610 W Valerio St & 1702 Sunset Ave, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
Loading property details...
SANTA BARBARA, CA 93101
Analysis of 610 W Valerio St & 1702 Sunset Ave, SANTA BARBARA, CA 93101 is currently available with a list price of $1,795,000. 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.
While originally built in 1930, the property has undergone significant recent renovations that bring it into the 'Good' category. Key updates include a new roof, newer sewer line, and new water heaters. The interiors feature recent improvements such as new kitchen cabinets, countertops, and updated bathroom fixtures, making the units functional and move-in ready for tenants or owners.
With a projected monthly income of $10,900 and a 5.3% Cap Rate, this multi-unit property offers exceptional cash flow potential and versatility for investors or owner-occupants in the Santa Barbara market.
Significant updates including a newer sewer line, roof, and interior renovations like new kitchen cabinets and flooring minimize immediate deferred maintenance costs for the new owner.
The units are separately metered and feature individual laundry areas, which simplifies property management and significantly reduces owner-paid utility expenses.
The reliance on a shared driveway for two houses and a studio may present logistical challenges and limited off-street parking options for a high-occupancy property.
Accommodating three distinct living spaces on a sub-5,000 square foot lot results in high density, which may limit private outdoor space and noise buffers between the units.
New price! A unique opportunity to own 2 homes plus studio in a prime Santa Barbara location, offering exceptional versatility for investors, multigenerational living or those seeking to offset ownership costs with rental income. Fully rented, total income could be $10,900/ month at a 5.3 Cap Rate. 610 W Valerio is a charming 2- bedroom/ 1- bathroom home with original hardwood floors and a private patio. 1702 Sunset is set up as a spacious 4- bedroom/ 2- bathroom house with a rooftop patio and mountain views, and a bright studio with a private patio. The houses are separately metered, have their own laundry areas and a shared driveway for off- street parking. Recent updates include a newer sewer line, new water heater, roof, fresh paint and new carpet in 610 Valerio and a new water heater, new kitchen cabinets & countertops in 1702 Sunset. This is an ideal investment property with the opportunity to live in one unit and generate rental income!
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 | - | 2,527 | 24% |
| Lot Size | 4,791.6 | 10,018.8 | 12% |
| Price | $1.79M | $2.75M | 18% |
| Price per sq ft | $0 | $583 | 24% |
| Built year | 1930 | 1951 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 232 | 18% |
Mar 25, 2026
$1,795,000
$1,895,000
-5% Price Drop
Initial Listing
Jan 20, 2026
$1,895,000
Initial Listing