
Santa Barbara, CA 93111
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,225,975 Fair Market Value by 2%. This valuation gap offers $25,975 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a full interior rehab, providing a blank canvas for value-add renovations. Located in the Hollister School District with a Mountain View and Patio, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 707 La Roda Subject | $1,200,000* List Price | 3 | 2 | 1,646 | $745 | - |
A 740 Walnut Lane Sold | $1,490,000 | 5 | 3 | 2,046 | $728 | 0.2 mi |
B 730 Gwyne Avenue Pending | $1,150,000 List Price | 3 | 2 | 1,322 | $870 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966 with no evidence of major renovations; the kitchen features original-style dark wood cabinetry, tile counters, and dated flooring exceeding 30-50 years in age. The listing explicitly describes the property as an opportunity to 'update' and 'personalize,' indicating a need for a full interior rehab.
Ideally situated near the scenic More Mesa trails and Obern Bike Path, offering residents unparalleled access to Santa Barbara's premier outdoor lifestyle and coastal recreation.
The property serves as an excellent opportunity for investors or homeowners to build equity by modernizing and personalizing a spacious floor plan in a high-demand market.
Located within the desirable Hollister School District, this home offers significant long-term appeal and stability for families prioritizing quality education.
The home is in need of a 'fresh vision' and comprehensive updates, which will require immediate additional capital investment for renovations and repairs.
The presence of current tenants and the 'do not disturb' instruction may complicate the viewing process and delay immediate possession for owner-occupant buyers.
Just moments from the scenic trails of More Mesa and the popular Obern Bike Path connecting Santa Barbara and Goleta, this spacious 3-bedroom, 2-bathroom home offers an exciting opportunity to create something truly your own. Ready for fresh vision, this home provides a great opportunity for buyers looking to update, personalize, and add value. Located within the sought-after Hollister School District, and convenient location near outdoor recreation, schools, shopping, dining, and all that the Santa Barbara and Goleta areas have to offer, this property is ready for its next chapter. Please do not disturb current tenant/occupants
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 2.0 | 3.3 |
| Square foot | 1,646 | 2,905.353 |
| Lot Size | 6,534 | 21,805.412 |
| Price | $1.20M | $4.86M |
| Price per sq ft | $729 | $1.7K |
| Built year | 1966 | 1958 |
| HOA | $0 | $3.2K |
| Days on market | 6 | 84 |
Sep 3, 2026
$1,200,000
Initial Listing