
SANTA BARBARA, CA 93105
Well-maintained and lovingly cared for San Roque duplex which has been owned by the same family for over 48 years. This turnkey property consists of two 952 square foot 2BD/1.5BA townhomes making it an ideal opportunity for an owner-occupant, a dual family purchase, or for an investor looking for quality units. Each unit offers panoramic mountain views, newer appliances, private rear patios, individual personal laundry areas, and off-street covered parking. See ''more'' Ownership has been proactive on maintenance/updates and has improved each unit with newer wood-like laminate flooring, newer Milgard dual-pane windows (2018), repairs to the roof (2025), and a new slurry coat to the driveway (to be completed before the COE). Both units are currently rented for $3,500 per month (approximately 15% below market) with tenants paying for their own utilities1. This is one of the best values available in Santa Barbara to obtain over 1900 SF of living space in the sought after San Roque neighborhood and Hope/La Colina School district which is just moments from uptown Santa Barbara's shopping, financial services and restaurants. (1) Landlord pays water, sewer, and trash, then bills tenants for 85% of the monthly cost, split per person per unit.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained for its 1970 build date. It features several significant recent updates including Milgard dual-pane windows (2018), wood-like laminate flooring, and a roof repair (2025). The kitchen and bathrooms are functional and clean; while the kitchen retains older tile countertops and cabinet styles, it is equipped with newer stainless steel and black appliances. The bathrooms have been refreshed with modern vanities and framed mirrors, and the overall condition shows no signs of deferred maintenance.
Situated in the highly desirable San Roque neighborhood and top-tier Hope/La Colina School district, ensuring strong long-term appreciation and consistent tenant demand.
The property features significant recent improvements including Milgard dual-pane windows, 2025 roof repairs, and newer wood-like laminate flooring, minimizing immediate capital expenditure.
With current rents approximately 15% below market rates, there is a clear opportunity for an investor to increase cash flow and improve the capitalization rate through lease adjustments.
The existing leases are underpriced relative to the Santa Barbara market, resulting in a lower initial return on investment until market-rate adjustments can be implemented.
Despite proactive maintenance, the 1970 build date suggests that underlying systems like plumbing and electrical may eventually require more attention than newer developments.
The current arrangement where the landlord pays for water, sewer, and trash and bills back 85% creates an ongoing administrative burden compared to fully sub-metered units.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,904 | 1,517.75 |
| Lot Size | 5,227 | 6,905.063 |
| Price | $1.71M | $1.98M |
| Price per sq ft | $897 | $1.2K |
| Built year | 1970 | 1955 |
| HOA | $0 | $0 |
| Days on market | 416 | 69 |
Oct 31, 2025
$1,707,000
Public Record