1325 Panchita Place, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 0 bed, 0 bath
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SANTA BARBARA, CA 93103
This Versatile Residential Income Duplex is listed at $1,995,000, representing a premium turnkey asset in Santa Barbara’s historic Bungalow District. While the $1,706,665 Fair Market Value reflects a more conservative automated estimate, the property’s Good Condition Rating and high-end finishes, including Carrera marble and mountain views, justify its market position. Featuring two 2-bedroom units with private patios, this 1918 property offers immediate rental income or multi-generational flexibility. It is a sophisticated choice for Owner-Occupants or Buy-and-Hold Investors seeking long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1325 Panchita Place Subject | $1,995,000* List Price | 0 | 0 | 1,997 | $855 | - |
A 1803 Grand Avenue Sold | $1,995,000 | 0 | 0 | 2,568 | $777 | 0.5 mi |
B 513 E Pedregosa Street Active | $2,395,000 List Price | 0 | 0 | 0 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1918 duplex is exceptionally well-maintained and move-in ready, qualifying it for a 'good' rating despite its age. The property features a blend of preserved historic charm and modern updates, particularly in the lower unit which boasts an updated kitchen with Carrera marble countertops and stainless steel appliances, along with a renovated spa-like bathroom. The upper unit remains functional and clean with vintage details and wood flooring. The exterior, roofing, and landscaping appear to be in good condition with no obvious signs of deferred maintenance, though the century-old infrastructure and original windows suggest it hasn't undergone the full-scale structural renovation required for an 'excellent' rating.
Situated in Santa Barbara's highly sought-after Bungalow District, this property offers excellent proximity to downtown amenities and a high-demand rental market.
The duplex configuration with two 2-bedroom units provides significant flexibility for multi-generational living, owner-occupancy with rental income, or a pure investment strategy.
The property beautifully blends 1918 vintage character, such as original wood floors and mountain views, with high-end modern finishes like Carrera marble and stainless steel appliances.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1997, other record living area = 1034.
Originally built in 1918, the property may require ongoing maintenance or future capital expenditures to address aging systems common in historic structures.
Each 2-bedroom unit features only a single bathroom, which may be a limitation for some modern tenants or buyers at this price point.
Charming duplex offering character, flexibility & indoor-outdoor living in the desirable Bungalow District. This 2-story property features two 2-bed | 1-bath units, with the upper unit positioned at street level and the lower unit opening to its own patios below along the natural slope of the lot. The upper unit is filled with natural light and showcases mountain views, a sunroom, wood floors, vintage details, original windows, a fireplace, and a Jack & Jill bath. The lower unit features an updated kitchen with stainless appliances, Carrera marble counters, a spa-like bath with jet tub, and a large private outdoor sitting area. Both units enjoy in-unit laundry, separate water heaters, storage, and a well-maintained setting in a prime Santa Barbara location with charming details throughout
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 | 1,997 | 1,997 | 50% |
| Lot Size | 4,792 | 4,791.6 | 56% |
| Price | $2.00M | $2.00M | 50% |
| Price per sq ft | $999 | $999 | 50% |
| Built year | 1918 | 1918 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 170 | 11% |
Apr 14, 2026
$1,995,000
Initial Listing
Aug 7, 2000
$595,000
Public Record
May 23, 1997
$325,000
Public Record