2549 Treasure Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 0 bed, 0 bath
Loading property details...
SANTA BARBARA, CA 93105
This Multi-Unit Residential Income Property in the prestigious Samarkand neighborhood is listed at $1,600,000, with a Fair Market Value of $1,467,984. Boasting a Condition Rating of 3, the turnkey units feature hardwood floors, stylish kitchens, and private decks. The configuration includes a 1BD/1BA front house and a 2BD/1BA unit above the garage, providing excellent flexibility. Located minutes from Cottage Hospital and Downtown, the property offers significant rental upside in a high-demand corridor. It is a premier acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2549 Treasure Drive Subject | $1,600,000* List Price | 0 | 0 | 1,624 | $904 | - |
A 570 Apple Grove Lane Sold | $1,600,000 | 0 | 0 | 0 | 0.8 mi | |
B 2117 Oak Park Lane Pending | $1,585,000 List Price | 0 | 0 | 2,250 | $704 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring hardwood floors and what are described as stylish, updated kitchens and bathrooms. While the 1954 build date suggests older core infrastructure, the units have been renovated to meet modern aesthetic standards, and the exterior shows pride of ownership with functional decks and mature landscaping.
Situated in the highly sought-after Samarkand neighborhood, the property offers exceptional proximity to Downtown Santa Barbara, Cottage Hospital, and Upper State Street, ensuring high tenant demand and long-term value.
Featuring a 1BD/1BA front unit and a 2BD/1BA unit, this multi-unit configuration provides excellent flexibility for investors or owner-users seeking to offset their mortgage with rental income.
The property boasts multiple private decks and both front and rear yards, offering rare and generous outdoor spaces that enhance the living experience for both units.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1624, other record living area = 910.
Originally constructed in 1954, the property may require more frequent maintenance or future capital improvements to aging systems compared to more modern developments.
The 2BD/1BA unit is positioned directly above the garages, which may present noise considerations and accessibility challenges due to the elevated entry.
Located in Santa Barbara's desirable Samarkand neighborhood, this charming multi-unit property offers an excellent income-producing opportunity in one of the city's most convenient residential areas. Just minutes from Downtown, Upper State Street, Cottage Hospital, and the Santa Barbara Golf Club, the property blends neighborhood charm with easy access to shopping, dining, and entertainment. The property includes two well-appointed units: a bright 1BD/1BA front unit with hardwood floors, a stylish kitchen and bath, and a spacious front deck and yard; and a 2BD/1BA unit above the garages featuring hardwood flooring, two private decks, and a large rear yard--ideal for investors or owner-users seeking flexibility in a prime location
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 | 1,624 | 1,038 | 55% |
| Lot Size | 6,534 | 9,147 | 27% |
| Price | $1.60M | $1.70M | 45% |
| Price per sq ft | $985 | $704 | 73% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 157 | 9% |
Mar 11, 2026
$1,600,000
Initial Listing
Dec 3, 1999
$440,000
Public Record