233 W Yanonali Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
Analysis of 233 W Yanonali Street, SANTA BARBARA, CA 93101 is currently available with a list price of $3,300,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1956, this multi-unit property shows varying levels of maintenance. While one unit features a modern renovation (less than 5-10 years old) with quartz countertops and shaker cabinets, other units appear dated with older cabinetry, mismatched appliances, and aged flooring. The property is functional and move-in ready for tenants, but the overall age and inconsistent updates across all four units necessitate further modernization of interiors and likely older systems to reach a higher rating.
Situated in the highly coveted West Beach area, the property is just blocks from the ocean, Stearns Wharf, and the Funk Zone, ensuring premium desirability and high land value.
This four-unit property offers multiple revenue streams, including long-term rentals, potential short-term rental options, or a live-in investment opportunity in a high-demand market.
Residents are steps away from the vibrant energy of lower State Street and the heart of Santa Barbara’s coastal living, which guarantees enduring rental demand and low vacancy rates.
Built in 1956, the property may require significant capital expenditures for deferred maintenance or modernization of systems to achieve the 'limitless upside' mentioned.
At a $3.3 million list price, the initial capitalization rate may be compressed, requiring a sophisticated management strategy or further renovation to justify the investment yield.
Rare West Beach investment opportunity just blocks from the ocean! Nestled in one of Santa Barbara's most coveted locations, this premier four-unit property places residents steps from the shoreline, Stearns Wharf, the Funk Zone, and the vibrant energy of lower State Street--the absolute heart of Santa Barbara coastal living. Featuring four charming units, the property enjoys enduring rental demand. 233 West Yanonali represents a compelling coastal asset with limitless upside. Whether you are a seasoned investor, seeking a live-in opportunity, or looking for a short term rental option, this rare West Beach fourplex has endless options. Opportunities like this don't come twice!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | - | - |
| Lot Size | 5,663 | - |
| Price | $3.30M | $2.13M |
| Price per sq ft | $0 | $813 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 30 | 47 |
Jun 23, 2026
$3,300,000
Initial Listing
Nov 3, 2020
$25,000
Public Record