715-719 De La Vina Street, Santa Barbara, CA 93101, Santa Barbara, 93101 - 0 bed, 0 bath
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715-719 De La Vina Street
Santa Barbara, CA 93101
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
6,408Sq Ft
25,881Lot Size
Property Price
LIST PRICE$4,995,000
SUMMARY
Analysis of 715-719 De La Vina Street, Santa Barbara, CA 93101 is currently available with a list price of $4,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Originally built in 1890 with no mentioned renovations to kitchens, baths, or systems. The listing explicitly focuses on 'redevelopment potential,' 'adaptive reuse,' and 'infill development,' indicating the structures are at the end of their functional life and the value is primarily in the 25,881 SF lot.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Redevelopment Potential
The expansive 25,881 SF double-parcel lot offers rare long-term value-add opportunities, including infill development, ADU expansion, or high-density residential redevelopment in a prime location.
- Prime Downtown Location
Centrally located in the heart of Santa Barbara, this residential compound provides exceptional walkability and high demand for rentals, ensuring strong long-term appreciation and occupancy.
- Diverse Income Stream
The property features a versatile mix of seven units, including single-family residences and studios over garages, providing immediate cash flow and a diversified rental portfolio.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =25881, other record lot size in square feet = 15681.
- Historic Maintenance Requirements
With structures dating back to 1890, the property likely requires significant capital expenditure for modernizing systems and maintaining the integrity of aging building envelopes.
- Development Complexity
Future redevelopment or adaptive reuse projects may face stringent local zoning regulations and historic preservation oversight typical of Santa Barbara's downtown district.
About 715-719 De La Vina Street
Located along the highly desirable Lower De La Vina corridor, 715-719 De La Vina Street represents a rare opportunity to acquire a centrally located residential compound with significant long-term redevelopment and value-add potential. The offering consists of two adjacent parcels totaling approximately 25,881 SF (0.59 acres) improved with seven (7) units. Future redevelopment scenarios may involve a combination of preservation, adaptive reuse, infill development, ADU expansion, or higher-density multifamily redevelopment utilizing the City's AUD program and State Density Plus. The combination of substantial land area, existing residential income, favorable zoning, and central Santa Barbara location creates a unique opportunity for investors, developers, and long-term landholders.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1890
- Lot Size
- 25,881 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Barbara Unified Schools
Roosevelt Elementary School
Grades K-6 • 1.4 mi
5/10
Santa Barbara Junior High School
Grades 7-8 • 1.0 mi
4/10
La Cumbre Junior High School
Grades 7-8 • 1.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 6,408 | 1,614 |
| Lot Size | 25,881 | 8,365.125 |
| Price | $5.00M | $1.78M |
| Price per sq ft | $779 | $1.1K |
| Built year | 1890 | 1936 |
| HOA | $0 | $0 |
| Days on market | 8 | 43 |
Pricing History
Listed for Sale
Sep 1, 2026
$4,995,000
Initial Listing