4814 Payton Street, Santa Barbara, CA 93111, Santa Barbara, 93111 - 6 bed, 3 bath
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Santa Barbara, CA 93111
Analysis of 4814 Payton Street, Santa Barbara, CA 93111 is currently available with a list price of $2,490,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1962, the property features a kitchen and bathrooms that appear to have been updated 20-30 years ago (oak cabinetry, dated tile/fixtures). While functional, the home shows significant age with dated carpeting and window AC units, suggesting original or older HVAC systems that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 3110.
The property features an attached two-story rental unit with two bedrooms and one bathroom, offering immediate rental income opportunities or a private space for multi-generational living.
Boasting a 93 Bike Score and proximity to the Obern Bike Trail and More Mesa beach, the location provides effortless access to Santa Barbara's premier outdoor recreation and coastal amenities.
With six bedrooms but only three total bathrooms across both units, the property may feel underserved for larger families or high-occupancy rental scenarios.
Built in 1962, the property may require capital improvements or aesthetic updates to align with contemporary luxury standards expected at the $2.49M price point.
Nestled in a highly desirable Santa Barbara neighborhood, 4814 Payton Street offers a rare real estate opportunity priced at $2,490,000. This expansive 3,110-square-foot residence sits on a generous 0.29-acre lot, perfectly blending functional design with coastal California living. The standout feature of this property is its amazingly versatile floor plan, configuration for multi-generational living, or premium investment potential. The main home boasts four sun-drenched bedrooms and two full bathrooms, highlighted by an exceptionally large kitchen that serves as the heart of the home. Directly adjacent, a very large family room provides seamless indoor-outdoor flow with direct access to a private back garden filled with mature, producing fruit trees.Adding incredible value to the estate is an attached two-story rental unit complete with two bedrooms and one bathroom, creating immediate rental income or an ideal in-law suite. Sun-drenched interiors run throughout the entire property, which also features a spacious two-car garage and framing views of the majestic local mountains.The location offers a lifestyle of effortless convenience, boasting a 64 Walk Score due to its close proximity to the Turnpike Shopping Center and San Marcos High School. Outdoor enthusiasts will love the immediate access to the Obern Bike Trail, yielding an exceptional 93 Bike Score, as well as being just minutes away from pristine open spaces and More Mesa beach.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.5 | 98% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,110 | 1,924.5 | 84% |
| Lot Size | 12,632 | 9,583 | 75% |
| Price | $2.49M | $1.58M | 80% |
| Price per sq ft | $801 | $874 | 27% |
| Built year | 1962 | 1963 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 185 | 2% |
May 18, 2026
$2,490,000
Initial Listing