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 Samarkand neighborhood is a High-Potential Investment Opportunity, listed at $1,600,000—positioned well above the $1,303,612 Fair Market Value by 22%. While the price reflects a premium, the property features a Condition Rating of 3, offering updated kitchens and hardwood floors. The dual-unit configuration provides significant rental flexibility, while the private decks and yards enhance tenant appeal. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in a prime Santa Barbara location.
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 | $803 | - |
A 2117 Oak Park Lane Sold | $1,585,000 | 0 | 0 | 2,250 | $704 | 0.5 mi |
B 570 Apple Grove Lane Sold | $1,600,000 | 0 | 0 | 0 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1954, the property has been updated with a stylish kitchen and bath, hardwood flooring, and appears well-maintained with a functional layout and newer roofing, making it move-in ready for owners or tenants.
Situated in one of Santa Barbara's most desirable neighborhoods, this property offers exceptional proximity to Downtown, Cottage Hospital, and the Santa Barbara Golf Club, ensuring high tenant demand and long-term value.
The dual-unit configuration (1BD/1BA and 2BD/1BA) provides excellent flexibility for an owner-user to live in one unit while collecting rent, or for an investor to maximize returns in a high-rent market.
Unlike many multi-unit properties, this lot features multiple private decks and dedicated yard spaces for both units, significantly enhancing the living experience and curb appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1624, other record living area = 910.
Built in 1954, the property may require ongoing maintenance or updates to aging infrastructure systems that are common with mid-century residential income buildings.
At 71 days on the market, the listing is showing signs of stagnation, which may suggest the $1.6M price point is aggressive relative to current interest rates or immediate buyer interest.
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, & the Santa Barbara Golf Club, the property blends neighborhood charm with easy access to shopping, dining, & 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 & yard; & a 2BD/1BA unit above the garages featuring hardwood flooring, two private decks, & a large rear yard--ideal for investors or owner-users seeking flexibility in a prime location. 1BD unit will be vacant by September.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,624 | - |
| Lot Size | 6,534 | - |
| Price | $1.60M | $2.13M |
| Price per sq ft | $985 | $813 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 134 | 47 |
Mar 11, 2026
$1,600,000
Initial Listing
Dec 3, 1999
$440,000
Public Record