1313 Castillo Street A B C, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
Analysis of 1313 Castillo Street A B C, SANTA BARBARA, CA 93101 is currently available with a list price of $2,350,000. 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.
Property is new construction or fully renovated.
The property underwent extensive renovations in 2024, including a new roof and gutter systems, new flooring throughout, and fully remodeled bathrooms with modern double vanities and fixtures. The kitchens are updated with new stainless steel appliances and white shaker cabinetry. These recent comprehensive upgrades, combined with well-maintained exteriors and new landscaping, meet the criteria for excellent condition with virtually new components and no deferred maintenance.
Extensive 2024 renovations including a new roof, gutter systems, flooring, and remodeled bathrooms significantly reduce immediate CAPEX requirements for a new owner.
Situated in the heart of Santa Barbara within the coveted Peabody School District, the property offers high walkability to dining and shopping, ensuring strong tenant demand.
With a projected gross monthly income of $12,500 and two units delivered vacant, the property provides immediate cash flow and flexibility for market-rate leasing or owner-occupancy.
Each two-bedroom unit contains only one bathroom, which may be a competitive disadvantage compared to more modern multi-family layouts featuring two bathrooms.
The provision of only one dedicated parking space per unit may be insufficient for multi-car households in a dense downtown area where street parking is often limited.
A classic California Craftsman Cottage complemented with twin townhomes completes this recently renovated downtown triplex. Each of the three units has two bedrooms and a bath, plus a private fenced yard, and a dedicated parking space. The two townhomes are offered vacant and were both previously rented at $4000/ month while the front cottage is occupied at $4500/ month. Upgrades since 2024 include new roof and gutter systems, new appliances, remodeled baths, new flooring, thoughtful landscaping and privacy enhancing fencing. The location is ideally close to the vibrant shopping and dining in downtown Santa Barbara, and convenient to biking and walking paths. Situated within the coveted Peabody School District enrollment area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | - | 2,527 | 24% |
| Lot Size | 6,969 | 10,018.8 | 24% |
| Price | $2.35M | $2.75M | 41% |
| Price per sq ft | $0 | $583 | 24% |
| Built year | 1988 | 1961 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 232 | 6% |
Mar 30, 2026
$2,350,000
Initial Listing