513 E Pedregosa Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 0 bed, 0 bath
Loading property details...
SANTA BARBARA, CA 93103
Analysis of 513 E Pedregosa Street, SANTA BARBARA, CA 93103 is currently available with a list price of $2,395,000. 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 has undergone a significant cosmetic refresh, including new wide-plank flooring, updated lighting, and fresh paint throughout. While the kitchen and bathrooms retain some older elements such as louvered cabinetry and terracotta floor tiles, they are well-maintained and functional, aligning with the 'good' criteria for a well-kept property with recent updates.
Situated in the highly coveted Upper East/Lower Riviera area, the property offers rare panoramic ocean and Mesa hill views, significantly boosting its long-term value and desirability.
Delivered fully vacant, this 4-unit property allows for immediate market-rate rents or a unique owner-user opportunity in the spacious 1,500 SF primary unit.
The building blends 1910 architectural charm with modern updates, including refreshed interiors, new flooring, and stylish lighting, minimizing immediate cosmetic renovation needs.
Originally built in 1910, the property may require ongoing maintenance or significant capital expenditures for aging systems not fully addressed by recent cosmetic updates.
A history of multiple price reductions since the original listing date suggests initial overvaluation or potential market resistance that may affect buyer perception.
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!
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 | - | 1,316 | 33% |
| Lot Size | 7,405.2 | 4,791.6 | 89% |
| Price | $2.40M | $2.40M | 50% |
| Price per sq ft | $0 | $942 | 33% |
| Built year | 1910 | 1911 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 275 | 185 | 0% |
Mar 21, 2026
$2,395,000
$2,550,000
-6% Price Drop
Initial Listing
Jan 25, 2026
$2,550,000
$2,695,000
-5% Price Drop
Initial Listing
Jan 9, 2026
$2,695,000
$2,795,000
-4% Price Drop
Initial Listing
Jul 21, 2025
$2,795,000
Initial Listing
Oct 5, 2000
$670,000
Public Record