333 E Carrillo Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
333 E Carrillo Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 333 E Carrillo Street, SANTA BARBARA, CA 93101 is currently available with a list price of $3,675,000. 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.
Although built in 1956, the property is well-maintained with significant recent capital improvements including a new roof and all-new windows. Several units have been recently refreshed, and the overall condition is move-in ready, meeting the criteria for a well-maintained asset with updated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of Downtown Santa Barbara, the property offers exceptional walkability to premier shops, restaurants, and entertainment, ensuring high tenant demand and low vacancy rates.
- Significant Capital Improvements
The asset features a brand-new roof and recently replaced windows throughout, significantly reducing immediate capital expenditure requirements and improving energy efficiency for the new owner.
- Value-Add Potential
With several units already refreshed and others remaining in a more original state, there is a clear opportunity for further modernization to drive significant rent growth and increase the overall cap rate.
CONSRISKS & DEFICIENCIES
- Limited Parking Ratio
The property provides only 8 uncovered parking spaces for 10 units, which may be a competitive disadvantage for tenants with multiple vehicles in a dense urban environment.
- Vintage Infrastructure
Originally constructed in 1956, the building may require more frequent long-term maintenance of its core mechanical, electrical, and plumbing systems compared to newer multifamily assets.
About 333 E Carrillo Street
Neighboring Property Available - 1011 Laguna! 10-unit multifamily asset ideally situated in the heart of Downtown Santa Barbara, offering an exceptional blend of location, condition, and upside potential. The property features a desirable unit mix of (8) one-bedroom/one-bath and (2) two-bedroom/one-bath apartments. The build-ing has been well-maintained property with beautifully landscaped grounds, and 8 uncovered parking spaces, a valuable amenity in this prime urban location. Several units have been recently refreshed, providing an immediate sense of pride of ownership while still leaving room for further modernization and rent growth.Ideally positioned within walking distance to Downtown Santa Barbara's shops, restaurants, and entertainment. New Roof ∙ All Windows Replaced
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1956
- Lot Size
- -
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 | - | 7,405.2 | 9% |
| Price | $3.67M | $2.79M | 87% |
| Price per sq ft | $0 | $608 | 26% |
| Built year | 1956 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 211 | 13% |
Pricing History
Listed for Sale
Feb 24, 2026
$3,675,000
$3,950,000
-7% Price Drop
Initial Listing
Price Change
Nov 10, 2025
$3,950,000
Initial Listing