1107 E Cota Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
1107 E Cota Street
SANTA BARBARA, CA 93103
Property Price
SUMMARY
Analysis of 1107 E Cota Street, SANTA BARBARA, CA 93103 is currently available with a list price of $3,340,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1999, making it 26 years old, which aligns with the 'Fair' criteria for homes built 25-40 years ago without major recent renovations. While the exterior images show well-maintained stucco, roofing, and landscaping, the lack of interior photos suggests that the kitchens and bathrooms likely retain original 1990s styles and features. The systems are described as functional and separately metered, but based on the age, they are likely nearing the end of their primary lifespan and may show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated at the base of the Lower Riviera, the property is minutes from Downtown Santa Barbara, the Funk Zone, and white sand beaches, ensuring high tenant demand.
- Modern Infrastructure
Built in 1999, these homes feature separate utility meters, individual laundry rooms, and attached two-car garages, significantly reducing owner management overhead.
- Condo Conversion Potential
Originally designed as condominiums, the property offers a unique exit strategy for investors to potentially sell the units individually for a premium.
CONSRISKS & DEFICIENCIES
- High Capital Requirement
With a list price of $3.34M, the property requires a significant down payment and high entry cost, which may limit the pool of qualified buyers.
- Maintenance Intensity
Managing three separate freestanding structures and their individual outdoor spaces can be more costly and labor-intensive than maintaining a single multi-unit building.
- Density Constraints
Adding an ADU to the 10,890 SF lot may compromise the existing private outdoor living spaces and impact the overall flow and parking of the complex.
About 1107 E Cota Street
Nestled at the base of Santa Barbara's famed Lower Riviera lies this exceptional investment opportunity consisting of three freestanding homes located just minutes to Downtown Santa Barbara, Santa Barbara's County Bowl, the Funk Zone, a wide arrange of shopping, and Santa Barbara's white sand beaches. Constructed in 1999, each home is a 3BD/2BA with an attached two-car garage ranging in size from 1,300 to 1,600 SF. Each home features its own laundry room, an exclusive outdoor living space, and is separately metered for all utilities. Adjacent and similar property is for sale as well at 1111 E Cota Street which is listed for the same price. Sale of 1107 E Cota Street is subject to the simultaneous sale of the adjacent property located at 1111 E Cota Street. Originally designed and built to be condominiums, this offering represents a truly unique opportunity for a wide array of buyers, including owner-occupants, apartment investors, 1031 exchange buyers, employee housing buyers, and/or value-add buyers interested in adding one accessory dwelling unit or converting the homes into individual condos. CLA for details.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1999
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,394 | 1,992.5 | 88% |
| Lot Size | 10,890 | 5,227 | 88% |
| Price | $3.34M | $3.06M | 88% |
| Price per sq ft | $760 | $977 | 38% |
| Built year | 1999 | 1918 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 130 | 135 | 50% |
Pricing History
Listed for Sale
Oct 28, 2025
$3,340,000
Initial Listing
Sold
Aug 31, 2022
$3,200,000
Public Record