
Santa Barbara, CA 93105
This Turnkey Residential Income Property is a High-Potential Investment Opportunity, listed at $2,400,000—positioned well below the $2,475,000 Fair Market Value by 3%. This valuation gap offers $75,000 in Instant Equity. Featuring a Mint Condition Rating, the home includes a permitted Junior ADU, renovated kitchen, and ocean views. Located in the Peabody School District, this versatile asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants desiring a flexible, multi-generational living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2937 Glen Albyn Drive Subject 0 bd · 0 ba · 3,398 sqft · $728 | $2,400,000* List Price | 0 | 0 | 3,398 | $728 | - |
A 2937 Glen Albyn Drive Active 0 bd · 0 ba · 3,398 sqft · $780 · 0.0 mi | $2,650,000 List Price | 0 | 0 | 3,398 | $780 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation, featuring a modern kitchen with quartz countertops and stainless appliances, updated bathrooms, and new flooring. Critical systems have been modernized, including an upgraded electrical panel, tankless water heater, and central A/C, meeting the criteria for mint condition with no immediate maintenance required.
The inclusion of a permitted Junior ADU and a large downstairs flex space provides exceptional flexibility for multi-generational living, a home office, or supplemental rental income.
Extensive recent upgrades including a renovated designer kitchen, dual-pane windows, central A/C, and an upgraded electrical panel offer a turnkey experience and reduced immediate maintenance costs.
Situated in the desirable Peabody School District area, the property boasts ocean and island views from the deck, significantly enhancing its lifestyle appeal and long-term value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3398, other record living area = 2652.
The lot size of 6,970 square feet is relatively small for a home of nearly 3,400 square feet, which may limit outdoor recreational space compared to other Mission Canyon properties.
With 48 days on the market, the property is seeing a longer-than-average listing period for the Santa Barbara area, which may lead to increased buyer negotiation leverage.
With nearly 3,400 square feet of thoughtfully designed living space, this beautifully updated home offers an exceptional blend of style, flexibility, and indoor-outdoor living in the desirable Peabody School District Attendance Area. The versatile floor plan includes four bedrooms, four bathrooms, and a permitted Junior ADU--ideal for multi-generational living, a 1031 exchange, supplemental income, or simply additional space. Natural light fills the interiors, creating an effortless connection between the kitchen, living spaces, and outdoors. The renovated kitchen features designer cabinetry, quartz countertops, and stainless-steel appliances, while the expansive downstairs flex space offers endless possibilities as a media room, gym, office, playroom, or future ADU. Thoughtful upgrades include dual-pane windows and sliders, solid-core interior doors, an upgraded electrical panel, tankless water heater, and central A/C. Outside, enjoy ocean and island views from the inviting deck, a private fenced yard with drought-tolerant landscaping, paver driveway, two-car garage, and ample parking. Meticulously maintained, this rare property combines generous living space, built-in income potential, and exceptional flexibility--all under one roof.
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 | 1,517.75 |
| Lot Size | 6,970 | 6,905.063 |
| Price | $2.40M | $1.98M |
| Price per sq ft | $706 | $1.2K |
| Built year | 1977 | 1955 |
| HOA | $0 | $0 |
| Days on market | 66 | 69 |
Aug 19, 2026
$2,400,000
Initial Listing
Oct 26, 1995
$349,000
Public Record