4817 San Gordiano Avenue, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 0 bed, 0 bath
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SANTA BARBARA, CA 93111
Analysis of 4817 San Gordiano Avenue, SANTA BARBARA, CA 93111 is currently available with a list price of $2,400,000. 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.
Prime Santa Barbara 4-Unit Multifamily Investment Opportunity This well-maintained 4-unit multifamily property is ideally located just off Turnpike Road, offering quick access to the US 101 Freeway and only minutes from downtown Santa Barbara. Its central location places residents near retail shopping, restaurants, parks, and just a short walk from San Marcos High School — ensuring a strong and stable tenant base. Not subject to City Rental Rules Situated on an approximately 8,776 SF lot, the property features a 3,560 SF building with a highly desirable unit mix: (1) 1BD/1BA, (2) 2BD/1BA, and (1) 3BD/2BA. Each unit includes one dedicated covered parking space, adding to tenant appeal and convenience. With significant upside potential through rent growth or light improvements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,928 | 3,214 | 50% |
| Lot Size | 8,276 | 4,138 | 50% |
| Price | $2.40M | $2.03M | 50% |
| Price per sq ft | $611 | $638 | 50% |
| Built year | 1964 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 203 | 202 | 0% |
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