4488 La Paloma Avenue, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 7 bed, 6 bath
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SANTA BARBARA, CA 93105
Analysis of 4488 La Paloma Avenue, SANTA BARBARA, CA 93105 is currently available with a list price of $3,495,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is listed as a 'contractor's special' due to significant interior fire damage sustained in 2024. While the guest house is functional and the main kitchen features high-end Wolf appliances, the main residence has extensive soot damage, exposed structural joists, and missing ceilings, requiring substantial rehabilitation and safety repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 173368, living area = 4120.
Spanning nearly four acres of usable land in the Santa Barbara foothills, this property offers rare privacy and space for horses or agricultural pursuits while remaining close to city amenities.
The inclusion of a fully separate 3-bedroom, 2-bath guest house provides immediate utility, guest accommodations, or potential rental income while the main residence is being restored.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
The 4,120 sq ft main residence suffered interior fire damage in 2024, requiring a total restoration and likely limiting financing options to cash or specialized construction loans.
As a 'contractor’s special,' the property demands a substantial investment of time, capital, and permitting expertise to revitalize the main home to its full potential.
Set in the picturesque foothills near San Marcos Foothills Preserve, this ''contractor's special'' is a rare opportunity to revitalize a truly special property! Spanning nearly four acres of usable land, the compound features two residences: a +/-4,120 sq ft main home -- partially damaged by an interior fire in 2024 -- and a fully separate 3-bedroom, 2-bath guest house. With space, privacy, and remarkable natural surroundings, the property offers the ideal canvas to create an extraordinary foothill estate. Surrounded by mature oaks, rolling green hills, mountain vistas, and even peeks of the ocean, the setting feels worlds away while remaining just minutes from the best of Santa Barbara. The spacious parcel provides inspiring views and usable acreage reminiscent of the nearby Santa Ynez Valley lifestyle -- yet with the convenience of town close at hand. Located within the award-winning Mountain View Elementary School attendance area, the property also offers zoning that may accommodate horses or other unique possibilities. Recent infrastructure improvements include two water meters and sewer upgrades, providing a strong foundation for the next chapter of this exceptional foothill compound.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 6.0 | 3.0 | 98% |
| Square foot | 4,120 | 2,087 | 96% |
| Lot Size | - | 10,018.8 | 8% |
| Price | $3.50M | $2.15M | 84% |
| Price per sq ft | $848 | $1.0K | 30% |
| Built year | 1984 | 1961 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 194 | 2% |
Mar 18, 2026
$3,495,000
Initial Listing
Jun 10, 2022
$4,700,000
Public Record