1318 Kowalski Avenue, Santa Barbara, CA 93101, Santa Barbara, 93101 - 0 bed, 0 bath
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1318 Kowalski Avenue
Santa Barbara, CA 93101
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,385Sq Ft
6,100Lot Size
Property Price
LIST PRICE$2,195,000
EST. MARKET VALUE
$2,232,572
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Asset listed at $2,195,000, positioned well below the $2,232,573 Fair Market Value by 1.68%. This valuation gap offers $37,573 in Instant Equity. Featuring a Zoning R2 parcel with two freestanding homes, the property maintains a Condition Rating of 3, ensuring immediate rental readiness. With individual metering and a prime Westside location, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property in Santa Barbara.
Estimated Market Value
$2,232,572
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 |
|---|---|---|---|---|---|---|
★ 1318 Kowalski Avenue Subject | $2,195,000* List Price | 0 | 0 | 1,385 | $1,612 | - |
A 318 W Cota Street Active | $2,400,000 List Price | 0 | 0 | 1,318 | $1,821 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2000, the main home is 24 years old but shows meticulous maintenance and is move-in ready. The interior features updated flooring, stainless steel appliances, and a clean, functional kitchen and bathrooms. While the cabinetry and tile work are original to the build date, the property's 'immaculate' condition and lack of needed repairs elevate it above the 'Fair' rating despite its age.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Versatility
The property features two freestanding homes on a street-to-street R2 parcel with individual metering, offering excellent potential for rental income, multi-generational living, or an owner-user setup.
- Prime Coastal Location
Ideally situated in Santa Barbara's Westside, the property provides convenient access to downtown, the Mesa, and local beaches, ensuring high tenant desirability and long-term appreciation.
- Turnkey Condition
With one home built in 2000 and the other a meticulously maintained cottage, the property is move-in ready with modern updates, private yards, and individual garages for each unit.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With a total of 1,385 square feet split between two residences, the individual living areas are relatively small, which may limit appeal for buyers seeking spacious interiors.
- Tenant Occupancy Constraints
The second unit is currently occupied and restricted to appointment-only showings, which may complicate the due diligence process and delay immediate full possession for an owner-occupant.
About 1318 Kowalski Avenue
Two freestanding, well-maintained homes on one lot in a quiet corner of Santa Barbara's Westside, centrally located near downtown, the Mesa, and the beach. Situated on a street-to-street R2 parcel, each unit is a single-family home with its own driveway & individual metering. 1318 Kowalski, built in 2000, is a bright 2-story, 3-bedroom / 2-full bath home with beautiful flooring, handsome kitchen, large bedrooms with walk-in closets, private back yard and an immaculate garage with laundry area. Move-in ready and currently vacant, it is a great option as either an owner-occupied home or highly desirable rental. The second home, 1317 Gillespie, is currently rented and can only be shown by appointment. (Please do not disturb tenants!) This classic cottage boasts wood floors, an updated kitchen laundry room, one-car garage and private back yard. Meticulous care over the years makes this signature property a pride of ownership holding in any real estate portfolio.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 2000
- Lot Size
- 6,100 Sq. Ft.
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 | 1,385 | 1,614 |
| Lot Size | 6,100 | 8,365.125 |
| Price | $2.19M | $1.78M |
| Price per sq ft | $1.6K | $1.1K |
| Built year | 2000 | 1936 |
| HOA | $0 | $0 |
| Days on market | 8 | 43 |
Pricing History
Listed for Sale
Sep 1, 2026
$2,195,000
Initial Listing