1424-1428 De La Vina Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
This Legal Triplex Asset is a Strong Value Opportunity, listed at $2,150,000—positioned slightly above the $2,068,305 Fair Market Value. Despite the premium, the property offers high-end Recent Renovations and an Excellent Condition Rating, ensuring immediate rental readiness. Featuring a main residence with an attached apartment and a detached cottage, this property provides exceptional versatility in a prime downtown location. With its Distant Mountain Views and high walkability, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1424-1428 De La Vina Street Subject | $1,995,000* List Price | 0 | 0 | 1,837 | $1,067 | - |
A 1111-1113 Olive Street Sold | $1,805,000 | 0 | 0 | 0 | 0.7 mi | |
B 916 W Micheltorena Street Active | $1,895,000 List Price | 0 | 0 | 1,910 | $992 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1945, the property has undergone high-end recent renovations (likely <5 years). The kitchens feature modern white shaker cabinetry, stone countertops, and stainless steel appliances. The interiors are in mint condition with refinished hardwood floors, updated recessed lighting, and modernized bathrooms, requiring no immediate maintenance.
As a rare legal triplex featuring a main home, an attached apartment, and a detached cottage, this property offers exceptional flexibility for owner-users seeking rental income or investors looking for a multi-unit asset.
Situated in the heart of Santa Barbara, the property provides immediate walkability to premier shopping, dining, and coastal amenities, ensuring high demand and long-term appreciation potential.
The residences retain classic Santa Barbara charm with features such as rich wood floors, built-ins, and three fireplaces in the main house, providing a unique aesthetic that distinguishes it from modern developments.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9075, other record lot size in square feet = 9147.
With only 1,837 total square feet distributed across three separate units, the individual living areas are relatively compact, which may limit appeal for tenants or owners desiring more spacious interiors.
Given the 1945 construction date, the property likely requires ongoing maintenance or capital improvements to aging systems to meet modern efficiency standards and maximize rental yields.
Rare legal triplex opportunity in the heart of downtown Santa Barbara offering character, flexibility, and income potential. The property consists of a two bedroom with two bath home with an attached apartment & a detached cottage residence. Ideal for multigenerational living, owner-users, investors, tenants, guests, or extended family. 1428A is a classic 2-bedroom, 2-bath Santa Barbara cottage-style residence featuring rich wood floors, beautiful c built-ins, warm inviting living spaces, and three fireplaces throughout the home, including one in each bedroom and one in the living room. The kitchen is equipped with a refrigerator and gas stove. Attached to the main residence, 1428B offers abundant natural light, elevated ceilings, a kitchen with refrigerator, ( CONTINUE RE (CONTINUED) gas stove, and microwave, along with a one-bedroom, one-bath layout featuring a loft space positioned above the bedroom, adding flexibility and charm to the living area. The detached third residence, 1424, includes a bedroom, bathroom, kitchen with refrigerator and gas stove, washer and dryer, private yard space, plus an additional detached shed structure with its own separate yard area, creating even more versatility and outdoor potential. Ideally located near downtown shopping, dining, and the vibrant coastal lifestyle, this unique property blends timeless Santa Barbara charm with exceptional versatility and investment potential.
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 | 1,837 | 4,800 | 22% |
| Lot Size | 9,075 | 10,971 | 44% |
| Price | $2.00M | $2.80M | 22% |
| Price per sq ft | $1.1K | $558 | 78% |
| Built year | 1945 | 1950 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 214 | 11% |
May 28, 2026
$1,995,000
$2,150,000
-7% Price Drop
Initial Listing
May 11, 2026
$2,150,000
Initial Listing
Mar 22, 2024
$1,500,000
Public Record