1129 San Andres Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 2 bed, 1 bath
1129 San Andres Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1129 San Andres Street Subject | $1,725,000* List Price | 2 | 1 | 1,045 | $1,613 | - |
A 834 W Valerio Street Active | $1,500,000 List Price | 4 | 2 | 988 | $1,518 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1951, the home is in largely original condition and requires substantial rehabilitation. The kitchen features severely damaged and peeling linoleum flooring, dated cabinetry, and old appliances. The listing explicitly markets the property as a development opportunity, suggesting the structure's value is secondary to the land.
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 = 10890, living area = 1045.
- Development Potential
The expansive 10,750 sq. ft. lot is zoned R-2, allowing for one unit per 3,500 sq. ft., which presents a prime opportunity to develop multiple residential units.
- Rare Infrastructure Features
The property includes an existing well and alley access, providing significant utility flexibility and cost-saving advantages for future construction and landscaping.
CONSRISKS & DEFICIENCIES
- High Entry Price
At a list price of $1.725M, the acquisition cost is high for a property where the primary value is in the land, potentially tightening margins for developers.
- Dated Existing Structure
Built in 1951, the current 1,045 sq. ft. home likely requires significant modernization or demolition to reach the property's highest and best use.
- Limited Existing Bathrooms
The current residence features only one bathroom, which may limit its appeal to premium renters or families during the holding period.
About 1129 San Andres Street
Investor's Dream... A Rare Development Opportunity in Santa Barbara. Acquire a development-ready property in beautiful Santa Barbara. This expansive 10,750 sq. ft. lot is zoned R-2, allowing for one residential unit per 3,500 sq. ft., offering strong potential for multiple units. The property currently features a 3-bedroom, 1-bath single family residence with approximately 1,045 sq. ft. of living space providing immediate rental income or holding potential while planning future development. Additional highlights include a 2-car detached garage, large shed, bountiful producing fruit trees, alley access and an existing well, adding flexibility and value for future use. Perfect for investors, builders, or developers seeking a prime opportunity in a highly desirable coastal market.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
SANTA BARBARA Unified Schools
Harding University Partnership
Grades K-6 • 0.5 mi
Adams Elementary School
Grades K-6 • 1.7 mi
La Cumbre Junior High School
Grades 7-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 43% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 1,045 | 1,224.5 | 38% |
| Lot Size | 10,890 | 4,138.2 | 95% |
| Price | $1.73M | $1.43M | 62% |
| Price per sq ft | $1.7K | $1.1K | 85% |
| Built year | 1951 | 1930 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 184 | 5% |
Pricing History
Listed for Sale
Feb 3, 2026
$1,725,000
Initial Listing