15 W Padre Street, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 5 bed, 3 bath
ACTIVE$2,699,000/sqft
15 W Padre Street, SANTA BARBARA, CA 93105
5Beds
3Baths
Sqft
6,969.6Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: The property boasts an exceptional location, situated just one property off State Street with unbeatable proximity to shops, offering high desirability and convenience in Santa Barbara.
Top Cons:
Age-Related System Concerns: Built in 1937, the property likely has original or older major systems (e.g., plumbing, electrical, HVAC) that may require significant updates or replacement, potentially leading to considerable future expenses for a buyer.
Compared to the nearby listings
Price:$2.70M vs avg $2.28M (+$419,000)60%
Size: sqft vs avg 1,780.5 sqft21%
Price/sqft:$0 vs avg $1.1K23%
More Insights
Built in 1937 (89 years old).
Condition: Built in 1937, this property retains significant period details, which unfortunately translates to severely outdated kitchens and bathrooms. The kitchens feature tiled countertops, older appliances, and dated flooring, while the bathrooms show very old tile work (including pink shower tile) and fixtures. While the living areas appear clean and well-maintained with hardwood floors, the critical functional spaces require substantial rehabilitation to meet modern standards. The property's age also suggests potential for significant updates to major systems (plumbing, electrical, HVAC) as highlighted by the AI analysis, pushing its condition into the 'poor' category due to the extensive renovation needed in key areas.
Year Built
1937
Close
-
List price
$2.7M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2654
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Rare offering of this timeless Colonial-style duplex in a prime location—just one property off State Street. With nearly 3,000 square feet of living space, the property presents a wealth of possibilities: live in one unit and rent the other, create an ideal setup for multigenerational living, or rent both units for strong income potential. The expansive 3-car garage offers additional upside—consider converting it into an ADU, or reimagine the entire property as a spacious single-family home. The lower unit features 3BD/2BA; the upper offers 2BD/1BA plus a sunroom. Both boast large living rooms, fireplaces, bay windows, formal dining rooms, breakfast nooks, built-ins, and other period details. Architectural charm and unbeatable proximity to shops make this a unique investment opportunit
M
Marie Sue Parsons &
Listing Agent
Price History
Date
Event
Price
12/22/15
Sold
$1,495,000
Condition Rating
Poor
Built in 1937, this property retains significant period details, which unfortunately translates to severely outdated kitchens and bathrooms. The kitchens feature tiled countertops, older appliances, and dated flooring, while the bathrooms show very old tile work (including pink shower tile) and fixtures. While the living areas appear clean and well-maintained with hardwood floors, the critical functional spaces require substantial rehabilitation to meet modern standards. The property's age also suggests potential for significant updates to major systems (plumbing, electrical, HVAC) as highlighted by the AI analysis, pushing its condition into the 'poor' category due to the extensive renovation needed in key areas.
Pros & Cons
Pros
Prime Location: The property boasts an exceptional location, situated just one property off State Street with unbeatable proximity to shops, offering high desirability and convenience in Santa Barbara.
Versatile Income & Living Potential: As a duplex, it offers flexible usage options: live in one unit and rent the other, accommodate multigenerational living, or rent both units for strong income generation, appealing to a broad range of buyers.
Value-Add & Development Opportunities: The expansive 3-car garage presents significant upside potential for conversion into an Accessory Dwelling Unit (ADU), or the entire property could be reimagined as a spacious single-family home, enhancing future value.
Architectural Charm & Period Details: The timeless Colonial-style architecture, combined with original period details such as fireplaces, bay windows, formal dining rooms, breakfast nooks, and built-ins, provides unique character and aesthetic appeal.
Spacious Living Areas: With nearly 3,000 square feet of living space, including large living rooms in both units, the property offers ample room and comfortable living for residents.
Cons
Age-Related System Concerns: Built in 1937, the property likely has original or older major systems (e.g., plumbing, electrical, HVAC) that may require significant updates or replacement, potentially leading to considerable future expenses for a buyer.
Potential for High Renovation Costs: While offering conversion potential (ADU, single-family), realizing these changes or simply modernizing the existing units to contemporary standards could involve substantial renovation costs, especially given the property's age and the need to preserve its architectural character.
Absence of Modern Comforts: The emphasis on 'period details' suggests a lack of modern amenities such as central air conditioning, updated kitchen appliances, or contemporary bathroom finishes, which might not appeal to all buyers seeking turn-key modern living.