102 N Milpas Street, Santa Barbara, CA 93103, Santa Barbara, 93103 - 3 bed, 1 bath
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Santa Barbara, CA 93103
This property presents a Strong Value Opportunity with a List Price of $1,325,000—positioned well below the $1,334,253 Fair Market Value by 0.69%. This valuation gap offers $9,253 in Instant Equity for buyers. While the home maintains a Fair Condition Rating with dated systems, its prime coastal location and historic 1924 character provide a solid foundation for modernization. This is a strategic acquisition ideal for Value-Add Investors or Owner-Occupants looking to build equity through targeted kitchen and electrical upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 102 N Milpas Street Subject | $1,300,000* List Price | 3 | 1 | 1,468 | $896 | - |
A 920 E Gutierrez Street Active | $1,330,000 List Price | 3 | 2 | 1,388 | $958 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The 1924 property has received a recent cosmetic refresh with new laminate flooring and interior paint, making it move-in ready. However, the kitchen features dated 1980s/90s-style cabinetry and laminate counters, and the presence of surface-mounted wiring and older fluorescent fixtures suggests that the electrical and lighting systems are outdated. While functional, the home requires modernization of the kitchen, bath, and core systems to meet current standards.
Situated on the vibrant Milpas corridor, the property offers excellent proximity to Santa Barbara’s East Beach, local dining, and downtown amenities.
Built in 1924, this residence possesses the timeless architectural charm and vintage appeal characteristic of early 20th-century Santa Barbara homes.
Priced at $1.325M for a detached three-bedroom home, this property represents a strong entry-level opportunity in a high-demand coastal market.
With three bedrooms and only one bathroom, the layout may be restrictive for modern family needs or multi-occupant living.
Located on a major thoroughfare, the property may experience higher levels of street noise and traffic compared to more secluded residential neighborhoods.
Exceptional opportunity in Santa Barbara. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,468 | 1,797 | 42% |
| Lot Size | 5,227 | 9,583.2 | 37% |
| Price | $1.30M | $2.12M | 16% |
| Price per sq ft | $886 | $1.7K | 21% |
| Built year | 1924 | 1928 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 199 | 5% |
Jun 12, 2026
$1,300,000
$1,325,000
-2% Price Drop
Initial Listing
May 27, 2026
$1,325,000
Initial Listing
Nov 7, 2001
$527,000
Public Record