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103 E Micheltorena Street, Santa Barbara, CA 93101, Santa Barbara, 93101 - 7 bed, 3 bath

103 E Micheltorena Street, Santa Barbara, CA 93101 home-pic-0
ACTIVE$2,950,000$2,835/sqft
103 E Micheltorena Street, Santa Barbara, CA 93101
7Beds
3Baths
2,835Sqft
9,583Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Situated on a prominent corner in the heart of downtown Santa Barbara, offering immediate access to State Street, Alameda Park, and Alice Keck Memorial Garden.
Top Cons:
Age-Related System Updates: Built in 1930, the property may require significant investment for updating core systems (e.g., electrical, plumbing, HVAC) to modern standards, despite being 'meticulously maintained'.

Compared to the nearby listings

Price:$2.95M vs avg $1.40M (+$1,550,500)83%
Size:2,835 sqft vs avg 984 sqft98%
Price/sqft:$1.0K vs avg $89362%

More Insights

Built in 1930 (96 years old).
Condition: Built in 1930, this property retains its historic Spanish Colonial Revival exterior charm and appears well-maintained from the outside. However, the interior images reveal significantly outdated features, including worn grey carpeting, dated fluorescent lighting fixtures, and a very basic kitchenette lacking major appliances. The bathrooms are also simple and functional but not updated. The listing description itself notes the property is 'ready for immediate transformation' and highlights the potential need for 'Age-Related System Updates' (electrical, plumbing, HVAC). While the property is functional and not in disrepair, it requires substantial renovation and modernization, particularly in the kitchen and bathrooms, to meet current quality and style standards for residential living.
Year Built
1930
Close
-
List price
$2.95M
Original List price
-
Price/Sqft
$1,041
HOA
$0
Days on market
-
Sold On
-
MLS number
SB25197208
Home ConditionFair
Features
Good View:
Deck
View-

About this home

Welcome to 1500 Anacapa Street, an iconic Spanish Colonial Revival property located at the prominent corner of Anacapa and Micheltorena Streets in the heart of downtown Santa Barbara. This versatile property spans approximately 2,835 square feet of above-ground living space, plus an additional 250 square feet of unfinished basement, offering ample storage or potential for future customization. Set on a spacious 9,583 square foot lot, the property features timeless architectural details such as handcrafted wrought iron accents, red Spanish tile roofing, and an original gas fireplace, embodying the historic charm and elegance of Santa Barbara's renowned aesthetic. Highlights include eight on-site parking spaces—a rare find in downtown—enhanced by proximity to the vibrant offerings of State Street, Alameda Park, and Alice Keck Memorial Garden. Zoned O-R, the property presents an exceptional opportunity for a range of potential uses, including luxurious single-family living, multi-family development, boutique hospitality, or mixed-use configurations, subject to city approvals. Meticulously maintained and ready for immediate transformation, 1500 Anacapa Street offers an extraordinary chance to own a piece of Santa Barbara’s history and create a one-of-a-kind property in the “American Riviera.” Disclaimer: Buyers are advised to verify intended uses with the City of Santa Barbara and conduct their own due diligence.

G
Greg Herz
Listing Agent
Condition Rating
Fair
Built in 1930, this property retains its historic Spanish Colonial Revival exterior charm and appears well-maintained from the outside. However, the interior images reveal significantly outdated features, including worn grey carpeting, dated fluorescent lighting fixtures, and a very basic kitchenette lacking major appliances. The bathrooms are also simple and functional but not updated. The listing description itself notes the property is 'ready for immediate transformation' and highlights the potential need for 'Age-Related System Updates' (electrical, plumbing, HVAC). While the property is functional and not in disrepair, it requires substantial renovation and modernization, particularly in the kitchen and bathrooms, to meet current quality and style standards for residential living.
Pros & Cons

Pros

Prime Downtown Location: Situated on a prominent corner in the heart of downtown Santa Barbara, offering immediate access to State Street, Alameda Park, and Alice Keck Memorial Garden.
Exceptional Development Potential: O-R zoning allows for a wide range of uses including single-family, multi-family, boutique hospitality, or mixed-use, providing significant investment flexibility.
Historic Architectural Character: An iconic 1930 Spanish Colonial Revival property featuring timeless details like wrought iron accents, red Spanish tile roofing, and an original gas fireplace.
Ample On-Site Parking: Features eight dedicated on-site parking spaces, a highly valuable and rare amenity for a downtown Santa Barbara property.
Generous Lot Size: Sits on a spacious 9,583 square foot lot, offering substantial outdoor space or potential for expansion in a dense urban environment.

Cons

Age-Related System Updates: Built in 1930, the property may require significant investment for updating core systems (e.g., electrical, plumbing, HVAC) to modern standards, despite being 'meticulously maintained'.
Unfinished Spaces & Renovation Costs: Includes an unfinished basement and is described as 'ready for immediate transformation,' implying substantial renovation costs to fully realize its versatile potential.
Conditional Zoning Approvals: While zoned for multiple uses, all proposed developments are 'subject to city approvals,' introducing potential delays, costs, and uncertainty in realizing alternative property configurations.
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