415 Rancheria Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
415 Rancheria Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property was completely remodeled in 2013, which falls within the 5 to 15-year window for an extensive renovation under the 'good' criteria. The units are move-in ready with modern conveniences such as in-unit washers and dryers and a recently replaced driveway (less than a year old). While the 1.5 bathroom count for 4-bedroom units is a layout limitation, the overall systems and finishes appear well-maintained and functional without the need for immediate major rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just one block from Santa Barbara City College and within walking distance to the beach, this property is ideally positioned for high-demand student housing or coastal rentals.
- Modernized Units
The units were completely remodeled in 2013 and feature modern conveniences like in-unit washers and dryers, which significantly enhance tenant appeal and rental value.
- High Income Potential
With 16 total bedrooms in a high-demand market, this residential income property offers substantial cash flow opportunities for savvy investors.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Ratio
Each four-bedroom unit only contains 1.5 bathrooms, which may be a drawback for some tenants and could limit the property's competitive edge against more modern layouts.
- High Entry Price
At a list price of $3.95 million, the property requires a significant initial investment, which may result in a tighter capitalization rate for investors in the current market.
About 415 Rancheria Street
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.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- -
- Lot Size
- 7,405.2 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 | - | 2,148 | 26% |
| Lot Size | 7,405.2 | 7,405.2 | 50% |
| Price | $3.95M | $2.79M | 91% |
| Price per sq ft | $0 | $608 | 26% |
| Built year | - | 1951 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 211 | 4% |
Pricing History
Listed for Sale
Feb 9, 2026
$3,950,000
Initial Listing
Sold
Feb 14, 2013
$1,250,000
Public Record