
Santa Barbara, CA 93101
This Hybrid Residential Property represents a Strong Value Opportunity, listed at a List Price of $2,000,000, which aligns with its $2,000,000 Fair Market Value. Featuring a Condition Rating of 3, the home offers a blend of modernized interiors and vintage charm. The expansive 9,147-square-foot lot with R-MH Zoning provides significant development potential for ADUs or multi-unit expansion. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile asset in a prime Santa Barbara location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 319 W Mission St Subject 4 bd · 2 ba · 1,330 sqft · $1,504 | $2,000,000* List Price | 4 | 2 | 1,330 | $1,504 | - |
A 1815 Mountain Avenue Sold 3 bd · 3 ba · 1,233 sqft · $1,703 · 0.7 mi | $2,100,000 | 3 | 3 | 1,233 | $1,703 | 0.7 mi |
B 1525 Castillo Active 4 bd · 3 ba · 1,641 sqft · $1,219 · 0.4 mi | $1,999,999 List Price | 4 | 3 | 1,641 | $1,219 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1920, the home has received significant recent updates including a fully modernized bathroom, new flooring, new drywall, and enhanced insulation. The kitchen features newer flooring but retains a more vintage style with painted cabinets and older countertops, making the overall property well-maintained, functional, and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9147, living area = 1330.
The expansive 9,147-square-foot lot paired with R-MH zoning offers exceptional versatility for multi-unit expansion, ADUs, or multigenerational living in a high-demand area.
This 1920s residence seamlessly blends classic architectural character with essential modern upgrades, including new flooring, enhanced insulation, and updated bathrooms.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
At a list price of $2 million for 1,330 square feet, the property commands a premium price point that may be difficult to justify based solely on the existing interior living space.
With 137 days on the market, the property shows signs of stagnation, which could indicate that the current pricing is not aligned with buyer expectations or current market conditions.
Set behind a manicured front lawn and welcoming covered porch, this picturesque four-bedroom, two-bathroom residence blends timeless architectural character with thoughtful modern updates. The light-filled interior offers an easy, functional floor plan with comfortable living and dining spaces, updated bathrooms, new flooring, new drywall, enhanced insulation, recessed lighting, and a clean, refined aesthetic throughout. The home s inviting layout flows naturally to a series of peaceful outdoor spaces surrounded by mature trees, established hedging, and lush landscaping. A private stone patio creates an intimate setting for outdoor dining and entertaining, while the expansive grounds offer abundant space for gardening, recreation, and the addition of an ADU. Situated on an impressive 9,147-square-foot lot, the property offers a rare sense of openness and possibility in the heart of Santa Barbara. Its R-MH zoning provides meaningful long-term flexibility, accommodating single- and multi-unit residential uses, ADUs, and residential care uses. The largely undeveloped portion of the lot creates an exceptional opportunity for additional housing, multigenerational living, rental income, or future expansion while preserving the home s existing garden setting. Conveniently located near downtown Santa Barbara, State Street, Cottage Hospital, shopping, dining, and neighborhood amenities, 319 W Mission Street offers the charm of a classic Santa Barbara residence, the comfort of a thoughtfully renovated interior, and the lasting value of a generous and versatile property. --
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 3.2 |
| Square foot | 1,330 | 2,768.185 |
| Lot Size | - | 20,827.852 |
| Price | $2.00M | $4.30M |
| Price per sq ft | $1.5K | $1.6K |
| Built year | 1920 | 1959 |
| HOA | $0 | $3.2K |
| Days on market | 165 | 89 |
May 12, 2026
$2,000,000
Initial Listing
Dec 22, 2023
$1,420,000
Public Record
Dec 6, 2021
$1,280,000
Public Record