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6 E Valerio Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

6 E Valerio Street, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$5,995,000$2,389/sqft
6 E Valerio Street, SANTA BARBARA, CA 93101
0Bed
0Bath
2,389Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Nestled in the heart of downtown Santa Barbara, offering unparalleled access to the bustling restaurant and theatre district, weekly Farmers Markets, and cultural attractions.
Top Cons:
High Investment Cost: The list price of $5.995 million represents a substantial capital investment, potentially limiting the pool of interested buyers.

Compared to the nearby listings

Price:$6.00M vs avg $1.77M (+$4,220,000)94%
Size:2,389 sqft vs avg 1,690 sqft63%
Price/sqft:$2.5K vs avg $62488%

More Insights

Condition: The property has been extensively remodeled, as stated in the description, and the images confirm a very recent and high-quality renovation. All kitchens (including kitchenettes in rental units) and bathrooms feature modern cabinetry, quartz countertops, new stainless steel appliances, contemporary fixtures, and stylish tiling/flooring. The flooring throughout is either new large-format tile or light wood-look laminate/LVP, all in excellent condition. Lighting is primarily recessed with modern sconces. HVAC systems appear new (mini-splits in rental units, central air in the main residence). There is no visible wear and tear, and all components meet current quality standards, indicating a property that is virtually new or extensively renovated within the last 5 years.
Year Built
Close
-
List price
$6M
Original List price
-
Price/Sqft
$2,509
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3209
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Nestled in the heart of downtown Santa Barbara, Casa Valerio blends classic charm with modern sophistication. This extensively remodeled mixed-use property offers both residential comfort and exceptional investment potential. The second-floor residence spans +/-1,406 square feet and features 3 bedrooms, 2 bathrooms, a two-car garage, and two private decks, perfect for enjoying Santa Barbara's ideal weather. The first-floor houses four permitted short-term rental units, providing a lucrative opportunity in the city's vibrant downtown core. Just blocks from the bustling restaurant and theatre district, residents and guests can enjoy the best of Santa Barbara's culinary and cultural scene. Additional nearby attractions include the weekly Farmers Markets, the County Courthouse, Paseo Nuevo, the Mission and Rose Garden, Alice Keck Park, Alameda Park, the Santa Barbara Bowl, and downtown Santa Barbara. Casa Valerio offers a combination of prime location, modern upgrades, and versatile living spaces, making it a standout property for owners, tenants, and visitors alike.

S
Steve Epstein
Listing Agent
Condition Rating
Excellent
The property has been extensively remodeled, as stated in the description, and the images confirm a very recent and high-quality renovation. All kitchens (including kitchenettes in rental units) and bathrooms feature modern cabinetry, quartz countertops, new stainless steel appliances, contemporary fixtures, and stylish tiling/flooring. The flooring throughout is either new large-format tile or light wood-look laminate/LVP, all in excellent condition. Lighting is primarily recessed with modern sconces. HVAC systems appear new (mini-splits in rental units, central air in the main residence). There is no visible wear and tear, and all components meet current quality standards, indicating a property that is virtually new or extensively renovated within the last 5 years.
Pros & Cons

Pros

Prime Downtown Location: Nestled in the heart of downtown Santa Barbara, offering unparalleled access to the bustling restaurant and theatre district, weekly Farmers Markets, and cultural attractions.
Significant Income Potential: The first floor features four permitted short-term rental units, providing a lucrative and consistent revenue stream in a high-demand area.
Mixed-Use Versatility: This property offers a unique blend of residential comfort on the second floor and exceptional investment potential from the ground-floor rentals, appealing to owner-occupants and investors alike.
Extensively Remodeled: The property has been extensively remodeled, blending classic charm with modern sophistication, suggesting updated aesthetics and functionality.
Desirable Residential Amenities: The second-floor residence includes 3 bedrooms, 2 bathrooms, a two-car garage, and two private decks, enhancing the quality of life for residents.

Cons

High Investment Cost: The list price of $5.995 million represents a substantial capital investment, potentially limiting the pool of interested buyers.
Management Complexity: Operating and managing four short-term rental units in addition to a residential component can be demanding, requiring significant time or professional oversight.
Potential for Noise/Privacy Concerns: Its central downtown location and the presence of multiple short-term rental units may lead to increased noise levels and reduced privacy for the residential occupant.
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