1012 Alphonse Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 2 bed, 1 bath
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SANTA BARBARA, CA 93103
This 1927 Residential Asset in the Lower Eastside is a High-Potential Investment Opportunity with a List Price of $690,000, aligning with its $690,000 Fair Market Value. Although it carries a Condition Rating of 6 due to severe structural decay, the property’s proximity to the Milpas corridor, East Beach, and the Funk Zone offers immense redevelopment potential. This "as-is" sale provides a rare entry-level opportunity to restore historical character in a high-demand coastal market. This acquisition is ideally suited for Fix-and-Flip Investors and Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1012 Alphonse Street Subject | $690,000* List Price | 2 | 1 | 720 | $958 | - |
A 1509 Eucalyptus Hill Road Sold | $700,000 List Price | 2 | 2 | 896 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is in a state of extreme structural decay and is currently unlivable. Built in 1927 with no evidence of major renovations, the interior features a non-functional, rusted kitchen, a gutted bathroom, and significant damage to the ceilings and walls. The listing explicitly states it is 'not for the faint of heart' and is being sold 'as-is,' confirming the structure is likely beyond cost-effective repair.
Situated along the desirable Milpas corridor, the property is minutes away from iconic dining like La Super Rica, the Santa Barbara County Bowl, and major retailers like Trader Joe's and Sprouts.
The home offers exceptional access to East Beach, the vibrant Funk Zone, and downtown Santa Barbara, making it a highly sought-after location for future resale or rental.
Priced significantly below the median for Santa Barbara, this property serves as a rare entry-level opportunity for contractors and investors to build equity through a full restoration.
Described as 'not for the faint of heart,' the property requires a total renovation and likely faces significant structural or system issues.
With only 720 square feet of living space and a modest 2,613 square foot lot, the property offers very limited room for expansion or outdoor amenities.
The property is being sold with no guarantees or warranties, placing the full burden of risk and undisclosed repair costs entirely on the buyer.
This is an opportunity for contractors and builders or investors. This is not for the faint of heart. Opportunity Knocks to restore this 1927 2/1 720 sq. ft. house back to its original condition. Centrally located along the Milpas corridor, near the popular La Super Rica- Taqueria restaurant, Santa Barbara County bowl, near Trader Joe's and Sprouts shopping centers, East-beach, and downtown including the funk zone. Near local Santa Barbara schools and community Santa Barbara colleges. This property is being sold, ''As Is''. ''No guarantees or warranties.''
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 720 | 1,797 | 11% |
| Lot Size | 2,613 | 10,018.8 | 8% |
| Price | $690.0K | $2.00M | 22% |
| Price per sq ft | $958 | $1.1K | 46% |
| Built year | 1927 | 1937 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 310 | 196 | 70% |
Jun 16, 2025
$690,000
Initial Listing