115 E Pedregosa Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 3 bed, 4 bath

115 E Pedregosa Street, SANTA BARBARA, CA 93101 home-pic-0

115 E Pedregosa Street

SANTA BARBARA, CA 93101

CLOSED
CONDITION: EXCELLENT
3Beds
4Baths
2,736Sq Ft
8,712Lot Size

Property Price

LIST PRICE$3,995,000

SUMMARY

Analysis of 115 E Pedregosa Street, SANTA BARBARA, CA 93101 is currently available with a list price of $3,995,000. 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.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This 1913 Craftsman has undergone an extensive and high-end restoration within the last five years, seamlessly blending historic character with modern luxury. The property features a gourmet kitchen with premium stainless steel appliances and marble countertops, updated recessed lighting, refinished hardwood floors, and a state-of-the-art see-through elevator. All components, including the windows, decking, and interior finishes, appear brand new and meet the highest quality standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Upper Eastside Location

    Situated in one of Santa Barbara's most prestigious neighborhoods, the property offers immediate proximity to the historic Mission, Rose Garden, and downtown amenities.

  • Exquisite Historic Restoration

    This 1913 Craftsman has been meticulously updated with custom carpentry and a unique see-through elevator, successfully blending timeless character with modern luxury.

  • Value-Add Development Potential

    The property includes approved plans and permits for a two-story, two-bedroom ADU and a pool, providing a clear path to increase square footage and equity.

CONSRISKS & DEFICIENCIES

  • Limited Bedroom Count

    With only three primary bedrooms, the home may not meet the needs of larger families or buyers requiring multiple dedicated guest suites and home offices.

  • Compact Lot Size

    The 0.2-acre lot is relatively modest for the price point, and the addition of the permitted ADU and pool would further limit the remaining private yard space.

  • Historic Maintenance Demands

    Despite the high-quality restoration, a home built in 1913 typically requires more specialized and frequent maintenance than a contemporary construction.

About 115 E Pedregosa Street

The charm of the Upper East has always held a certain magic, and this 1913 Craftsman is no exception. From the moment you arrive, its timeless architecture hints at the history within, and once inside, the story of character renewed for modern living unfolds. Thoughtful restoration has preserved the home's soul while elevating it with custom carpentry, designer details, and even a state-of-the-art see-through elevator. Light pours through generous windows, brightening living spaces designed for connection and comfort. At the heart of the home, the gourmet kitchen features high-end appliances and elegant finishes, opening through French doors to the outdoors for effortless al fresco dining. Upstairs, three bedrooms create a private wing for rest and retreat, complemented by an additional office that could also be utilized as a bedroom. The primary suite offers leafy treetop views, while additional bedrooms provide comfort and versatility for guests. Outdoors, a spacious deck invites you to savor Santa Barbara's weather, while a spa offers relaxation beneath the stars. Plans and permits for a two story two bedroom two bath ADU and a pool expand the possibilities, with potential Mills Act tax benefits adding to the property's appeal. Just moments from the Mission, Rose Garden, and downtown, this is a rare blend of history, design, and location.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1913
Lot Size
8,712 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths4.02.0
92%
Square foot2,7361,267.5
90%
Lot Size8,7124,138.2
90%
Price$3.90M$1.43M
95%
Price per sq ft$1.4K$1.1K
75%
Built year19131929
20%
HOA$0$0
50%
Days on market178184
50%

Pricing History

Sold

Nov 10, 2025

$3,900,000

Public Record

Listed for Sale

Sep 10, 2025

$3,995,000

Initial Listing

Sold

Mar 27, 2024

$2,850,000

Public Record

Sold

Mar 9, 2023

$3,095,000

Public Record

Browse Properties by State Browse housing market trends by state