430 S Canada Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 4 bed, 3 bath
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SANTA BARBARA, CA 93103
This California Cottage with Detached Studio is a strategic residential asset listed at $1,550,000—positioned well below the $1,563,235 Fair Market Value by 1%. This valuation gap provides $13,235 in Instant Equity. Boasting a Move-in Ready Condition Rating, the property includes a main home and a renovated 500 sq. ft. studio with a private patio. Its rare RM-H Zoning permits short-term rentals just one mile from East Beach. This is an ideal opportunity for Owner-Occupants seeking to house-hack or 1031 Exchange Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 430 S Canada Street Subject | $1,485,000* List Price | 4 | 3 | 1,138 | $1,308 | - |
A 1025 E Gutierrez Street Sold | $1,225,000 List Price | 2 | 1 | 1,043 | 0.9 mi | |
B 302 N Soledad Street Sold | $1,240,000 | 3 | 2 | 1,316 | $942 | 0.8 mi |
C 34 N Milpas Street Active | $1,395,000 List Price | 2 | 1 | 1,146 | $1,217 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a blend of vintage charm and modern updates. While the main 1925 cottage retains some dated elements—such as older kitchen appliances and 1970s-style wood paneling in one bathroom—it has been refreshed with stone countertops and updated light fixtures. The detached studio provides a high-quality contrast, having been extensively renovated with vaulted ceilings, modern cabinetry, and contemporary flooring, making the overall package a strong investment-grade property.
The property features a detached 500 sq. ft. studio with a private entrance and backyard, offering an ideal setup for house-hacking or generating significant rental income to offset mortgage costs.
Zoned RM-H (Residential Multi-Unit & Hotel), this property offers rare flexibility for short-term vacation rentals, making it a high-value asset for investors and 1031 exchange buyers.
Situated just a mile from East Beach, Montecito's Coast Village Road, and downtown State Street, the location provides residents with elite access to Santa Barbara's best amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Originally built in 1925, the property may require specialized maintenance or modern system upgrades typical of century-old California cottages to meet contemporary standards.
With a total of 1,138 square feet distributed across four bedrooms and three bathrooms, the individual living spaces and bedrooms may feel undersized for some buyers.
Discover this charming California cottage home featuring a light and bright 3 bed 2 bath main home and a spacious 500 sq. ft. detached studio with vaulted cathedral ceilings, a private gated entrance, and its own spacious backyard. Rent one unit and live in the other to offset your mortgage, while being located a mile from Montecito's Coast Village Road, Municipal Tennis and Pickle Ball courts, East Beach, and downtown State Street. This property is zoned RM-H (Residential Multi-Unit & Hotel) making it eligible for short term vacation rentals, buyer to investigate. This is a savvy investment opportunity for an owner-user, investor, or 1031 exchange.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 1,138 | 1,797 | 35% |
| Lot Size | - | 10,018.8 | 8% |
| Price | $1.49M | $2.00M | 35% |
| Price per sq ft | $1.3K | $1.1K | 57% |
| Built year | 1925 | 1937 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 196 | 8% |
Apr 9, 2026
$1,485,000
$1,550,000
-4% Price Drop
Initial Listing
Mar 13, 2026
$1,550,000
Initial Listing
Dec 30, 2021
$1,425,000
Public Record
Dec 4, 2018
$749,000
Public Record