1210 Carpinteria Street, Santa Barbara, CA 93103, Santa Barbara, 93103 - 0 bed, 0 bath
Loading property details...
1210 Carpinteria Street
Santa Barbara, CA 93103
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,526Sq Ft
0Lot Size
Property Price
LIST PRICE$2,000,000
EST. MARKET VALUE
$1,718,942
16% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,000,000—positioned above the $1,718,942 Fair Market Value. Despite the premium, the R-2 Zoning and shovel-ready permits for a second 1,516 SF residence provide significant density upside. With a Condition Rating of 4, the existing home requires modernization, yet offers immediate cash flow. This asset is a strategic play for Buy-and-Hold Investors or Developers capable of managing ground-up construction and lot-split entitlements to maximize long-term yield.
Estimated Market Value
$1,718,942
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1210 Carpinteria Street Subject 0 bd · 0 ba · 1,526 sqft · $1,126 | $2,000,000* List Price | 0 | 0 | 1,526 | $1,126 | - |
A 124 Citrus Avenue Sold 0 bd · 0 ba · 1,456 sqft · $1,065 · 0.3 mi | $1,550,000 | 0 | 0 | 1,456 | $1,065 | 0.3 mi |
B 115 S Soledad Street Sold 0 bd · 0 ba · 1,530 sqft · $1,157 · 0.0 mi | $1,770,000 | 0 | 0 | 1,530 | $1,157 | 0.0 mi |
C 222 S Salinas Street Active 0 bd · 0 ba · 0 sqft · 0.2 mi | $1,800,000 List Price | 0 | 0 | 0 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1971, the home is over 50 years old and features a dated kitchen with older cabinetry, laminate counters, and vinyl flooring. While functional and currently tenant-occupied, the interior finishes, including the bedroom built-ins and doors, show significant age and require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Shovel-Ready Development
With permits already paid and issued for a second 1,516 SF detached residence, the property offers a rare, immediate start for construction in a high-demand market.
- Immediate Cash Flow
The existing 3-bedroom home is occupied by a long-term tenant generating $4,350 per month, providing steady income to offset carrying costs during the development process.
- Exceptional Value-Add Potential
The R-2 zoning, pending ADU conversion plans, and submitted lot split application provide multiple pathways to maximize density and significantly increase the property's future resale value.
CONSRISKS & DEFICIENCIES
- High Capital Requirement
Beyond the $2 million acquisition cost, the buyer will need substantial additional liquidity to fund the ground-up construction of the new residence and the ADU conversion.
- Construction Management Burden
The property's ultimate ROI is dependent on the buyer's ability to manage complex construction projects and navigate the final stages of the lot split process.
About 1210 Carpinteria Street
Rare chance to own an income-producing 3 bed/2 bath home with permits in hand for a second, detached 3 bed/2 bath residence on an 11,326 SF R-2 lot. - Existing home: long-term tenant, month-to-month at $4,350/mo - New home: permits paid and issued for a two-story, 1,516 SF 3 bed/2 bath with an oversized 586 SF two-car garage. Shovel ready. - ADU: plans submitted to convert the existing garage into a 1-bedroom ADU - Lot split: pre-application submitted; once approved, adds future flexibility Ideal for investors, 1031 exchange buyers, multi-generational living, or buyers seeking added income. Permits and plans on request. See flyer.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1971
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,526 | 1,517.75 |
| Lot Size | - | 6,905.063 |
| Price | $2.00M | $1.98M |
| Price per sq ft | $1.3K | $1.2K |
| Built year | 1971 | 1955 |
| HOA | $0 | $0 |
| Days on market | 8 | 69 |
Pricing History
Listed for Sale
Oct 16, 2026
$2,000,000
Initial Listing
Sold
Jul 13, 2021
$1,140,000
Public Record
Sold
Nov 13, 2019
$1,020,000
Public Record