110 S Salinas Street D, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 3 bed, 3 bath

110 S Salinas Street D, SANTA BARBARA, CA 93103 home-pic-0

110 S Salinas Street D

SANTA BARBARA, CA 93103

ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,468Sq Ft
Lot Size

Property Price

LIST PRICE$1,200,000
EST. MARKET VALUE
$1,277,474
6% BelowMARKET VALUE

SUMMARY

Analysis of 110 S Salinas Street D, SANTA BARBARA, CA 93103 reveals a Prime Investment Opportunity with a current list price of $1,200,000—significantly undercutting the $1,277,474 Fair Market Value by 6%. This valuation gap indicates a +$77,474 Instant Equity potential for buyers. 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.

Estimated Market Value

$1,277,474 +$77,474 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in SANTA BARBARA.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
110 S Salinas Street D
Subject
$1,200,000*
List Price
331,468$870-
A
302 N Soledad Street
Sold
$1,240,000321,316$9420.5 mi
B
535 N Quarantina Street
Sold
$1,230,000531,393$8831.0 mi
C
1332 Pitos Street
Sold
$1,025,000431,073$9550.4 mi
D
322 S Voluntario Street
Sold
$1,150,000321,780$6460.4 mi
E
21 La Cadena Street
Active
$1,525,000
List Price
330.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 1987, this property is well-maintained and move-in ready. It features high-quality materials such as hardwood floors and custom Spanish-tiled bathrooms with thoughtful upgrades. While it does not meet the 'excellent' criteria for a full recent renovation, the home's condition exceeds 'fair' due to its functional layout, updated aesthetic, and the addition of a versatile attached studio.

PROSSTRENGTHS & OPPORTUNITIES

  • Detached Living Privacy

    As a freestanding residence with no shared walls, this property offers the privacy and quiet of a single-family home while benefiting from the structure of a small four-unit enclave.

  • Income & Versatility Potential

    The attached studio with its own private entrance is a high-value asset, perfect for generating rental income, hosting guests, or serving as a dedicated professional home office.

  • Exceptional Parking & Storage

    Rare for condominium living, the property includes a detached garage plus two additional off-street parking spaces and a large usable crawl space configured as a workshop.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1468, other record living area = 1322.

  • Low Available Lot Utilization

    The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 558, living area = 1322.

  • Association Fee Obligations

    The $400 monthly association fee adds an ongoing carrying cost that buyers of traditional single-family homes in this price point might find less desirable.

About 110 S Salinas Street D

A Hidden Gem, Available for the First Time in 25 Years. This freestanding residence within an intimate four-unit enclave offers the privacy of a single-family home with no shared walls. Sunlight pours through expansive windows from morning to evening, filling the home with warmth and energy. Hardwood floors anchor the main living spaces, while the spacious living room with fireplace opens to a private balcony, creating seamless indoor-outdoor flow.The kitchen and dining area are naturally bright and inviting. A generously sized laundry room adds everyday convenience. A standout feature is the attached studio with its own private entrance -- ideal for guests, extended family, a private office, creative space and or additional income.The primary suite is gracious in scale and features a custom Spanish-tiled bath and abundant closet space. Additional bedrooms are versatile and well-proportioned, and the bathrooms throughout reflect thoughtful upgrades. Below the home, a substantial usable crawl space functions beautifully as a workshop or workbench room and provides valuable additional storage. Detached garage with exceptional capacity, along with TWO additional off-street parking spaces -- an uncommon luxury in condominium living. A private yard offers space for gardening, quiet mornings, or relaxed evenings. Bright, private, and remarkably functional -- this is a rare opportunity in a desirable setting.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1987
Lot Size
-

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$400 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,4681,922
36%
Lot Size-10,018.8
11%
Price$1.20M$2.12M
27%
Price per sq ft$817$1.0K
36%
Built year19871949
89%
HOA$400$0
93%
Days on market17199
2%

Pricing History

Listed for Sale

Feb 18, 2026

$1,200,000

Initial Listing

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