1111 E Cota Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
1111 E Cota Street
SANTA BARBARA, CA 93103
Property Price
SUMMARY
Analysis of 1111 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, placing it in the 25-40 year age bracket specified for a 'fair' rating. While the exterior and landscaping appear well-maintained and the construction is relatively modern for the Santa Barbara area, there is no evidence of recent major renovations. The architectural details, such as the window styles and awnings, reflect the original construction period, suggesting that interior components and major systems, while functional, are likely reaching the end of their primary lifecycle or are stylistically outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration
The property features three freestanding homes on a single lot, providing rare flexibility for high-yield rental income, multi-generational living, or a private family compound.
- 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 permanent tenant demand.
- Modern Construction
Built in 1999, these homes are significantly newer than the typical Santa Barbara housing stock, likely offering superior structural integrity and more modern utility systems.
CONSRISKS & DEFICIENCIES
- High Capital Requirement
The $3.34 million price point requires a significant down payment and strong financing, which may limit the buyer pool to institutional investors or high-net-worth individuals.
- Lot Density
Fitting three detached homes on a roughly 0.25-acre lot may result in limited private outdoor space and potential privacy concerns between the individual units.
- Increased Maintenance Overhead
Managing three separate freestanding structures involves higher long-term maintenance costs for roofs, exteriors, and landscaping compared to a single multi-unit building.
About 1111 E Cota Street
Nestled at the base of Santa Barbara's famed Lower Riviera lies this exceptional investment opportunity consisting of 3 freestanding homes located just minutes to Downtown Santa Barbara, The County Bowl, the Funk Zone, a wide arrange of shopping, & Santa Barbara's white sand beaches. Front house was built in the 20's and other two were '99. Each home is a 3BD/2BA with an attached 2-car garage ranging in size from 1,300 to 1,600 SF. Each home features its own laundry room, an exclusive outdoor living space, & is separately metered for all utilities. Adjacent & similar property is for sale as well at 1107 E Cota St. which is listed for the same price. Sale of 1111 E Cota St is subject to the simultaneous sale of the adjacent property located at 1107 E Cota St.
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 | 4,457 | 1,992.5 | 88% |
| Lot Size | 10,890 | 5,227 | 88% |
| Price | $3.34M | $3.06M | 88% |
| Price per sq ft | $749 | $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
$3,250,000
Public Record
Sold
Jul 15, 2011
$1,200,000
Public Record