2535 De La Vina Street, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 0 bed, 0 bath
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SANTA BARBARA, CA 93105
Analysis of 2535 De La Vina Street, SANTA BARBARA, CA 93105 is currently available with a list price of $1,545,000. 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 1930, this triplex is explicitly marketed as a 'value-add opportunity' requiring 'improvements' and 'significant capital outlay' to modernize aging infrastructure. The exterior shows signs of deferred maintenance, including weathered wooden decking and aged stucco. The absence of interior photos, combined with the 'value-add' description, strongly suggests that the kitchens, bathrooms, and major systems require substantial repair or full replacement.
Situated within walking distance to the vibrant De La Vina corridor and Cottage Hospital, ensuring high tenant demand and long-term desirability in a central Santa Barbara hub.
All units are currently vacant, providing a rare opportunity for an investor to immediately commence renovations and set new rents at market rates without tenant relocation hurdles.
The property is positioned as an excellent value-add opportunity, allowing a buyer to build significant equity through strategic improvements and modernization.
The property was recently sold within the past year on 2025-02-14. The sold price is $1,357,000.00.
As a 1930s 'value-add' property, it likely requires substantial upfront investment for modernizing systems and cosmetic repairs to achieve its full income potential.
The 1930 construction date suggests potential risks with older plumbing, electrical, and structural components that may need costly updates to meet current building codes.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,145 | 1,038 | 64% |
| Lot Size | 6,098.4 | 9,147 | 18% |
| Price | $1.54M | $1.70M | 9% |
| Price per sq ft | $720 | $704 | 55% |
| Built year | 1930 | 1952 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 302 | 177 | 91% |
Jun 25, 2025
$1,545,000
Initial Listing
Feb 14, 2025
$1,357,000
Public Record
Dec 29, 2017
$51,000
Public Record
Aug 6, 1999
$370,000
Public Record