—a rare convenience in this central location—along with vaulted ceilings in upstairs units, provides a distinct competitive edge in the local rental market.
CONSRISKS & DEFICIENCIES
- Compact Unit Footprints
With an average unit size of approximately 465 square feet, the living spaces are relatively small, which may limit the tenant profile and long-term stay potential compared to larger units.
- Vintage Building Infrastructure
Despite recent upgrades, the 1957 construction may still present ongoing maintenance challenges related to original structural elements and aging systems common to mid-century assets.
About 1011 Laguna Street
Neighboring Property Available - 333 E Carrillo! Exceptional opportunity to acquire a well-maintained 8-unit multifamily property located in the heart of Downtown Santa Barbara. The property features an attractive unit mix of (8) 1 BD/1BA units, several of which have been recently updated to enhance livability and appeal. One unit will be delivered vacant at COE. Upstairs units feature vaulted ceilings that create a bright, spacious atmosphere, contributing to the property's overall charm and character. Tenants benefit from off-street parking—a rare convenience in this central location—along with close proximity to Santa Barbara's vibrant State Street corridor, parks, beaches, and major employers. New Roof (2023) ∙ Updated Plumbing ∙ All Windows Replaced ∙ On-si
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1957
- Lot Size
- -
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,722 | 2,228 | 70% |
| Lot Size | - | 7,405.2 | 9% |
| Price | $2.83M | $2.79M | 52% |
| Price per sq ft | $759 | $640 | 52% |
| Built year | 1957 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 211 | 13% |
Pricing History
Listed for Sale
Feb 24, 2026
$2,825,000
$2,950,000
-4% Price Drop
Initial Listing
Price Change
Nov 10, 2025
$2,950,000
Initial Listing