Realkey.ai
RealKey
‪(213) 433-7766‬

6 E Valerio Street, Santa Barbara, CA 93101, Santa Barbara, 93101 - 7 bed, 6 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
7Beds
6Baths
2,389Sqft
3,049Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Nestled in the heart of downtown Santa Barbara, the property is just blocks from the bustling restaurant and theatre district, weekly Farmers Markets, and other major attractions, offering unparalleled access to urban amenities.
Top Cons:
High Price Point: The listing price of $5,995,000 is substantial, placing the property in a very exclusive market segment and potentially limiting the pool of prospective 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, high-quality renovation. All kitchens (and kitchenettes) feature modern dark grey shaker-style cabinets, white quartz/marble-look countertops, stainless steel appliances (where applicable), and contemporary black or stainless steel fixtures. Bathrooms are equally modern with new wooden vanities, white sinks, gold-accented mirrors and lighting, and walk-in showers with glass enclosures and pebble floors, or modern shower/tub combos. Flooring is a mix of new large-format tile and wood-look laminate. All visible components, including mini-split HVAC units and lighting, appear new or virtually new, showing no signs of wear or deferred maintenance. The overall aesthetic is fresh, clean, and meets current quality standards.
Year Built
Close
-
List price
$6M
Original List price
-
Price/Sqft
$2,509
HOA
$0
Days on market
-
Sold On
-
MLS number
25580693
Home ConditionExcellent
Features
Good View:
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
Stephen Epstein
Listing Agent
Condition Rating
Excellent
The property has been extensively remodeled, as stated in the description, and the images confirm a very recent, high-quality renovation. All kitchens (and kitchenettes) feature modern dark grey shaker-style cabinets, white quartz/marble-look countertops, stainless steel appliances (where applicable), and contemporary black or stainless steel fixtures. Bathrooms are equally modern with new wooden vanities, white sinks, gold-accented mirrors and lighting, and walk-in showers with glass enclosures and pebble floors, or modern shower/tub combos. Flooring is a mix of new large-format tile and wood-look laminate. All visible components, including mini-split HVAC units and lighting, appear new or virtually new, showing no signs of wear or deferred maintenance. The overall aesthetic is fresh, clean, and meets current quality standards.
Pros & Cons

Pros

Prime Downtown Location: Nestled in the heart of downtown Santa Barbara, the property is just blocks from the bustling restaurant and theatre district, weekly Farmers Markets, and other major attractions, offering unparalleled access to urban amenities.
Significant Income Potential: The first floor houses four permitted short-term rental units, providing a lucrative and consistent revenue stream in Santa Barbara's vibrant tourism market.
Mixed-Use Versatility: This property offers a unique blend of residential comfort on the second floor and exceptional investment potential through the ground-floor rental units, appealing to a broad range of buyers.
Extensively Remodeled: Casa Valerio has been extensively remodeled, blending classic charm with modern sophistication and upgrades, ensuring contemporary comfort and appeal.
Private Outdoor Spaces & Parking: The residential unit features two private decks perfect for enjoying the Santa Barbara weather, complemented by a valuable two-car garage in a downtown setting.

Cons

High Price Point: The listing price of $5,995,000 is substantial, placing the property in a very exclusive market segment and potentially limiting the pool of prospective buyers.
Limited Lot Size: With a lot size of 3,049 square feet, the property offers limited exterior space beyond the private decks, which might be a consideration for buyers seeking larger outdoor areas.
Operational Complexity: Managing a residential unit alongside four short-term rental units requires significant ongoing effort, coordination, and active oversight, which may not suit all investors or owner-occupants.
Browse Properties by State Browse housing market trends by state