208 S Voluntario Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 0 bed, 0 bath
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SANTA BARBARA, CA 93103
This Residential Income property presents a Strong Value Opportunity with a List Price of $1,550,000—positioned well below the $1,672,799 Fair Market Value by 7%. This valuation gap offers $122,799 in Instant Equity. Featuring a Mint Condition Rating and a versatile unit mix, this turnkey asset includes a private deck and high-end finishes. While the property is currently undergoing legal permitting for its three units, it remains an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 208 S Voluntario Street Subject | $1,550,000* List Price | 0 | 0 | 1,760 | $950 | - |
A 302 N Soledad Street Sold | $1,240,000 | 0 | 0 | 1,316 | $942 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete high-end renovation within the last 5 years. It features a modern kitchen with new stainless steel appliances, updated bathrooms with contemporary fixtures and tile work, new hardwood flooring, and a freshly painted exterior with new decking, making it a mint-condition turnkey investment.
Situated in Santa Barbara's desirable Lower Eastside, the property offers exceptional proximity to the beach, Downtown, and the trendy Funk Zone, ensuring high tenant demand and long-term appreciation.
The units have been completely updated with high-end finishes, including hardwood floors, custom built-ins, skylights, and new appliances, providing a move-in-ready experience with minimal immediate capital expenditure.
The configuration of a 2BD/1BA, 1BD/1BA, and a studio offers significant flexibility for an owner-user to live in one unit while generating income from the others, or for an investor to maximize rental yields.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1760, other record living area = 1400.
The property is currently zoned as a single-family residence; while the seller is in the process of permitting the three units, the pending legal status may complicate traditional financing and poses a regulatory hurdle for the buyer.
With a lot size of only 3,920 square feet for three separate units, the property has high density which may result in limited on-site parking and restricted private outdoor space compared to other multi-family assets.
208 S. Voluntario St. is a quintessential California cottage offering a prime investment opportunity on Santa Barbara's desirable Eastside, just moments from the beach, Downtown, and the vibrant Funk Zone. The property features three units with an ideal unit mix of (1) 2BD/1BA, (1) 1BD/1BA, and (1) studio, well suited for both investors and owner-users. Completely remodeled throughout, the units offer hardwood floors, custom built-ins, skylights, and all new appliances and fixtures. Each unit also includes its own private outdoor space. The exterior has been freshly repainted and enhanced with new landscaping, creating strong curb appeal and a turnkey presentation. *Current property zoning is for a single family residence. Seller is in the process of legally permitting all three uni For showing requests, please call/text Aneta Jensen.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,760 | 2,164 | 50% |
| Lot Size | 3,920 | 4,355.5 | 50% |
| Price | $1.55M | $2.50M | 38% |
| Price per sq ft | $881 | $946 | 50% |
| Built year | 1950 | 1917 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 218 | 13% |
May 13, 2026
$1,550,000
Initial Listing
Nov 15, 2022
$910,000
Public Record