
SANTA BARBARA, CA 93103
Analysis of 555 E Arrellaga Street Apt 7, SANTA BARBARA, CA 93103 is currently available with a list price of $1,249,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
While built in 1985, the residence has undergone a high-end renovation featuring premium Miele and Electrolux appliances, Brazilian chestnut hardwood floors, and Milgard dual-pane windows. The interior is in mint condition with modern recessed lighting, updated fixtures, and high-quality finishes throughout, requiring no maintenance.
Situated at the intersection of the Upper East and Lower Riviera, this property offers a prestigious cul-de-sac location minutes from the Santa Barbara Mission, downtown State Street, and world-class beaches.
The residence features premium upgrades including Brazilian chestnut hardwood floors, travertine tile, Milgard dual-pane windows, and a gourmet kitchen with Miele and Electrolux appliances.
Rare for this neighborhood, the home provides both secure underground garage parking and an additional uncovered space, along with two private outdoor areas for an indoor-outdoor lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1007.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 1067.
The association fee of $750 per month is relatively high, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
Where the Upper East Meets the Lower Riviera, an exceptional Santa Barbara lifestyle awaits. Tucked away on a peaceful cul-de-sac in one of Santa Barbara's most desirable neighborhoods, 555 E. Arrellaga St. #7 offers a rare combination of elevated design, timeless materials, and unbeatable convenience--just moments from the historic Santa Barbara Mission, downtown State Street, theaters, dining, coffee shops, hiking trails, and world-class beaches. Thoughtfully updated and filled with natural light, this beautifully appointed 2-bedroom, 2-bath residence lives far larger than its footprint, with an airy layout and effortless flow that creates a true sense of space and comfort. Rich Brazilian chestnut hardwood floors and elegant travertine tile add warmth and sophistication throughout, while Milgard dual-pane windows and plantation shutters throughout provide timeless architectural character, privacy, and energy efficiency. At the heart of the home, an inviting living room anchored by a fireplace creates the perfect setting for cozy evenings, quiet mornings, or effortless entertaining. The thoughtfully designed kitchen pairs refined finishes with premium performance, featuring Miele and Electrolux appliances, generous functionality, and a built-in wine cooler--perfectly suited for everything from casual mornings to dinner parties with friends. Designed to embrace Santa Barbara's coveted indoor-outdoor lifestyle, the home offers a charming covered porch ideal for al fresco dining, morning coffee, or evening wine, while a private patio off the primary bedroom creates a peaceful retreat to unwind and enjoy Santa Barbara's year-round coastal climate. The spacious primary suite feels like a true sanctuary, while the second bedroom offers flexibility for guests, a home office, or creative space. Every detail has been considered for comfort and ease, including all appliances conveying with the home--including washer, dryer, and built-in wine cooler. Additional conveniences include the rare luxury of secure parking in a common underground garage plus an additional uncovered parking space, offering ease and peace of mind in one of Santa Barbara's most coveted neighborhoods. What truly sets this home apart is its location--perfectly positioned where the Upper Eastside meets the Lower Riviera--offering the serenity of a tucked-away retreat while remaining minutes from the very best of Santa Barbara living. Whether you're seeking a full-time residence, sophisticated pied-à-terre, or lock-and-leave getaway, 555 E. Arrellaga St. #7 delivers the rare opportunity to own a beautifully updated home that feels both elevated and effortlessly livable. Private. Refined. Ideally located. And unmistakably Santa Barbara.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,067 | 1,797 | 37% |
| Lot Size | 871 | 9,583.2 | 5% |
| Price | $1.25M | $2.12M | 11% |
| Price per sq ft | $1.2K | $1.7K | 32% |
| Built year | 1985 | 1929 | 89% |
| HOA | $750 | $0 | 95% |
| Days on market | 17 | 197 | 5% |
Jun 5, 2026
$1,249,000
$1,296,000
-4% Price Drop
Initial Listing
May 27, 2026
$1,296,000
Initial Listing
Apr 3, 2012
$400,000
Public Record
Apr 17, 2003
$547,000
Public Record