2937 Glen Albyn Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 0 bed, 0 bath
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SANTA BARBARA, CA 93105
This Versatile Residential Income Property is a Strong Value Opportunity, listed at $2,650,000—positioned well above the $2,452,196 Fair Market Value by 8%. Despite the premium, the home features an Excellent Condition Rating with a Renovated Kitchen, Central A/C, and a Permitted JADU for immediate rental income. Situated in the Peabody School District with Panoramic Ocean and Island Views from a Trex Deck, this home offers rare flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living space.
Property is new construction or fully renovated.
The property features a recently renovated kitchen with designer cabinetry and quartz countertops, refreshed bathrooms, and significant system upgrades including a new electrical panel, tankless water heater, and central A/C. Despite the 1977 build date, the comprehensive interior updates and meticulous maintenance place it in the excellent category.
The property includes a permitted JADU and a large downstairs flex room, offering immediate rental income opportunities or flexible space for multi-generational living.
Extensively updated with a renovated designer kitchen, central A/C, tankless water heater, and dual-pane windows, ensuring a move-in-ready experience with reduced immediate maintenance.
Situated in the coveted Peabody School District, the home features a Trex viewing deck that captures sought-after ocean and island vistas.
At approximately 0.16 acres, the lot is relatively small for the Mission Canyon area and price point, which may limit outdoor privacy and expansive yard use.
While the elementary school is highly desirable, the assigned middle and high schools have moderate ratings (4 and 6 respectively), which may be a consideration for education-focused buyers.
Flexible, updated, and full of possibility, this nearly 3,400 sq ft home, located in the desirable Peabody School District, offers 4 bedrooms, 4 bathrooms, PLUS a permitted JADU (studio + bath)--ideal for income, guests, or multi-generational living. Natural light fills the interiors, highlighting the easy indoor/outdoor flow from the kitchen and living spaces. The recently renovated kitchen features designer cabinetry, quartz countertops, and stainless steel appliances, while bright, refreshed bathrooms & polished concrete floors downstairs add a clean, modern feel. An expansive flex room downstairs creates options for a media room, gym, office, playroom, or future ADU potential. Thoughtful upgrades include dual-pane windows and sliders, solid core interior doors, upgraded electrical panel, tankless water heater, and central A/C. Outside, enjoy a Trex viewing deck with ocean and island views, a private fenced yard with drought-tolerant landscaping, concrete paver driveway, 2-car garage, and ample parking. This meticulously maintained home offers something rare: flexibility, income potential, and space that truly grows with you!
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 2.4 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,398 | - |
| Lot Size | 6,969.6 | - |
| Price | $2.65M | $2.13M |
| Price per sq ft | $780 | $813 |
| Built year | 1977 | 0 |
| HOA | $0 | $0 |
| Days on market | 148 | 47 |
Apr 30, 2026
$2,650,000
$2,775,000
-5% Price Drop
Initial Listing
Feb 25, 2026
$2,775,000
Initial Listing
Oct 26, 1995
$349,000
Public Record