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
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1816 E Las Tunas Road Subject | $4,100,000* List Price | 3 | 3 | 2,213 | $1,968 | - |
A 845 Alameda Padre Serra Sold | $4,781,000 | 3 | 2 | 2,463 | $1,941 | 0.9 mi |
B 1720 Mission Ridge Road Active | $3,495,000 List Price | 3 | 3 | 2,202 | $1,587 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,213 | 1,972 | 62% |
| Lot Size | 22,216 | 10,454 | 76% |
| Price | $4.10M | $2.13M | 84% |
| Price per sq ft | $1.9K | $1.0K | 80% |
| Built year | 1957 | 1949 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 199 | 4% |
Pricing History
Listed for Sale
Jan 28, 2026
$4,100,000
Initial Listing























