2430 Fletcher Avenue, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 2 bed, 1 bath
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SANTA BARBARA, CA 93105
Analysis of 2430 Fletcher Avenue, SANTA BARBARA, CA 93105 is currently available with a list price of $1,250,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1915, this property exhibits significant deferred maintenance and is being marketed primarily for its land value and R-3 zoning potential. The listing description explicitly states the interior requires renovation and is suitable for buyers prepared for a major project. Exterior images show an aged structure with an unkept yard and signs of neglect, fitting the criteria for a property requiring substantial rehabilitation.
Situated in the highly desirable Oak Park / Cottage Hospital district, offering excellent proximity to major medical facilities and downtown Santa Barbara.
The R-3 zoning designation provides significant upside for investors or developers, allowing for potential multi-unit development or increased density.
Offered primarily for its land value and long-term potential, this property represents a rare entry point into a premium Santa Barbara neighborhood.
The interior condition requires extensive renovation and is only suitable for buyers prepared for a major construction project.
At only 688 square feet, the current structure is very small, which may necessitate a costly expansion to meet modern living standards.
The list price reflects the land and zoning value rather than the structure, resulting in a high cost-basis for the existing square footage.
Opportunity in Santa Barbara's Oak Park / Cottage Hospital district. This 2BD/1BA home sits on an R-3 lot and is offered primarily for its location, zoning, and long-term potential. Interior condition reflects deferred maintenance and is suitable for buyers prepared to renovate. Drone photography and floor plan available. Showings by appointment only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 1.0 | 3.0 | 7% |
| Square foot | 688 | 2,079 | 4% |
| Lot Size | 4,356 | 10,018.8 | 13% |
| Price | $1.25M | $2.11M | 16% |
| Price per sq ft | $1.8K | $1.0K | 94% |
| Built year | 1915 | 1961 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 195 | 10% |
Feb 1, 2026
$1,250,000
Initial Listing