130 W Padre Street, Santa Barbara, CA 93105, Santa Barbara, 93105 - 0 bed, 0 bath
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130 W Padre Street
Santa Barbara, CA 93105
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
0Sq Ft
0Lot Size
Property Price
LIST PRICE$2,995,000
SUMMARY
New 2023 remodeled multifamily asset locate on the corner of W. Padre and De La Vina Streets. This multifamily investment property consists of eight (8) 1 bedroom | 1 bathroom apartments in close proximity to Cottage Hospital and Downtown Santa Barbara. Renovations include new exterior and interior cosmetic upgrades, plumbing and electrical upgrades, and landscaping. This garden-style apartment complex also features on-site laundry and parking, convenient freeway access and walking distance to various restaurants, markets and many other amenities.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive 2023 remodel (less than 5 years ago), which included interior and exterior cosmetic upgrades, as well as essential plumbing and electrical system updates, meeting the criteria for mint condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2023 Renovation
The property underwent a full remodel in 2023, including interior and exterior cosmetic upgrades plus essential plumbing and electrical improvements, offering a turnkey solution with reduced immediate CapEx.
- Prime Rental Location
Situated near Cottage Hospital and Downtown Santa Barbara, the property is ideally located to attract high-quality tenants, including medical professionals and urban commuters.
- Desirable Tenant Amenities
The asset features highly sought-after amenities for the area, including on-site laundry, dedicated parking, and a walkable 'garden-style' layout close to local markets and restaurants.
CONSRISKS & DEFICIENCIES
- Limited Unit Diversity
The portfolio consists exclusively of 1-bedroom, 1-bathroom units, which may limit the tenant demographic and potentially lead to higher turnover compared to multi-bedroom family units.
- Vintage Structural Age
Despite the extensive 2023 renovations, the original 1962 construction may still present long-term maintenance challenges inherent to older building footprints and foundations.
About 130 W Padre Street
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1962
- 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 | - | 1,517.75 |
| Lot Size | - | 6,905.063 |
| Price | $3.00M | $1.98M |
| Price per sq ft | $0 | $1.2K |
| Built year | 1962 | 1955 |
| HOA | $0 | $0 |
| Days on market | 16 | 69 |
Pricing History
Listed for Sale
Oct 8, 2026
$2,995,000
Initial Listing
Sold
Mar 2, 2023
$2,800,000
Public Record
Sold
Dec 1, 1997
$575,000
Public Record