1416 Bath Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
1416 Bath Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 1416 Bath Street, SANTA BARBARA, CA 93101 is currently available with a list price of $4,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Despite its 1893 build date, the property has undergone an extensive, high-end renovation within the last 5 years, effectively repositioning it as a turnkey asset. The interiors feature brand-new kitchens with shaker cabinetry, quartz countertops, and stainless steel appliances, along with fully modernized bathrooms including glass-enclosed showers and contemporary tile. The presence of recessed lighting, updated flooring, and fresh paint throughout indicates that all major components meet current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated just two blocks from the Santa Barbara Public Market and the Theatre District, the property enjoys a highly walkable, 'A+' location in a supply-constrained submarket.
- Immediate Cash Flow
The asset is fully stabilized and generates a robust current income of $30,250 per month, providing durable and immediate returns for the investor.
- Turnkey Condition
Having been meaningfully repositioned, the property offers limited near-term capital exposure, allowing for hands-off ownership and reduced maintenance risk.
CONSRISKS & DEFICIENCIES
- Historic Structure
Originally built in 1893, the property's age may present long-term structural maintenance challenges or require specialized care typical of century-old buildings.
- Capped Appreciation
As a fully stabilized and repositioned asset, there may be limited immediate 'value-add' opportunities to significantly increase rents or equity in the short term.
- High Price Point
With a list price of $4.95 million for a boutique multifamily asset, the entry cost reflects a premium Santa Barbara valuation that may result in a lower cap rate compared to higher-yield markets.
About 1416 Bath Street
Bath Street Flats is a boutique multifamily investment located in one of Santa Barbara's most supply-constrained downtown submarkets, offering hands-off ownership and durable cash flow. Situated just two blocks from the Santa Barbara Public Market and minutes from the Theatre District, the property benefits from consistent tenant demand, strong rental performance, and full occupancy. The asset has been meaningfully repositioned, allowing a new owner to step into a fully stabilized investment with limited near-term capital exposure and current income of $30,250 per month. With high barriers to entry and limited turnover, the property is ideally suited for a 1031 exchange buyer, private investor, or family office seeking stable income and long-term capital preservation in Santa Barbara.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1893
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,555 | 2,228 | 74% |
| Lot Size | 10,454 | 8,712 | 65% |
| Price | $4.95M | $2.79M | 96% |
| Price per sq ft | $891 | $640 | 57% |
| Built year | 1893 | 1951 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 211 | 9% |
Pricing History
Listed for Sale
Jan 8, 2026
$4,950,000
Initial Listing
Sold
Sep 8, 2017
$2,340,000
Public Record