1428 De La Vina Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 3 bed, 3 bath
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SANTA BARBARA, CA 93101
This Rare Downtown Triplex is a Strong Value Opportunity, listed at $2,150,000—positioned well below the $2,281,635 Fair Market Value by 5%. This valuation gap provides $131,635 in Instant Equity. Featuring a Condition Rating of 2, the property offers a renovated front residence with 9-foot ceilings, hardwood floors, and updated kitchens, plus two additional income-producing units. Located near the historic Upham Hotel, it balances modern updates with timeless charm. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing house-hack.
Property is new construction or fully renovated.
While originally built in 1945, the property has undergone high-quality recent renovations. The kitchen is updated with modern white shaker cabinetry, stone countertops, and stainless steel appliances. Bathrooms feature contemporary tiling, updated vanities, and modern fixtures. The interior shows well-maintained hardwood floors and fresh finishes throughout, indicating a renovation likely within the last 5 years and making it move-in ready with no immediate maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9075, living area = 1837.
Situated in the heart of Santa Barbara near the historic Upham Hotel, this property offers unbeatable walkability and high desirability for both long-term tenants and owner-occupants.
The rare triplex configuration allows for a flexible 'live-in-one, rent-the-others' lifestyle or a high-performing multi-unit income asset in a high-demand rental market.
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 = 564. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1837, other record living area = 1338. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property was recently sold within the past year on 2026-02-23. The sold price is $1,725,000.00.
With a list price of $2.15M for 1,837 square feet, the property commands a premium price point that may challenge the immediate cap rate for strictly yield-driven investors.
Prime downtown Santa Barbara investment opportunity! Rare triplex offering the ideal live-in-one, rent-the-others lifestyle or a standout income-producing asset. Charming front residence features 2 bedrooms, 2 baths, 9-foot ceilings, hardwood floors, formal dining, classic built-ins, updated kitchen and bath, plus 3 fireplaces. Additional units include a stylish 1-bedroom apartment with loft and a spacious rear 1-bedroom residence. Unbeatable downtown location near the historic Upham Hotel make this a truly exceptional ownership opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,837 | - |
| Lot Size | 9,075 | - |
| Price | $2.15M | $2.43M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 1945 | 0 |
| HOA | $0 | $0 |
| Days on market | 104 | 60 |
Apr 10, 2026
$2,150,000
Initial Listing
Feb 23, 2026
$1,725,000
Public Record
Nov 29, 2022
$1,535,000
Public Record
Aug 5, 2019
$880,000
Public Record
Dec 26, 2012
$635,000
Public Record