1410 Garden Street, Santa Barbara, CA 93101, Santa Barbara, 93101 - 14 bed, 12 bath
ACTIVE$3,898,700$6,400/sqft
1410 Garden Street, Santa Barbara, CA 93101
14Beds
12Baths
6,400Sqft
13,068Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Potential: This 5-plex property offers significant income potential with a desirable mix of four expansive three-bedroom and one large two-bedroom apartments, making it an attractive investment.
Top Cons:
Age of Construction: Built in 1976, the property may have original systems (plumbing, electrical, HVAC) that could require significant capital expenditures for updates or replacements in the near future.
Compared to the nearby listings
Price:$3.90M vs avg $1.77M (+$2,123,700)94%
Size:6,400 sqft vs avg 1,690 sqft94%
Price/sqft:$609 vs avg $60950%
More Insights
Built in 1976 (50 years old).
Condition: Built in 1976, this property features significantly outdated kitchens and bathrooms, consistent with styles from 30-50 years ago. The kitchens have dated wood cabinets, laminate countertops, and fluorescent lighting, while bathrooms display very old tile work and vanities. Although the property appears maintained and functional, it requires substantial aesthetic rehabilitation and potential system updates (as noted in the property analysis regarding original systems) to meet current market expectations, aligning with the 'poor' condition criteria.
Year Built
1976
Close
-
List price
$3.9M
Original List price
-
Price/Sqft
$609
HOA
$0
Days on market
-
Sold On
-
MLS number
25614303
Home ConditionPoor
Features
Good View:
Deck
Patio
View-
About this home
Discover an extraordinary investment opportunity just across the street from Alameda Park & Kids World. This distinguished 5-plex Spanish-style property captures the timeless character of Santa Barbara's architecture while offering exceptional income potential. The apartment mix includes 4 expansive three-bedroom apartments & 1 large two-bedroom apartment, each with fireplaces and private patios or balconies that invite outdoor living. Ample parking includes 5 covered spaces & 6 uncovered, a true luxury in this prime downtown location. First time ever on the market, this legacy property presents a once-in-a-generation chance to own a 5-plex where charm, location, and opportunity converge.
S
Stan Tabler
Listing Agent
Condition Rating
Poor
Built in 1976, this property features significantly outdated kitchens and bathrooms, consistent with styles from 30-50 years ago. The kitchens have dated wood cabinets, laminate countertops, and fluorescent lighting, while bathrooms display very old tile work and vanities. Although the property appears maintained and functional, it requires substantial aesthetic rehabilitation and potential system updates (as noted in the property analysis regarding original systems) to meet current market expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Exceptional Income Potential: This 5-plex property offers significant income potential with a desirable mix of four expansive three-bedroom and one large two-bedroom apartments, making it an attractive investment.
Prime Downtown Location: Situated directly across from Alameda Park & Kids World in a prime downtown Santa Barbara location, offering high tenant desirability and strong rental demand.
Ample Parking: The property boasts ample parking with 5 covered and 6 uncovered spaces, a rare and valuable amenity in a dense downtown area.
Charming Spanish-Style Architecture: The distinguished Spanish-style architecture captures the timeless character of Santa Barbara, enhancing its aesthetic appeal and market value.
Spacious Units with Private Amenities: Each apartment is spacious and includes desirable features such as fireplaces and private patios or balconies, enhancing tenant comfort and appeal.
Cons
Age of Construction: Built in 1976, the property may have original systems (plumbing, electrical, HVAC) that could require significant capital expenditures for updates or replacements in the near future.
Potential for Unit Modernization: While charming, the description does not specify recent comprehensive interior renovations across all units, suggesting some apartments may require modernization to maximize rental income and tenant appeal.
Absence of Key Modern Amenities: There is no mention of central air conditioning or in-unit laundry facilities, which are increasingly expected by tenants in a competitive market and could impact desirability or rental rates.