714 W Sola Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 3 bed, 2 bath
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SANTA BARBARA, CA 93101
This Versatile Downtown Triplex serves as a strategic Hybrid Ownership Opportunity with a List Price of $1,900,000. Positioned relative to its $1,759,514 Fair Market Value, the asset provides a unique "house-hack" advantage in a high-demand coastal market. The property features a vacant 3-bedroom owner’s unit, two income-producing rentals, and a Fair Condition Rating on an expansive 8,712 sqft lot. Located minutes from downtown and San Marcos Senior High, this is an ideal acquisition for Owner-Occupants looking to build equity or Buy-and-Hold Investors seeking long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 714 W Sola Street Subject | $1,800,000* List Price | 3 | 2 | 1,605 | $1,059 | - |
A 2110 Monterey Street Sold | $1,315,000 | 3 | 2 | 1,371 | $959 | 0.7 mi |
B 1425 Robbins Street Sold | $1,300,000 | 3 | 2 | 1,021 | $1,273 | 0.3 mi |
C 916 W Micheltorena Street Active | $1,895,000 List Price | 4 | 3 | 1,910 | $992 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1937 triplex appears to be well-maintained through regular upkeep but lacks evidence of a full modern renovation. While the exterior is tidy and includes some updated systems like mini-split AC units, the overall aesthetic and lack of interior photos suggest the kitchens and bathrooms are likely dated. It meets the 'fair' criteria as an aged property that is functional but requires minor updates to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1605.
The triplex configuration offers an exceptional owner-user opportunity, allowing a buyer to reside in the vacant 3-bedroom unit while utilizing the other two units to generate significant rental income.
Situated in a vibrant Westside neighborhood, the property is minutes from Santa Barbara's premier dining, shopping, and beaches, ensuring high tenant demand and long-term desirability.
Built in 1937, the property may require more frequent maintenance or future capital expenditures to update aging systems compared to more modern multi-family builds.
With a total of 1,605 square feet divided among three separate units, the individual living spaces are relatively small, which may limit appeal for those seeking more expansive interior layouts.
Versatile Downtown Santa Barbara Triplex - Ideal Owner-User Opportunity. 2 Vacant Units = Immediate Market Rent Opportunity! The property features three separate units: 3-bedroom, 2-bath owner's unit, currently vacant and ready for immediate occupancy. 2-bedroom, 1-bath rental unit, currently occupied. 1-bedroom, 1-bath rental unit, currently vacant. All units are in reasonably good condition, offering solid rental potential and comfortable living spaces. 2-car garage plus on-site parking adds practical value for residents and tenants alike. This is an ideal setup for an owner-user seeking to live in the 3-bedroom residence while generating income from the additional units to offset the cost of ownership. Whether you're looking to build long-term equity, create a multi-generational living arrangement, or secure a strategic investment near downtown Santa Barbara, this property delivers flexibility and opportunity. A rare chance to combine lifestyle and income in a prime coastal setting.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.5 mi
Grades 7-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,605 | 1,301 | 73% |
| Lot Size | 8,712 | 4,791.6 | 86% |
| Price | $1.80M | $1.50M | 63% |
| Price per sq ft | $1.1K | $1.1K | 50% |
| Built year | 1937 | 1930 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 197 | 2% |
Apr 2, 2026
$1,800,000
$1,900,000
-5% Price Drop
Initial Listing
Feb 25, 2026
$1,900,000
Initial Listing