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309 W Victoria Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 1 bed, 1 bath

309 W Victoria Street, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$849,000$588/sqft
309 W Victoria Street, SANTA BARBARA, CA 93101
1Bed
1Bath
588Sqft
871Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location & Walkability: Centrally located just 0.5 miles from downtown Santa Barbara, offering exceptional walkability to iconic landmarks like the Santa Barbara Courthouse Gardens, Arlington Theater, and Granada Theater.
Top Cons:
Challenging Financing: Due to the home's current condition, it will likely not qualify for traditional financing, making it ideal primarily for cash buyers or investors.

Compared to the nearby listings

Price:$849.0K vs avg $1.40M ($-549,000)19%
Size:588 sqft vs avg 924 sqft38%
Price/sqft:$1.4K vs avg $89376%

More Insights

Built in 1914 (112 years old).
Condition: This property, built in 1914, is explicitly described as a 'project' that 'will likely not qualify for traditional financing,' indicating a need for substantial repairs and rehabilitation. While some minor updates like new faucets, toilet, and shower head have been made, and windows were replaced in 2014, the core components are severely outdated. The kitchen features dated light wood cabinets, old tile countertops, and basic, older appliances (stove, refrigerator) that require a full renovation. The bathroom also presents with dated white square tiles, an old tub, and a small, basic vanity, necessitating a complete overhaul. Other areas show worn hardwood floors, dated wood paneling in the bedroom, and old light fixtures. The presence of a wall heater suggests an outdated heating system. The overall condition points to significant deferred maintenance and a need for extensive system replacements and aesthetic upgrades to meet modern living standards.
Year Built
1914
Close
-
List price
$849K
Original List price
-
Price/Sqft
$1,444
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3808
Home ConditionPoor
Features
View-

About this home

Incredible opportunity to own a centrally located 1-bedroom, 1-bathroom home just 0.5 miles from downtown Santa Barbara. This 588 sq ft cottage offers exceptional walkability to some of the city's most iconic landmarks, including the Santa Barbara Courthouse Gardens (0.6 mi), Arlington Theater (0.5 mi), Granada Theater (0.5 mi), and Stearns Wharf (1.8 mi). The home features several recent updates, including a brand new toilet, new bathroom faucet, new shower head, and a replaced kitchen faucet. The washer and dryer (newer units), stove, and refrigerator are all included. Windows were replaced in 2014, and a new sewer lateral line has been installed—offering key functional upgrades for future renovation or restoration. The living room and dining room feature classic wood louvered shutters adding character and allure to the space. With its prime location and strong short-term rental appeal, the property presents excellent Airbnb potential for investors. Please note that due to the home's current condition, it will likely not qualify for traditional financing. Ideal for cash buyers, investors, or those looking for a project in a highly desirable location. Don't miss this unique opportunity to bring new life to a property just minutes from Santa Barbara's vibrant downtown, world-class dining, and the beach.

J
Jada Davis
Listing Agent
Condition Rating
Poor
This property, built in 1914, is explicitly described as a 'project' that 'will likely not qualify for traditional financing,' indicating a need for substantial repairs and rehabilitation. While some minor updates like new faucets, toilet, and shower head have been made, and windows were replaced in 2014, the core components are severely outdated. The kitchen features dated light wood cabinets, old tile countertops, and basic, older appliances (stove, refrigerator) that require a full renovation. The bathroom also presents with dated white square tiles, an old tub, and a small, basic vanity, necessitating a complete overhaul. Other areas show worn hardwood floors, dated wood paneling in the bedroom, and old light fixtures. The presence of a wall heater suggests an outdated heating system. The overall condition points to significant deferred maintenance and a need for extensive system replacements and aesthetic upgrades to meet modern living standards.
Pros & Cons

Pros

Prime Downtown Location & Walkability: Centrally located just 0.5 miles from downtown Santa Barbara, offering exceptional walkability to iconic landmarks like the Santa Barbara Courthouse Gardens, Arlington Theater, and Granada Theater.
Strong Short-Term Rental Potential: The property presents excellent Airbnb potential for investors due to its prime location and appeal to visitors.
Key Functional Upgrades: Significant functional updates include windows replaced in 2014 and a new sewer lateral line, providing a solid foundation for future renovation.
Included Appliances & Recent Fixture Updates: Newer washer and dryer, stove, and refrigerator are included, along with recent updates to bathroom and kitchen faucets, toilet, and shower head.
Historic Charm: The living room and dining room feature classic wood louvered shutters, adding character and allure to the space.

Cons

Challenging Financing: Due to the home's current condition, it will likely not qualify for traditional financing, making it ideal primarily for cash buyers or investors.
Requires Significant Renovation: Described as a 'project' needing 'new life,' indicating that substantial renovation or restoration work is required beyond the recent minor updates.
Small Square Footage: At 588 sq ft, the 1-bedroom, 1-bathroom cottage offers limited living space, which may not appeal to all buyer segments.
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