
SANTA BARBARA, CA 93111
Analysis of 4817 San Gordiano Avenue, SANTA BARBARA, CA 93111 is currently available with a list price of $2,350,000. 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.
Property is move-in ready.
The property is move-in ready and well-maintained with clear evidence of recent cosmetic updates. Although built in 1964, the units feature updated kitchen countertops, modern black faucets, and contemporary bathroom vanities. The flooring consists of clean carpeting and wood-look laminate, and the interiors have been freshly painted. While some elements like the white appliances and aluminum window frames are older, the overall condition is functional and well-preserved without immediate need for major renovation.
The property is not subject to City Rental Rules, providing the owner with significantly more flexibility regarding management and rent adjustments compared to other multifamily assets in the Santa Barbara area.
Ideally situated near the US 101 Freeway and within walking distance of San Marcos High School, the central location ensures high tenant demand and proximity to essential retail and dining.
The property features a desirable mix of 1, 2, and 3-bedroom units, allowing the owner to capture a wide demographic of renters from single professionals to larger families.
Built in 1964, the property likely requires capital investment for modernization or deferred maintenance of major systems to fully realize its market rent potential.
With only one dedicated covered parking space per unit, the 2-bedroom and 3-bedroom units may face challenges accommodating multi-car households, potentially leading to street parking congestion.
NO CITY RENT CONTROL HERE!!! Prime Santa Barbara 4-Unit Multifamily Investment Opportunity Ideally positioned just off Turnpike Road, this well-maintained four-unit multifamily property presents an attractive opportunity to acquire a versatile income-producing asset in one of Santa Barbara's most established residential markets. The property offers convenient access to the US 101 Freeway and is only minutes from downtown Santa Barbara, providing residents with easy connectivity to employment centers, shopping, dining, recreation, and everyday amenities. Situated on an approximately 8,776-square-foot lot, the property encompasses approximately 3,560 square feet of living space and features a desirable unit mix designed to appeal to a broad range of tenants: one 1-bedroom/1-bathroom u two 2-bedroom/1-bathroom units, and one 3-bedroom/2-bathroom unit. Each residence benefits from one dedicated covered parking space, an increasingly valuable amenity in Santa Barbara. The property's location contributes to a strong and convenient residential setting, with nearby retail shopping, restaurants, parks, and neighborhood services. Its proximity to San Marcos High School, along with quick access to major transportation routes, further enhances the property's appeal to prospective tenants and supports long-term rental demand. Not subject to City Rental Rules. For an investor, the property offers an appealing combination of existing rental income, four-unit scale, and meaningful upside potential. Opportunities may include continued rent growth, strategic cosmetic improvements, and selective property enhancements designed to improve the tenant experience and increase overall income. With its well-balanced unit mix, dedicated parking, established location, and potential for future value creation, this offering represents an opportunity to acquire a Santa Barbara multifamily asset with both current income and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,928 | 1,614 |
| Lot Size | 8,276 | 8,365.125 |
| Price | $2.35M | $1.78M |
| Price per sq ft | $598 | $1.1K |
| Built year | 1964 | 1936 |
| HOA | $0 | $0 |
| Days on market | 343 | 43 |
Sep 8, 2026
$2,350,000
$2,400,000
-2% Price Drop
Initial Listing
Apr 10, 2026
$2,400,000
$2,500,000
-4% Price Drop
Initial Listing
Oct 1, 2025
$2,500,000
Initial Listing
Jun 30, 1999
$660,000
Public Record