4817 San Gordiano Avenue, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - bed, bath
4817 San Gordiano Avenue
SANTA BARBARA, CA 93111
Property Price
SUMMARY
Analysis of 4817 San Gordiano Avenue, SANTA BARBARA, CA 93111 is currently available with a list price of $2,500,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is well-maintained and move-in ready, featuring several recent cosmetic updates. While originally built in 1964, the interiors show minimal wear with updated laminate wood-look flooring, modern bathroom vanities with contemporary black fixtures, and clean, painted cabinetry. The kitchens are functional with well-kept white appliances. Although it has not undergone a full high-end renovation, the overall quality and maintenance level exceed the 'fair' category for a multi-family investment of this vintage.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Ideally situated near the US 101 Freeway and downtown Santa Barbara, providing tenants with easy access to retail, dining, and top-rated schools like San Marcos High.
- Regulatory Advantage
The property is not subject to City Rental Rules, offering investors significantly more management flexibility and fewer restrictions compared to properties within city limits.
- Diverse Unit Mix
Featuring a versatile mix of 1, 2, and 3-bedroom units, the property appeals to a wide range of tenants from individuals to families, ensuring a stable tenant base.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1964, the property may require ongoing maintenance or capital expenditures for aging systems such as plumbing and electrical compared to modern builds.
- Limited Parking Ratio
With only one space per unit, the 2 and 3-bedroom units may face challenges for multi-car households, potentially leading to reliance on street parking.
- Immediate Capital Requirement
To achieve the mentioned upside potential, a buyer will likely need to invest immediate capital into improvements, impacting short-term liquidity.
About 4817 San Gordiano Avenue
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.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1964
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,928 | 3,214 | 50% |
| Lot Size | 8,276 | 4,138 | 50% |
| Price | $2.50M | $2.08M | 50% |
| Price per sq ft | $636 | $651 | 50% |
| Built year | 1964 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 157 | 156 | 0% |
Pricing History
Listed for Sale
Oct 1, 2025
$2,500,000
Initial Listing
Sold
Jun 30, 1999
$660,000
Public Record