1917 Bath Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
ACTIVE$2,875,000$1,567/sqft
1917 Bath Street, SANTA BARBARA, CA 93101
0Bed
0Bath
1,567Sqft
6,969.6Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Rental Income: The property generates a substantial monthly income of $10,825 from its three units, making it a highly attractive investment for cash flow.
Top Cons:
Age-Related Maintenance & Systems: Built in 1917, the property may require ongoing maintenance and potential significant investment in updating older infrastructure such as plumbing, electrical, and HVAC systems, which are not explicitly detailed as renovated.
Compared to the nearby listings
Price:$2.88M vs avg $1.77M (+$1,100,000)75%
Size:1,567 sqft vs avg 1,628.5 sqft50%
Price/sqft:$1.8K vs avg $62488%
More Insights
Built in 1917 (109 years old).
Condition: Built in 1917, this property boasts classic Craftsman features and appears well-maintained from the exterior. While the description mentions 'wood floors throughout' and 'new recessed lighting,' there are no specific details or images provided for the kitchen or bathrooms, nor for major systems like HVAC, plumbing, or electrical. The property analysis explicitly highlights 'Age-Related Maintenance & Systems' and the potential need for significant investment in updating older infrastructure. Given its age and the lack of recent comprehensive renovation details for critical areas, the property is likely functional but with outdated key components, particularly in the kitchen and bathrooms, requiring minor updates or repairs to meet modern standards. The high rental income suggests it is livable but not fully modernized.
Year Built
1917
Close
-
List price
$2.88M
Original List price
-
Price/Sqft
$1,835
HOA
$0
Days on market
-
Sold On
-
MLS number
25-4344
Home ConditionFair
Features
View-
About this home
Front home is a 3 Bed 2 bath craftsman style home built in 1917 9-foot ceilings throughout, wood floors throughout, new recessed lighting, formal dining area off the living room with coffered ceilings and classic built ins, separate sunroom, a huge stand-up attic, working fireplace, crown moldings, sweet front porch and so much more. The front unit is currently being rented $5.175 per month The back building consists of a beautiful 2 bed 1 bath unit (current rent $3,300) and a large studio (current rent $2,350) This property has three one car garages.
M
Martin Mielko
Listing Agent
Price History
Date
Event
Price
06/06/23
Sold
$2,850,000
12/23/20
Sold
$10,909
05/15/15
Sold
$1,650,000
07/14/06
Sold
$1,300,000
Condition Rating
Fair
Built in 1917, this property boasts classic Craftsman features and appears well-maintained from the exterior. While the description mentions 'wood floors throughout' and 'new recessed lighting,' there are no specific details or images provided for the kitchen or bathrooms, nor for major systems like HVAC, plumbing, or electrical. The property analysis explicitly highlights 'Age-Related Maintenance & Systems' and the potential need for significant investment in updating older infrastructure. Given its age and the lack of recent comprehensive renovation details for critical areas, the property is likely functional but with outdated key components, particularly in the kitchen and bathrooms, requiring minor updates or repairs to meet modern standards. The high rental income suggests it is livable but not fully modernized.
Pros & Cons
Pros
Exceptional Rental Income: The property generates a substantial monthly income of $10,825 from its three units, making it a highly attractive investment for cash flow.
Prime Santa Barbara Location: Situated on Bath Street in the desirable Westside subdivision of Santa Barbara, offering a sought-after address with strong market demand and potential for appreciation.
Multi-Unit Income Property: Comprising three distinct units (3-bed/2-bath, 2-bed/1-bath, and a studio), it provides diversified income streams and flexibility for investors or owner-occupants.
Historic Craftsman Charm: The 1917-built front home boasts classic architectural details including 9-foot ceilings, wood floors, coffered ceilings, built-ins, a sunroom, working fireplace, and crown moldings, appealing to buyers seeking character.
Ample Parking and Storage: The property includes three one-car garages and a huge stand-up attic, offering valuable parking, storage solutions, and potential for future expansion.
Cons
Age-Related Maintenance & Systems: Built in 1917, the property may require ongoing maintenance and potential significant investment in updating older infrastructure such as plumbing, electrical, and HVAC systems, which are not explicitly detailed as renovated.
Unspecified Total Living Area: The listed 1567 sqft likely pertains to the main front unit, leaving the total combined living area for all three income-generating units ambiguous, which can complicate valuation and space assessment for potential buyers.
Potential for Complex Management: As a multi-unit income property, it entails managing three separate tenancies, which can lead to increased administrative burden, tenant turnover, and coordination of maintenance and repairs.