2535 De La Vina Street, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - bed, bath
ACTIVE$1,545,000/sqft
2535 De La Vina Street, SANTA BARBARA, CA 93105
0Bed
0Bath
Sqft
6,098.4Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Walkability: Situated in a prime downtown Santa Barbara location, offering excellent walkability to the vibrant De La Vina corridor and Cottage Hospital, enhancing tenant appeal and property value.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-02-14. The sold price is $1,357,000.00.
Compared to the nearby listings
Price:$1.54M vs avg $1.54M (+$0)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1930 (96 years old).
Condition: Built in 1930, this triplex is explicitly marketed as a 'value add opportunity' requiring 'renovation.' The AI analysis confirms the need for 'substantial capital investment for deferred maintenance, system updates (e.g., plumbing, electrical), and modernization.' Without any interior images, and given the age and description, it's highly probable that kitchens, bathrooms, and major systems are severely outdated and require substantial repairs and rehabilitation, aligning with a 'poor' condition score.
Year Built
1930
Close
-
List price
$1.54M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2470
Home ConditionPoor
Features
Patio
View-
About this home
Triplex!! Excellent value add opportunity in prime downtown location. Walking distance to the vibrant De La Vina corridor and Cottage Hospital. Nice unit mix (2-2 bedroom 1 bath and 1-1 bedroom 1 bath all with fireplaces). Detached 3 car garage. All units are vacant making it easy to navigate improvements and do as you wish to make this property your own.
B
Ben Rivera
Listing Agent
Price History
Date
Event
Price
08/06/99
Sold
$370,000
02/14/25
Sold
$1,357,000
12/29/17
Sold
$51,000
Condition Rating
Poor
Built in 1930, this triplex is explicitly marketed as a 'value add opportunity' requiring 'renovation.' The AI analysis confirms the need for 'substantial capital investment for deferred maintenance, system updates (e.g., plumbing, electrical), and modernization.' Without any interior images, and given the age and description, it's highly probable that kitchens, bathrooms, and major systems are severely outdated and require substantial repairs and rehabilitation, aligning with a 'poor' condition score.
Pros & Cons
Pros
Prime Location & Walkability: Situated in a prime downtown Santa Barbara location, offering excellent walkability to the vibrant De La Vina corridor and Cottage Hospital, enhancing tenant appeal and property value.
Value-Add Potential: Presents an excellent value-add opportunity for investors to significantly increase property value and rental income through strategic renovations and upgrades.
Vacant Units for Renovation: All units are vacant, providing an ideal scenario for immediate renovations, reconfigurations, or owner-occupancy without tenant displacement issues, allowing for maximum flexibility.
Multi-Unit Income Property: As a triplex, it offers a diversified income stream with a desirable unit mix (2x 2BD/1BA, 1x 1BD/1BA), all featuring fireplaces, appealing to a broad tenant base.
Detached 3-Car Garage: Includes a valuable detached 3-car garage, offering significant utility for parking, storage, or potential future conversion, a rare amenity in a downtown setting.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-02-14. The sold price is $1,357,000.00.
Age of Property: Built in 1930, the property is likely to require substantial capital investment for deferred maintenance, system updates (e.g., plumbing, electrical), and modernization to realize its full potential.
Renovation Required: While offering value-add potential, the property is not turn-key and will necessitate significant renovation and improvement efforts, incurring additional costs and project management.
High Initial Investment: The listing price of $1.545 million represents a substantial initial investment, which may narrow the pool of potential buyers despite its income-generating capabilities.