331 N Alisos Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
331 N Alisos Street
SANTA BARBARA, CA 93103
Property Price
SUMMARY
Analysis of 331 N Alisos Street, SANTA BARBARA, CA 93103 is currently available with a list price of $2,000,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property, built in 1930, requires substantial rehabilitation. While the listing features high-end virtual staging to show potential, the actual interior photos reveal significant deferred maintenance, including damaged wood flooring, outdated wood paneling, and aging electrical components. The exterior and grounds also show signs of neglect, aligning with the listing's description of a value-add opportunity requiring extensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Unit Mix
The property features a versatile configuration ranging from a 1-bedroom unit to a 4-bedroom unit, catering to a wide demographic of tenants and maximizing rental demand.
- Prime Coastal Location
Situated in Santa Barbara's desirable Eastside, the property is minutes from downtown, beaches, and hiking trails, ensuring high desirability and long-term appreciation.
- Substantial Lot Size
The expansive 16,988 square foot lot is exceptionally large for the area, providing significant space for potential ADU additions or enhanced outdoor amenities.
CONSRISKS & DEFICIENCIES
- Historic Maintenance Needs
Built in 1930, the property likely requires significant capital expenditure for updates to aging systems, plumbing, and electrical to meet modern standards.
- Management Complexity
Managing a multi-unit property with high bedroom counts (up to 4 bedrooms) typically results in higher tenant turnover and more intensive property management requirements.
- Regulatory Hurdles
Any reconfiguration or expansion is subject to Santa Barbara's stringent building codes and approval processes, which can be time-consuming and costly for investors.
About 331 N Alisos Street
Exceptional multi-unit investment opportunity located in Santa Barbara's sought-after Eastside neighborhood. This Victorian-style four-plex consists of three separate structures, including a three-bedroom, two-bath single-family residence; a duplex featuring a three-bedroom, three-bath unit and a four-bedroom, two-bath unit; and a detached one-bedroom, one-bath unit. The property offers multiple income streams with potential for value enhancement through renovations or reconfiguration, subject to buyer investigation and applicable approvals. Conveniently situated just minutes from downtown Santa Barbara, beaches, hiking trails, dining, and shopping, the location provides access to a wide range of amenities and coastal lifestyle offerings. This Eastside property presents an opportunity for investors seeking income potential and long-term ownership in a well-located Santa Barbara neighborhood.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1930
- Lot Size
- 16,988 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 | - | 1,018 | 38% |
| Lot Size | 16,988 | 5,227 | 88% |
| Price | $2.00M | $2.50M | 50% |
| Price per sq ft | $0 | $977 | 38% |
| Built year | 1930 | 1918 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 132 | 13% |
Pricing History
Listed for Sale
Jan 26, 2026
$2,000,000
Initial Listing