415 Rancheria Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
Analysis of 415 Rancheria Street, SANTA BARBARA, CA 93101 is currently available with a list price of $3,950,000. 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.
Property is move-in ready.
The property is in move-in ready condition following a comprehensive remodel in 2013, which falls within the 5-15 year renovation window for a 'good' rating. The interiors feature modern stainless steel appliances, quartz countertops, updated cabinetry, and contemporary tile and laminate flooring. While the 1.5 bathroom count for 4-bedroom units is a functional limitation, the physical condition of the fixtures, lighting, and finishes is well-maintained with minimal signs of wear.
Situated just one block from Santa Barbara City College and in close proximity to the beach, the property is perfectly positioned to capture high rental demand from students and coastal residents.
The units underwent a complete remodel in 2013 and feature modern essentials like in-unit washers and dryers and a recently replaced driveway, reducing immediate capital expenditure requirements.
With a total of 16 bedrooms across four units, this residential income property offers substantial scale and revenue potential within the competitive Santa Barbara real estate market.
Each four-bedroom unit is equipped with only 1.5 bathrooms, which may be a competitive disadvantage for high-occupancy rentals and could impact the maximum achievable rent per room.
Accommodating 16 bedrooms on a 7,405 square foot lot results in high density, which likely limits private outdoor space and may create parking challenges for a full tenant roster.
16 bedrooms one block to SBCC and close to the beach. These 4 bedroom, 1.5 bath units were completely remodeled in 2013. New driveway was installed less than a year ago. All units have in unit washers and dryers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | - | 2,527 | 24% |
| Lot Size | 7,405.2 | 10,018.8 | 41% |
| Price | $3.95M | $2.79M | 88% |
| Price per sq ft | $0 | $583 | 24% |
| Built year | 0 | 1951 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 232 | 12% |
Feb 9, 2026
$3,950,000
Initial Listing
Feb 14, 2013
$1,250,000
Public Record