1226 N Salsipuedes Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 0 bed, 0 bath
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SANTA BARBARA, CA 93103
Analysis of 1226 N Salsipuedes Street, SANTA BARBARA, CA 93103 is currently available with a list price of $2,750,000. 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.
Property is moderate renovation needed.
The property appears to be a well-kept but dated multi-unit building likely from the 1960s or 70s. While the interior shows some cosmetic updates like newer laminate flooring, the presence of older wall heaters, original aluminum window frames, and aged exterior wood railings indicates the systems and fixtures are over 20 years old and need modernization.
Situated in the highly desirable 93103 zip code of Santa Barbara, this property benefits from a robust rental market with historically low vacancy rates and strong long-term appreciation potential.
The generous 10,019 square foot lot provides significant space for potential expansion, the addition of Accessory Dwelling Units (ADUs), or enhanced outdoor living areas to increase tenant appeal.
As a multi-unit residential income property, it offers a diversified revenue stream and the flexibility for an owner-user to occupy one unit while offsetting the mortgage with rental income.
The $2.75 million list price represents a significant capital requirement, which may result in a lower initial capitalization rate compared to other investment markets.
Given the typical age of income properties in this historic area, the buyer should anticipate potential costs for deferred maintenance or modern upgrades to command top-tier market rents.
Exceptional opportunity in SANTA BARBARA. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | - | - |
| Lot Size | 10,019 | - |
| Price | $2.75M | $2.13M |
| Price per sq ft | $0 | $813 |
| Built year | 0 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 47 |
Jul 2, 2026
$2,750,000
Initial Listing