136 W Figueroa Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 3 bed, 3 bath

136 W Figueroa Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 136 W Figueroa Street, SANTA BARBARA, CA 93101 is currently available with a list price of $1,499,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1925 property is well-maintained but reflects its age and long-term use as an office space. The kitchen is significantly outdated, featuring basic cabinetry and a lack of modern residential appliances. Interior finishes include a mix of worn original hardwood and dated commercial-grade carpeting, while the upstairs features older wood paneling and basic fixtures. While the exterior and roof appear to be in good condition, the interior requires comprehensive modernization of the kitchen, bathrooms, and electrical fixtures to meet current residential standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated just moments from State Street and the historic Courthouse, this property offers unparalleled access to Santa Barbara's most vibrant amenities and professional hubs.
- Exceptional Parking
The rare wrap-around driveway provides parking for up to four vehicles, a significant and high-value luxury in a dense central Santa Barbara location.
- Versatile Zoning
Zoned for both residential and commercial use, the property offers incredible flexibility for live-work setups, creative studios, or professional offices.
CONSRISKS & DEFICIENCIES
- Regulatory Due Diligence
Transitioning the property between occupancy classifications requires extensive due diligence with the City of Santa Barbara regarding permitting and code requirements.
- Potential Modernization Needs
Given its 1925 construction and 'endless possibilities' description, the property may require significant capital investment to update systems and finishes to modern standards.
- Compact Lot Size
The 3,920-square-foot lot offers limited outdoor space and minimal room for future footprint expansion or additional landscaping.
About 136 W Figueroa Street
A Santa Barbara Original with Endless Possibilities Tucked into one of Santa Barbara's most sought-after locations, this charming and character-filled property sits just moments from State Street, the historic Courthouse, Cottage Hospital, and the waterfront. Whether you're dreaming of a creative workspace, a live-work setup, or something entirely your own, this is a space that invites imagination. Orig. built as a home and most recently used as an office, the layout offers flexibility and warmth you don't often find. The main level welcomes you with a reception area and conference space at the base of the stairs, two private offices, a kitchen, and a convenient half bath. Upstairs, a spacious room functions easily as an office, studio, or bedroom, complete with a full bathroom. One of the standout features is the rare wrap-around driveway with parking for up to four vehicles a true luxury in this central Santa Barbara location. Zoning & Use: The property is currently permitted for business use. The area is zoned for both residential and commercial uses. Buyer to conduct their own due diligence with the City of Santa Barbara regarding any change of use, occupancy classification, and permitting requirements.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 3,920.4 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
SANTA BARBARA Unified Schools
Roosevelt Elementary School
Grades K-6 • 1.1 mi
Santa Barbara Junior High School
Grades 7-8 • 1.1 mi
La Cumbre Junior High School
Grades 7-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,342 | 1,267.5 | 57% |
| Lot Size | 3,920.4 | 3,920.4 | 50% |
| Price | $1.50M | $1.43M | 52% |
| Price per sq ft | $1.1K | $1.1K | 50% |
| Built year | 1925 | 1929 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 184 | 8% |
Pricing History
Listed for Sale
Jan 22, 2026
$1,499,999
Initial Listing

























