318 W Cota Street, Santa Barbara, CA 93101, Santa Barbara, 93101 - 0 bed, 0 bath
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318 W Cota Street
Santa Barbara, CA 93101
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,318Sq Ft
8,712Lot Size
Property Price
LIST PRICE$2,400,000
EST. MARKET VALUE
$2,335,775
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $2,400,000, positioned slightly above the $2,335,776 Fair Market Value. Featuring a Condition Rating of 2, this property includes a historical Queen Anne unit and a secondary home, both with new roofs and electrical panels. The R-4 Zoning on an 8,712 sqft lot provides significant development upside for density expansion near downtown. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a multi-family property with immediate rental income and long-term growth potential.
Estimated Market Value
$2,335,775
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 W Cota Street Subject | $2,400,000* List Price | 0 | 0 | 1,318 | $1,772 | - |
A 801 W Sola Street Active | $1,695,000 List Price | 0 | 0 | 1,022 | $1,659 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property consists of two homes that are move-in ready with significant recent upgrades. Key systems have been modernized with new roofs and electrical panels on both units. The interior features remodeled kitchens and bathrooms, fresh paint, and new flooring, meeting the criteria for a recent renovation with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R-4 high-density zoning on an 8,712 sqft lot provides significant upside, including the explicit potential to add more units to the back house for increased density.
- Recent Capital Improvements
Both homes feature new roofs and updated electrical panels, while the front Queen Anne unit includes a remodeled kitchen and bathrooms, reducing immediate maintenance requirements.
- Prime Downtown Location
Situated near downtown Santa Barbara, this property offers high walkability and strong rental demand, making it an ideal investment for long-term income or multi-generational living.
CONSRISKS & DEFICIENCIES
- Historical Preservation Constraints
The front unit's designation as a Queen Anne historical home may subject the owner to strict local preservation guidelines, limiting exterior modification flexibility.
- High Price per Square Foot
With a list price of $2.4 million for 1,318 square feet, the property carries a high entry cost that may impact initial capitalization rates for pure-play investors.
About 318 W Cota Street
Unique 2 houses on a scarcely available R-4 multi family property near downtown SB. Queen Anne historical 2bd, 2ba unit in front with high ceilings, formal dining room, laundry room and office. Remodeled kitchen and baths. Unit in back is a 3bd, 1ba home with attached utility and laundry rooms. New roofs and electrical panels on both homes. Potential to add two units to back house on this property. Investment income opportunity. Move in ready.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 0
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,318 | 1,614 |
| Lot Size | 8,712 | 8,365.125 |
| Price | $2.40M | $1.78M |
| Price per sq ft | $1.8K | $1.1K |
| Built year | 0 | 1936 |
| HOA | $0 | $0 |
| Days on market | 35 | 43 |
Pricing History
Listed for Sale
Aug 5, 2026
$2,400,000
Initial Listing