233 W Yanonali Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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233 W Yanonali Street
SANTA BARBARA, CA 93101
ACTIVE
CONDITION: FAIR
0Beds
0Baths
0Sq Ft
5,663Lot Size
Property Price
LIST PRICE$3,150,000
SUMMARY
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!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Coastal Location
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.
- Versatile Investment Potential
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.
- Proximity to Urban Amenities
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.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1956, the property may require significant capital expenditures for deferred maintenance or modernization of systems to achieve the 'limitless upside' mentioned.
- Premium Acquisition Price
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.
About 233 W Yanonali Street
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1956
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | - | 1,517.75 |
| Lot Size | 5,663 | 6,905.063 |
| Price | $3.15M | $1.98M |
| Price per sq ft | $0 | $1.2K |
| Built year | 1956 | 1955 |
| HOA | $0 | $0 |
| Days on market | 123 | 69 |
Pricing History
Listed for Sale
Aug 23, 2026
$3,150,000
$3,300,000
-5% Price Drop
Initial Listing
Price Change
Jun 23, 2026
$3,300,000
Initial Listing
Sold
Nov 3, 2020
$25,000
Public Record