
SANTA BARBARA, CA 93101
This Multi-Unit Craftsman Estate is listed at $2,875,000, reflecting a strategic premium over its $2,718,784 Fair Market Value due to its rare triple-unit configuration. Boasting a Condition Rating of 3, the property preserves 1917 architectural details like coffered ceilings and original wood floors while offering modern updates. The layout includes a 3-bedroom main house, a 2-bedroom unit, and a studio, providing exceptional rental income potential. Positioned within a high-demand market where comparable properties command top-tier valuations, this is a premier choice for Owner-Occupants seeking income offsets or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1917 Bath Street Subject | $2,875,000* List Price | 3 | 2 | 1,567 | $1,733 | - |
A 1617 San Andres Street Sold | $2,070,000 | 3 | 2 | 1,100 | $1,882 | 0.5 mi |
B 321 E Mission Street Active | $2,750,000 List Price | 3 | 3 | 2,096 | $1,312 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1917 build date, the property is well-maintained and move-in ready. It features thoughtful updates including stainless steel appliances, new recessed lighting, and well-preserved original hardwood floors. The kitchens and bathrooms appear functional and updated within a 5-15 year window, meeting the criteria for good condition.
The property features three distinct living units—a 3-bedroom main house, a 2-bedroom unit, and a studio—providing exceptional versatility for rental income, guest housing, or multi-generational living.
This 1917 Craftsman home is rich with preserved details, including 9-foot coffered ceilings, original wood floors, and classic built-ins, offering a timeless aesthetic that is highly sought after in the Santa Barbara market.
The main residence and secondary units are well-appointed with modern updates like recessed lighting alongside charming elements such as three total fireplaces, a sunroom, and a large stand-up attic.
At a list price of $2.875 million for a 1,567 square foot main residence, the property carries a significant price premium that may challenge appraisal values for traditional residential buyers.
Given the 1917 construction date, the property may require specialized maintenance or future upgrades to century-old systems that are not fully detailed in the current modernization list.
Unique investment opportunity in one of California's strongest real estate markets! Beautifully preserved Craftsman-style home featuring 3 bedrooms & 2 baths, rich with timeless character and thoughtful updates. The main residence showcases 9-foot ceilings, original wood floors, new recessed lighting, and an elegant formal dining room with coffered ceilings and classic built-ins. A fireplace, crown moldings, charming front porch, sun room, huge stand up attic add to the home's warm architectural appeal. Behind the main home sits a versatile 2nd structure featuring a beautiful 2-bedroom, 1-bath unit with a fireplace, and hardwood floors, as well as a large studio apartment also with its own fireplace; ideal for guests, rental income, or creative use. Rental income info available by request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,567 | - |
| Lot Size | 6,969.6 | - |
| Price | $2.88M | $2.43M |
| Price per sq ft | $1.8K | $1.3K |
| Built year | 1917 | 0 |
| HOA | $0 | $0 |
| Days on market | 156 | 60 |
Feb 17, 2026
$2,875,000
Initial Listing
Jun 6, 2023
$2,850,000
Public Record
Dec 23, 2020
$10,909
Public Record
May 15, 2015
$1,650,000
Public Record
Jul 14, 2006
$1,300,000
Public Record