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1416 Bath Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

1416 Bath Street, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$5,275,000$2,875/sqft
1416 Bath Street, SANTA BARBARA, CA 93101
0Bed
0Bath
2,875Sqft
10,454Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Downtown Location: Prime positioning two blocks from Santa Barbara Public Market and Theatre District, boasting a 93 Walk Score and 94 Biker's Paradise rating, ensuring high tenant demand and convenience.
Top Cons:
High Entry Price Point: The list price of $5,275,000 represents a significant capital outlay, potentially narrowing the buyer pool and requiring a strong financial position.

Compared to the nearby listings

Price:$5.28M vs avg $1.77M (+$3,500,000)94%
Size:2,875 sqft vs avg 1,690 sqft63%
Price/sqft:$1.8K vs avg $62488%

More Insights

Built in 1893 (133 years old).
Condition: Despite being built in 1893, the property has undergone extensive and high-quality renovations, as explicitly stated in the description and clearly visible in the images. The kitchens feature modern white cabinetry, stainless steel appliances, subway tile backsplashes, and contemporary patterned flooring. Bathrooms are similarly updated with new vanities, modern fixtures, and tiled walk-in showers. All major components appear new or virtually new, meeting current quality standards, and a new ADU was constructed in 2022, indicating a comprehensive and recent overhaul.
Year Built
1893
Close
-
List price
$5.28M
Original List price
-
Price/Sqft
$1,835
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3721
Home ConditionExcellent
Features
View-

About this home

Nestled just two blocks from the Santa Barbara Public Market and minutes from the Theatre District, Bath Street Flats is a boutique Victorian-style property offering a perfect blend of historic charm and modern upgrades. Boasting a 93 Walk Score and 94 Biker's Paradise rating, this prime location places tenants within easy reach of the city's best dining, shopping, and cultural experiences. Originally built in the Queen Anne architectural style, the property has been restored and upgraded to meet today's standards while maintaining its timeless character. Units have been remodeled with high-end finishes, creating stylish, comfortable living spaces that attract quality tenants. A newly constructed ADU (2022) adds additional value, while off-street parking and a modernized on-site laundry facility further enhance tenant convenience. This is a well stabilized investment opportunity, ideal for a 1031 exchange or long-term hold. With its unbeatable downtown location, consistent rental demand, and exceptional curb appeal, Bath Street Flats stands out as an ideal option for a hands-off investor.

J
Jonathan Standring
Listing Agent

Price History

Date
Event
Price
09/08/17
Sold
$2,340,000
Condition Rating
Excellent
Despite being built in 1893, the property has undergone extensive and high-quality renovations, as explicitly stated in the description and clearly visible in the images. The kitchens feature modern white cabinetry, stainless steel appliances, subway tile backsplashes, and contemporary patterned flooring. Bathrooms are similarly updated with new vanities, modern fixtures, and tiled walk-in showers. All major components appear new or virtually new, meeting current quality standards, and a new ADU was constructed in 2022, indicating a comprehensive and recent overhaul.
Pros & Cons

Pros

Exceptional Downtown Location: Prime positioning two blocks from Santa Barbara Public Market and Theatre District, boasting a 93 Walk Score and 94 Biker's Paradise rating, ensuring high tenant demand and convenience.
Historic Charm with Modern Renovation: A meticulously restored 1893 Queen Anne Victorian property, blending timeless architectural character with high-end modern finishes in all units.
Value-Add ADU & Stabilized Income: Includes a newly constructed (2022) Accessory Dwelling Unit (ADU) and is presented as a well-stabilized investment with consistent rental demand, ideal for long-term hold.
Tenant-Centric Amenities: Offers desirable amenities such as off-street parking and a modernized on-site laundry facility, enhancing tenant convenience and property appeal.
Turnkey Investment Opportunity: Positioned as an ideal 'hands-off' investment, suitable for a 1031 exchange, indicating a ready-to-perform asset for investors.

Cons

High Entry Price Point: The list price of $5,275,000 represents a significant capital outlay, potentially narrowing the buyer pool and requiring a strong financial position.
Potential for Age-Related Maintenance: Despite modern upgrades, the original 1893 construction may present unforeseen maintenance challenges or require specialized care for historic elements over time.
Lack of Detailed Financials/Unit Mix: The description does not provide specific details on the number of units (beyond ADU), current rental income, occupancy rates, or expense breakdown, which are crucial for investor due diligence.
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