316 W Valerio Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
316 W Valerio Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 316 W Valerio Street, SANTA BARBARA, CA 93101 is currently available with a list price of $3,588,888. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1973, this multi-unit property has been well-maintained and features significant interior updates that make it move-in ready. The units showcase modern wood-look laminate flooring, updated white shaker-style kitchen cabinetry with quartz countertops, and refreshed bathrooms with newer vanities. While the appliances are standard white models and the building's exterior reflects its original era, the overall condition is turnkey with no immediate renovations required.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Parking Ratio
The property features 16 parking spaces for 8 units, providing a rare 2:1 ratio that is a significant competitive advantage in the high-demand Santa Barbara rental market.
- Turnkey Investment
Well-maintained and updated, this 8-unit complex offers a move-in ready investment opportunity with reduced immediate capital expenditure requirements.
- Private Outdoor Living
Each unit includes private balconies or large outdoor patios, a highly sought-after amenity that enhances tenant retention and supports premium rental rates.
CONSRISKS & DEFICIENCIES
- Limited Unit Diversity
With 7 of the 8 units being one-bedroom apartments, the property has a concentrated unit mix that may limit its appeal to larger households or families.
- Aging Infrastructure
Built in 1973, the property may require ongoing maintenance or future upgrades to original core systems like plumbing and electrical, despite recent cosmetic updates.
- Aggressive Pricing
The current list price represents a significant increase over the most recent sales history, which may result in a lower initial capitalization rate for incoming investors.
About 316 W Valerio Street
Situated down a long driveway lies this well maintained and updated 8 unit investment opportunity in the heart of Santa Barbara. 7 one bedroom apartments, and 1 two bedroom with private balconies and large outdoor patios. On site laundry and 16 parking spaces. Close to everything Santa Barbara has to offer.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1973
- Lot Size
- 12,196.8 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | 2,148 | 26% |
| Lot Size | 12,196.8 | 8,712 | 78% |
| Price | $3.59M | $2.79M | 74% |
| Price per sq ft | $0 | $608 | 26% |
| Built year | 1973 | 1961 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 165 | 211 | 26% |
Pricing History
Listed for Sale
Sep 23, 2025
$3,588,888
Initial Listing
Sold
Jan 8, 2024
$3,288,000
Public Record
Sold
Nov 14, 2018
$2,775,000
Public Record
Sold
Jun 16, 2017
$2,350,000
Public Record