514 E Islay Street A&B, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
ACTIVE$2,295,000/sqft
514 E Islay Street A&B, SANTA BARBARA, CA 93101
0Bed
0Bath
Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Rental Income: The property is an income-generating duplex with both units currently occupied, yielding a significant gross rental income of $10,000 per month.
Top Cons:
Building Age: Constructed in 1973, the underlying infrastructure of the building is older, which may lead to potential maintenance considerations not covered by recent renovations.
Compared to the nearby listings
Price:$2.29M vs avg $1.77M (+$520,000)63%
Size: sqft vs avg 1,612.5 sqft38%
Price/sqft:$0 vs avg $57144%
More Insights
Built in 1973 (53 years old).
Condition: Despite being built in 1973, the property has undergone a beautiful and extensive renovation, as confirmed by the listing description and images. The kitchens feature modern blue shaker cabinets, contemporary countertops, subway tile backsplashes, and recessed lighting. The bathrooms are sparkling with new vanities, modern fixtures, and updated shower/tub combos. Throughout the units, there is modern laminate/engineered wood flooring, fresh paint, updated light fixtures, and clean, contemporary finishes. While the kitchen appliances are white rather than stainless steel, and a cooling system isn't mentioned, the overall aesthetic and condition of the renovated spaces are virtually new and meet current quality standards, aligning with an 'Excellent' rating for a recently renovated property.
Year Built
1973
Close
-
List price
$2.29M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-1193
Home ConditionExcellent
Features
Good View:
Deck
View-
About this home
Quality & Prime Location Santa Barbara Duplex with views! Both Units are currently occupied with $10,000/mo. gross rents! Beautifully renovated, single level, 2 beds/1 1/2 baths & approx. 980 sqft each. Filled with natural light on an elevated & sunny exposure, with city views & ocean peeks. Each unit boasts open living space, dining nook, remodeled kitchen & sparkling bathrooms. Large balconies offer outdoor relaxing & entertaining space. Each unit sits above separate carports & their own laundry & storage rooms. The following appliances are included for each unit: washer, dryer, dishwasher, stove and refrigerator. Close to downtown Santa Barbara and a short drive to the beach & the renowned County Bowl!
J
Jacqueline Walters
Listing Agent
Condition Rating
Excellent
Despite being built in 1973, the property has undergone a beautiful and extensive renovation, as confirmed by the listing description and images. The kitchens feature modern blue shaker cabinets, contemporary countertops, subway tile backsplashes, and recessed lighting. The bathrooms are sparkling with new vanities, modern fixtures, and updated shower/tub combos. Throughout the units, there is modern laminate/engineered wood flooring, fresh paint, updated light fixtures, and clean, contemporary finishes. While the kitchen appliances are white rather than stainless steel, and a cooling system isn't mentioned, the overall aesthetic and condition of the renovated spaces are virtually new and meet current quality standards, aligning with an 'Excellent' rating for a recently renovated property.
Pros & Cons
Pros
Strong Rental Income: The property is an income-generating duplex with both units currently occupied, yielding a significant gross rental income of $10,000 per month.
Prime Santa Barbara Location: Situated in a prime Santa Barbara location, the property offers convenient access to downtown, the beach, and the renowned County Bowl.
Renovated Interiors: Both units have been beautifully renovated, featuring remodeled kitchens and sparkling bathrooms, enhancing their appeal to tenants.
Desirable Views: The elevated and sunny exposure provides attractive city views and ocean peeks, adding to the property's desirability.
Individual Unit Amenities: Each unit benefits from separate carports, private laundry facilities, dedicated storage rooms, and included appliances (washer, dryer, dishwasher, stove, refrigerator).
Cons
Building Age: Constructed in 1973, the underlying infrastructure of the building is older, which may lead to potential maintenance considerations not covered by recent renovations.
No Mention of Cooling System: The property description does not indicate the presence of a cooling system (e.g., air conditioning), which could be a drawback in warmer months, especially given its sunny exposure.
Unit Size: Each unit is approximately 980 sqft, which, while functional for 2 beds/1.5 baths, may be considered modest in size by some prospective tenants or buyers seeking more spacious living areas.