1816 E Las Tunas Road, Santa Barbara, CA 93103, Santa Barbara, 93103 - 3 bed, 3 bath

1816 E Las Tunas Road, Santa Barbara, CA 93103 home-pic-0

1816 E Las Tunas Road

Santa Barbara, CA 93103

ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,213Sq Ft
22,216Lot Size

Property Price

LIST PRICE$4,100,000
EST. MARKET VALUE
$4,355,920
5% BelowMARKET VALUE

SUMMARY

Analysis of 1816 E Las Tunas Road, Santa Barbara, CA 93103 reveals a Prime Investment Opportunity with a current list price of $4,100,000—significantly undercutting the $4,355,920 Fair Market Value by 5%. This valuation gap indicates a +$255,920 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Barbara Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$4,355,920 +$255,920 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1816 E Las Tunas Road
Subject
$4,100,000*
List Price
332,213$1,968-
A
845 Alameda Padre Serra
Sold
$4,781,000322,463$1,9410.9 mi
B
1720 Mission Ridge Road
Active
$3,495,000
List Price
332,202$1,5870.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Despite being built in 1957, this property has undergone significant and thoughtful updates, making it move-in ready. The bathrooms are extensively renovated with a modern aesthetic, featuring contemporary vanities, tiling, and fixtures that appear virtually new. The kitchen is also well-appointed with modern white cabinetry, granite countertops, and stainless steel appliances, all in good condition. Travertine flooring in main living areas and clean carpeting in bedrooms contribute to a well-maintained interior. While the original build year is a factor, the extensive renovations bring the property's condition up considerably, aligning with a 'Good' rating.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22216, living area = 2213.

  • Panoramic Views

    The residence offers commanding views sweeping across the city, the Harbor, and the Channel Islands, providing stunning sunrises and sunsets.

  • Prime Riviera Location

    Perched on Santa Barbara's Riviera, the property benefits from a prestigious and highly desirable location with timeless appeal.

CONSRISKS & DEFICIENCIES

  • Age of Property

    Built in 1957, while updated, the underlying structure's age may raise questions about unseen infrastructure or potential future maintenance needs not explicitly addressed.

  • No Explicit Cooling System

    The description mentions solar-coated windows for comfort but does not specify any air conditioning or central cooling system, which could be a drawback during warmer periods.

  • High Landscape Maintenance Potential

    Mature landscaping and terraced garden areas on a large 22,216 sqft lot, while beautiful, may require significant ongoing maintenance and cost.

About 1816 E Las Tunas Road

Perched on Santa Barbara's Riviera, this refined single-level residence enjoys commanding views that sweep across the city, the Harbor, and the Channel Islands beyond. The setting is defined by light and perspectivesunrises that gently illuminate the coastline and sunsets that settle into glowing evening skies. At the center of the home, the living room unfolds as a welcoming gathering space, anchored by a fireplace and accented by travertine floors, custom built-in cabinetry, and tailored bookcases. Sliding glass doors extend the room to both the front and rear patios, creating a seamless indoor-outdoor flow. The rear patio provides a serene, garden-oriented escape, while the covered front patio serves as an inviting extension of the main living area.Designed for everyday enjoyment and entertaining alike, the front patio features its own fireplace and wet bar, making it ideal for morning coffee, afternoon gatherings, or relaxed evenings. The living and dining areas flow naturally from this central space, creating a cohesive layout that feels open yet inviting. The kitchen is thoughtfully appointed with rich granite countertops, reverse osmosis filtration, and solar-coated windows that enhance comfort and light throughout the kitchen and dining areas. The primary suite and guest bedroom are beautifully light-filled and thoughtfully positioned, each complemented by updated bathrooms finished in a modern aesthetic. Mature landscaping and terraced garden areas surround the home, offering privacy and a lush, calming backdrop. A rare combination of single-level living, thoughtful updates, and timeless Riviera appeal, this residence reflects a lifestyle of ease, elegance, and enduring quality.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1957
Lot Size
22,216 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot2,2131,972
62%
Lot Size22,21610,454
76%
Price$4.10M$2.13M
84%
Price per sq ft$1.9K$1.0K
80%
Built year19571949
60%
HOA$0$0
50%
Days on market38199
4%

Pricing History

Listed for Sale

Jan 28, 2026

$4,100,000

Initial Listing

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