
Santa Barbara, CA 93101
This Residential Income Property represents a Strong Value Opportunity, listed at $1,850,000—positioned above the $1,734,440 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3 with modern interior finishes and a versatile dual-unit layout. Featuring a reimagined loft and charming cottage, this asset provides significant flexibility for rental income or live/work arrangements. With four covered parking spaces and a prime De La Vina corridor location, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility downtown asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 211 W Victoria Street Subject | $1,850,000* List Price | 0 | 0 | 960 | $1,807 | - |
A 801 W Sola Street Active | $1,695,000 List Price | 0 | 0 | 1,022 | $1,659 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1968, the property has been 'reimagined' with modern interior finishes, including recessed lighting, vaulted ceilings, and updated flooring. The exterior and grounds are well-maintained, and the units appear move-in ready, though the age of the structure and presence of wall-mounted AC units suggest a renovation older than 5 years but within the 15-year window.
The property features two freestanding buildings—a reimagined loft and a charming cottage—offering exceptional flexibility for multi-generational living, rental income, or a live/work setup.
Situated in the De La Vina corridor, the property boasts high walkability and immediate access to Santa Barbara's premier dining, theaters, and public transportation.
The inclusion of four covered parking spaces is a rare and highly valuable asset for a downtown Santa Barbara property where parking is typically at a premium.
The four parking spaces are arranged in a tandem configuration, which can be logistically inconvenient for tenants or owners managing multiple vehicles.
With two structures and a large carport on a 3,920 square foot lot, the outdoor yard spaces are relatively small and may feel cramped for those seeking significant garden area.
Two freestanding buildings located in the De La Vina corridor with easy access to restaurants, theaters and the MTD bus line. A freestanding office has been reimagined into a stylish one bedroom loft style residence. In back is a charming cottage. Each have their own small yards separated by a privacy hedge. The property works well for dual living or a small office with employee housing behind the building. Four covered parking spaces are provided in a tandem arrangement under a carport roof.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 1.2 mi
Grades 7-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 960 | 1,614 |
| Lot Size | 3,920 | 8,365.125 |
| Price | $1.85M | $1.78M |
| Price per sq ft | $1.9K | $1.1K |
| Built year | 1968 | 1936 |
| HOA | $0 | $0 |
| Days on market | 28 | 43 |
Aug 12, 2026
$1,850,000
Initial Listing
Oct 24, 2024
$1,145,000
Public Record
Aug 7, 2006
$910,000
Public Record