1322 E Cota Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 3 bed, 2 bath
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SANTA BARBARA, CA 93103
This Architectural Riviera View Home is a Strong Value Opportunity, listed at $2,850,000—positioned well below the $3,024,288 Fair Market Value by 5%. This valuation gap provides $174,288 in Instant Equity. Designed by Alex d'Alfonso, the property features an Excellent Condition Rating with a separate lower-level suite for income or guests. Boasting panoramic ocean views, a chef's kitchen, and a private spa, it blends historic charm with modern luxury. This is an ideal acquisition for Owner-Occupants seeking a lifestyle upgrade or Luxury House-Hackers looking to leverage the secondary dwelling.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1322 E Cota Street Subject | $2,850,000* List Price | 3 | 2 | 1,606 | $1,883 | - |
A 285 Las Alturas Road Active | $3,298,000 List Price | 2 | 2 | 1,451 | $2,273 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1941, the property has undergone an extensive and meticulous renovation within the last 5 years. The interior features high-end modern finishes including a chef's kitchen with CaesarStone countertops, premium appliances, and designer lighting. The home boasts new oak flooring, a new roof, updated systems, and is in complete turnkey condition with no signs of deferred maintenance.
The property offers sweeping city, ocean, and island views from expansive windows and over 1,000 sq. ft. of outdoor living space, capturing the quintessential Santa Barbara Riviera lifestyle.
A fully appointed, separate lower-level dwelling with its own kitchen, laundry, and flexible studio space provides excellent opportunities for guest housing, a private home office, or rental income.
Designed by noted architect Alex d'Alfonso and meticulously updated with a new roof, modern systems, and designer finishes, this home blends historic 1941 charm with modern, move-in-ready luxury.
At a list price of $2.85M for 1,606 sq. ft., the property carries a premium valuation that may challenge buyers looking for more interior square footage at this price point.
The separation of living quarters across two levels with only two bedrooms on the main floor may be a drawback for families with young children who prefer contiguous sleeping areas.
BIG OCEAN VIEWS + LOCATION + NATURAL LIGHT You either have them or you don't :: 1322 E. Cota has ALL THREE in abundance! Perched in Santa Barbara's much sought-after Lower Riviera/Upper East neighborhood just above picturesque Chiquita Road, this timeless 1941 residence—originally designed by noted architect Alex d'Alfonso—blends classic California charm with modern sophistication. Meticulously updated to preserve its architectural integrity, the home offers luxurious, turnkey living in one of the city's most desirable settings. Enjoy sweeping city, ocean, and island views from the expansive - D'Alfonso-designed -windows, plus more than 1,000 sq. ft. of exceptional outdoor space. Terraces meander through Mediterraneaninspired gardens with lavender, olive and fruit trees, a cozy firepit lounge, and an inviting hot tub, creating a serene, park-like retreat just minutes from downtown, the waterfront, and the harbor. The main level features 2 bedrooms and 1 bath, along with an airy open-concept living room, dining area, and kitchen wrapped in windows that fill every space with natural light. Custom details include warm oak floors, CaesarStone countertops, designer lighting, premium appliances, and a charming gas fireplace. The lower level offers a beautiful, fully appointed, separate dwelling, ideal for guests, a private home office, or an income opportunity. This suite includes an elegant living and dining area, quality kitchen, spacious bedroom, full bath, and an extra - flexible - room perfect for a home office, studio, or fitness space. Dual laundry facilities ensure effortless day-to-day convenience. With its architectural pedigree, panoramic views, and rare blend of privacy and proximity, this exceptional property represents Santa Barbara living at its finest. Offered move-in ready! May be available partially furnished. Features include: new roof and additional gutter system, new Hydroviv water filtration system and garbage disposal in Unit #1, new washer/dryer in Unit #2, drought-tolerant landscaping, fruit trees, fire pit, hot tub, water feature, covered lower patio, open upper deck, gas fireplace, plus an excellent maintenance history.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,606 | 1,797 | 49% |
| Lot Size | 6,098 | 10,018.8 | 32% |
| Price | $2.85M | $2.09M | 65% |
| Price per sq ft | $1.8K | $1.1K | 73% |
| Built year | 1941 | 1940 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 196 | 16% |
Feb 2, 2026
$2,850,000
Initial Listing
Nov 7, 2022
$2,500,000
Public Record
Nov 6, 2020
$1,750,000
Public Record
Apr 4, 2003
$790,000
Public Record
Sep 6, 2001
$719,000
Public Record