102 S Voluntario Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 0 bed, 0 bath
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102 S Voluntario Street
SANTA BARBARA, CA 93103
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,011Sq Ft
7,841Lot Size
Property Price
LIST PRICE$2,700,000
SUMMARY
Analysis of 102 S Voluntario Street, SANTA BARBARA, CA 93103 is currently available with a list price of $2,700,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This property is in mint, turnkey condition, featuring two brand-new ground-up units and two extensively renovated units. With a 2026 completion date, it includes modern systems like mini-split HVAC, new flooring, and updated fixtures, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Opportunity
The property features two newly constructed units and two extensively renovated units, providing a low-maintenance, 'like-new' asset that minimizes immediate capital expenditure for the buyer.
- Immediate Market Rent Potential
With three of the four units delivered vacant, an investor or owner-user has the immediate flexibility to lease the units at current market rates, bypassing the limitations of existing low-rent tenancies.
- High-Demand Location
Situated in Santa Barbara's highly sought-after rental market, the property is positioned to benefit from consistently low vacancy rates and strong long-term capital appreciation.
CONSRISKS & DEFICIENCIES
- High Price Per Unit
At a list price of $2.85 million, the cost per unit is substantial, which may result in a lower initial capitalization rate compared to multifamily investments in less premium markets.
- Compact Unit Footprints
The reported total square footage suggests relatively small living areas for each unit, which may limit the tenant pool to smaller households or individuals seeking minimalist urban living.
About 102 S Voluntario Street
Rare turnkey four-unit investment opportunity featuring two newly constructed residences that have never been occupied and two extensively renovated one-bedroom units. Three of the four units will be delivered vacant, allowing immediate lease-up at market rents or the flexibility for an owner-user to occupy one unit while generating income from the others. Located just minutes from East Beach, the Funk Zone, Downtown Santa Barbara, and Montecito, this property offers a highly desirable unit mix, minimal deferred maintenance, and a unique opportunity to establish new tenancy from day one in one of California's strongest rental markets.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 2026
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,011 | 1,614 |
| Lot Size | 7,841 | 8,365.125 |
| Price | $2.70M | $1.78M |
| Price per sq ft | $2.7K | $1.1K |
| Built year | 2026 | 1936 |
| HOA | $0 | $0 |
| Days on market | 55 | 43 |
Pricing History
Listed for Sale
Jul 30, 2026
$2,700,000
$2,850,000
-5% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$2,850,000
Initial Listing
Sold
Nov 24, 2020
$625,000
Public Record