513 E Pedregosa Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
513 E Pedregosa Street
SANTA BARBARA, CA 93103
Property Price
SUMMARY
Analysis of 513 E Pedregosa Street, SANTA BARBARA, CA 93103 is currently available with a list price of $2,550,000. 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.
While originally built in 1910, the property has been well-maintained and recently refreshed with new paint, lighting, and stylish flooring throughout. The primary unit features a modern, dynamic kitchen with cathedral ceilings and skylights, and the interiors are described as move-in ready. It meets the 'Good' criteria as it is functional and updated without being a brand-new construction or a total recent gut renovation of all four units.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in Santa Barbara's highly desirable Upper East/Lower Riviera neighborhood, the property offers an 'A plus' location near the iconic El Encanto Hotel.
- Investment Flexibility
The property is delivered fully vacant, providing a rare opportunity for immediate market-rate rental income or a spacious owner-user residence in the 1,500 SF primary unit.
- Panoramic Views
Residents can enjoy stunning, unobstructed views of the Pacific Ocean and Mesa hills, significantly increasing the property's long-term value and tenant appeal.
CONSRISKS & DEFICIENCIES
- Historic Maintenance
Originally constructed in 1910, the property may require more intensive long-term maintenance and infrastructure oversight compared to modern builds.
- Pricing Volatility
Recent history shows multiple price reductions, which may indicate initial overvaluation or a more cautious buyer sentiment in the current local market.
About 513 E Pedregosa Street
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!
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1910
- Lot Size
- 7,405.2 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 | - | 1,018 | 38% |
| Lot Size | 7,405.2 | 5,227 | 88% |
| Price | $2.55M | $2.77M | 50% |
| Price per sq ft | $0 | $977 | 38% |
| Built year | 1910 | 1911 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 229 | 142 | 0% |
Pricing History
Listed for Sale
Jan 25, 2026
$2,550,000
$2,695,000
-5% Price Drop
Initial Listing
Price Change
Jan 9, 2026
$2,695,000
$2,795,000
-4% Price Drop
Initial Listing
Price Change
Jul 21, 2025
$2,795,000
Initial Listing
Sold
Oct 5, 2000
$670,000
Public Record