1109 Las Olas Avenue, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 4 bed, 3 bath
1109 Las Olas Avenue
SANTA BARBARA, CA 93109
Property Price
SUMMARY
Analysis of 1109 Las Olas Avenue, SANTA BARBARA, CA 93109 reveals a property with a current list price of $3,650,000, which is 13% above the estimated $3,142,334 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 Las Olas Avenue Subject | $3,650,000* List Price | 4 | 3 | 1,464 | $2,146 | - |
A 530 Ricardo Avenue Sold | $2,700,000 | 4 | 2 | 1,435 | $1,882 | 0.9 mi |
B 611 Miramonte Drive Sold | $3,910,000 | 3 | 3 | 1,744 | $2,242 | 0.4 mi |
C 1102 Del Mar Avenue Active | $2,720,000 List Price | 4 | 2 | 1,300 | $2,092 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1926, this property has undergone extensive and high-quality modern renovations, as evidenced by the images and description. The main kitchen features new white shaker cabinets, quartz countertops, a farmhouse sink, and professional-grade stainless steel appliances (Viking range). Both main residence bathrooms are fully updated with modern vanities, subway tile, glass shower enclosures, and contemporary fixtures. The ADU also boasts a new, stylish kitchenette and bathroom. Flooring throughout is new wood-look laminate/engineered wood, and lighting is modern recessed or decorative. All components appear new or virtually new, reflecting current quality standards and a recent, comprehensive overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1464.
- Prime Mesa Location
Situated in one of the Mesa's most desirable neighborhoods, offering convenient access to Leadbetter Beach, Shoreline Park, the Harbor, Mesa Village, and Washington Elementary.
- Income-Generating ADU
Features a fully permitted Accessory Dwelling Unit (ADU) with vaulted ceilings, a full kitchen, bath, and AC, providing excellent potential for guest accommodation or rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1464, other record living area = 1818.
- Age of Main Residence
Built in 1926, the main residence, despite modern upgrades, may present ongoing maintenance considerations typical of older homes.
- Lack of Central AC in Main Residence
While the ADU includes AC, the description does not specify a cooling system for the main residence, which could be a drawback during warmer periods.
About 1109 Las Olas Avenue
Located in one of the Mesa's most desirable neighborhoods, this Spanish-style home blends timeless charm with modern upgrades and a coastal feel. The single-level main residence offers 3 bedrooms and 2 baths, plus a fully permitted ADU with vaulted ceilings, full kitchen and bath, and AC - ideal for guests or rental income. A full-footprint basement provides ample storage and utility access. Inside, vaulted ceilings, abundant natural light, and vintage-meets-modern details create a warm, inviting atmosphere. Lush, mature landscaping enhances privacy and a resort-like setting. The front yard features a tiled patio, built-in firepit, and lounge area, while the south-facing backyard deck captures ocean views and overlooks the .18-acre lot with fruit trees and water feature. Minutes to Leadbetter Beach, Shoreline Park, the Harbor, Mesa Village, and Washington Elementary, this home offers classic Spanish style, ocean views, and flexible living options on the Mesa.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 7,840.8 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | 4.0 | 3.0 | 60% |
| Baths | 3.0 | 2.0 | 55% |
| Square foot | 1,464 | 1,645.5 | 33% |
| Lot Size | 7,840.8 | 8,712 | 45% |
| Price | $3.65M | $2.51M | 77% |
| Price per sq ft | $2.5K | $1.5K | 93% |
| Built year | 1926 | 1959 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 179 | 13% |
Pricing History
Listed for Sale
Dec 8, 2025
$3,650,000
Initial Listing
Sold
May 26, 2023
$3,490,000
Public Record
Sold
Aug 29, 2017
$1,770,000
Public Record
Sold
Oct 7, 2011
$798,500
Public Record
Sold
Oct 7, 2011
$798,500
Public Record
Sold
Oct 27, 2010
$400,000
Public Record