513 E Pedregosa Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
ACTIVE$2,695,000/sqft
513 E Pedregosa Street, SANTA BARBARA, CA 93103
0Bed
0Bath
Sqft
7,405.2Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Panoramic Views: Strategically positioned in Santa Barbara's coveted Upper East/Lower Riviera, offering fabulous panoramic ocean and Mesa hill views, enhancing desirability and value.
Top Cons:
Historic Property Maintenance: Built in 1910, the property's age may entail higher ongoing maintenance costs and potential for outdated infrastructure (e.g., plumbing, electrical) compared to newer constructions.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1910 (116 years old).
Condition: Built in 1910, this property has undergone significant cosmetic updates, including refreshed interiors, new paint, lighting, and stylish flooring throughout the main unit, making it move-in ready. The main unit's kitchen features a unique style with blue cabinets and skylights, though appliances are older white models. The main bathroom is clean and functional, with a recently updated powder room. While the secondary units' kitchens and bathrooms are dated in style, they appear clean, functional, and have also benefited from fresh paint and new-looking flooring/carpet, indicating they are well-maintained and require no immediate renovation.
Year Built
1910
Close
-
List price
$2.69M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2770
Home ConditionGood
Features
Excellent View:
Deck
Patio
View-
About this home
Boasting over 3,700 SF, this ultra charming 4 unit gem features fabulous panoramic ocean and Mesa hill views and is perfectly positioned below the iconic El Encanto Hotel in Santa Barbara's coveted Upper East/Lower Riviera. Where timeless character meets modern updates and an A plus location, this majestic property features refreshed interiors, new paint, lighting, and stylish flooring throughout. Delivered fully vacant, allowing immediate market rents, or a rare owner-user opportunity in the spacious 1500 +/- SF, 2BD/1.5BA unit featuring a dynamic kitchen with cathedral ceilings & skylight, spacious living room, along with an oversize primary bedroom w/ sweeping ocean views! Enjoy the fabulous outdoor spaces complete with deck and large/private flat rear yard! A truly special offering!
Y
Yolanda Van Wingerden
Listing Agent
Price History
Date
Event
Price
10/05/00
Sold
$670,000
Condition Rating
Good
Built in 1910, this property has undergone significant cosmetic updates, including refreshed interiors, new paint, lighting, and stylish flooring throughout the main unit, making it move-in ready. The main unit's kitchen features a unique style with blue cabinets and skylights, though appliances are older white models. The main bathroom is clean and functional, with a recently updated powder room. While the secondary units' kitchens and bathrooms are dated in style, they appear clean, functional, and have also benefited from fresh paint and new-looking flooring/carpet, indicating they are well-maintained and require no immediate renovation.
Pros & Cons
Pros
Prime Location & Panoramic Views: Strategically positioned in Santa Barbara's coveted Upper East/Lower Riviera, offering fabulous panoramic ocean and Mesa hill views, enhancing desirability and value.
Exceptional Income Potential & Flexibility: A rare 4-unit property delivered fully vacant, providing immediate opportunity for market rents or a unique owner-user scenario in the spacious main unit.
Timeless Character with Modern Updates: The property beautifully blends its 1910 timeless character with recent modern updates, including refreshed interiors, new paint, lighting, and stylish flooring throughout.
Spacious & Well-Appointed Main Unit: The 1500 +/- SF, 2BD/1.5BA main unit boasts a dynamic kitchen with cathedral ceilings & skylight, a spacious living room, and an oversized primary bedroom with sweeping ocean views.
Desirable Outdoor Spaces: Features fabulous outdoor amenities, including a deck and a large, private flat rear yard, adding significant lifestyle appeal for residents.
Cons
Historic Property Maintenance: Built in 1910, the property's age may entail higher ongoing maintenance costs and potential for outdated infrastructure (e.g., plumbing, electrical) compared to newer constructions.
Recent Price Reduction: A recent price reduction from $2.795M to $2.695M could indicate initial overpricing or a longer time on market, potentially signaling buyer hesitation.
Limited Details on Secondary Units: While the main unit is well-described, specific details regarding the size, layout, and condition of the other three units are not provided, which is crucial for a comprehensive investment analysis.