437 2nd St, Solvang, CA 93463, Solvang, 93463 - 3 bed, 0 bath
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437 2nd St
Solvang, CA 93463
ACTIVE
CONDITION: GOOD
3Beds
0Baths
6,911Sq Ft
6,970Lot Size
Property Price
LIST PRICE$2,995,000
SUMMARY
This stunningly designed DT Solvang commercial building showcases outstanding architectural details and an impressive penthouse with a private elevator spanning four floors. The penthouse includes three bedrooms, two fireplaces, and Douglas fir beams, vaulted ceilings, and breathtaking city and mountain views. You will find a 30 plus seat restaurant with patio, and five retail and office spaces, ideal for conversion into vacation rental units, complemented by a carport and onsite parking. ADA-compliant restrooms are available, along with a one-bedroom short-term rental unit that generates income and high ratings. This unique property is perfect for downtown owner-occupied living, offering additional rental income potential and conveniently located across from the Solvang Festival Theater.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1981, the property is exceptionally well-maintained, functional, and move-in ready. The kitchen features high-quality wood cabinetry and updated stainless steel appliances, and the interior boasts pristine hardwood flooring and well-kept mechanical systems.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Revenue Streams
The property features a 30-seat restaurant, five retail/office spaces, and a short-term rental unit, providing multiple income sources and significant investment flexibility.
- Prime Downtown Location
Located in the heart of Solvang across from the Festival Theater, the property benefits from high visibility and foot traffic in a premier tourist destination.
- Luxury Owner's Quarters
A stunning four-story penthouse with a private elevator, vaulted ceilings, and mountain views offers a high-end living experience for an owner-occupant.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With over 500 days on the market, the property may face challenges regarding its current valuation or niche appeal, potentially affecting buyer leverage.
- Operational Complexity
The mix of restaurant, retail, and residential uses requires intensive management and maintenance compared to traditional single-use investment properties.
About 437 2nd St
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1981
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 6,911 | 1,906 |
| Lot Size | 6,970 | 5,663 |
| Price | $3.00M | $1.04M |
| Price per sq ft | $433 | $546 |
| Built year | 1981 | 1955 |
| HOA | $0 | $0 |
| Days on market | 534 | 117 |
Pricing History
Listed for Sale
Oct 16, 2026
$2,995,000
$3,150,000
-5% Price Drop
Initial Listing
Price Change
May 8, 2025
$3,150,000
Initial Listing
Sold
Jul 19, 2011
$750,000
Public Record
Sold
Apr 14, 1998
$620,000
Public Record