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 Renovated 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. Boasting a Condition Rating of 2, the property features a main 1945 Craftsman with 9-foot coffered ceilings, three fireplaces, and a remodeled gourmet kitchen. With two additional rental units and off-street parking, it offers a rare blend of historic charm and passive income. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring a modern kitchen with new stainless steel appliances, quartz countertops, and shaker cabinetry. Bathrooms are updated with new vanities, tiling, and fixtures. The interior maintains high-quality standards with refinished hardwood floors, fresh paint, and preserved historic details like coffered ceilings and built-ins, showing no signs of deferred maintenance.
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.
This unique triplex configuration in a high-demand rental market offers excellent flexibility for an owner-occupant to live in the main craftsman home while generating significant passive income from the two additional units.
The main residence preserves its 1945 Craftsman charm with 9-foot coffered ceilings, original built-ins, hardwood floors, and three fireplaces, providing a level of detail and aesthetic appeal rarely found in modern builds.
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 listing price of $2.15 million for approximately 1,837 square feet, the property carries a high price-per-square-foot entry point that may challenge some investment yield expectations.
Great for someone who wants to live in one unit and rent the others units or for an excellent income generator in the heart of downtown. Front home is a 2 Bed 2 bath craftsman style home 9-foot ceilings, hard wood floors throughout, formal dining room off the living room with coffered ceilings and classic built ins. remodeled kitchen and bath with all new appliances. The main house has 3 fireplaces ! There is an adjacent 1 bedroom apartment with hardwood floors and a loft, A large 1 bedroom apartment behind the main house. Your opportunity to own a uniquely positioned triplex with off-street parking in prime downtown Santa Barbara. Close to the historic 4-star Upham Hotel. Great for someone who wants to live in one unit and rent the others units.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 1,837 | 1,301 | 75% |
| Lot Size | 9,075 | 4,791 | 90% |
| Price | $2.15M | $1.50M | 80% |
| Price per sq ft | $1.2K | $1.2K | 50% |
| Built year | 1945 | 1930 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 217 | 2% |
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