718 Cook Avenue, Santa Barbara, CA 93101, Santa Barbara, 93101 - 3 bed, 1 bath
Loading property details...
Santa Barbara, CA 93101
This Redevelopment Asset presents a High-Potential Investment Opportunity in Santa Barbara’s high-demand Westside. With a List Price of $945,000, the valuation remains stable relative to the $913,689 Fair Market Value, reflecting the premium for coastal land. The property carries a Condition Rating of 5, requiring a full-scale renovation to modernize the 1935 structure. Featuring a deck and patio on a 3,920 sqft lot, the site offers significant value-add potential near State Street and San Marcos Senior High School. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 718 Cook Avenue Subject | $945,000* List Price | 3 | 1 | 989 | $924 | - |
A 712 Castillo Street Sold | $1,030,000 | 1 | 1 | 1,018 | $1,012 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1935 and marketed as an 'as-is' opportunity for builders and investors, this property requires a full rehab. While it has some cosmetic flooring updates, the kitchen cabinetry and countertops are severely dated (30+ years), the heating is limited to an old wall unit, and the listing explicitly focuses on land value and redevelopment potential.
Situated in a desirable Westside neighborhood, the property offers exceptional proximity to downtown State Street's dining and shopping, as well as Santa Barbara's iconic beaches and waterfront.
As a 1935 original structure, this property serves as a blank canvas for investors or builders to restore or completely redevelop in one of Southern California's most sought-after and high-demand markets.
The property is ideally located for families or rental appeal, situated just 0.25 miles from Harding University Partnership school and within a short distance of junior high and high schools.
Sold in 'as-is' condition, the nearly century-old structure likely requires substantial capital investment for structural repairs, system updates, or a full modernization to meet current building standards.
At only 989 square feet with a 3-bedroom, 1-bathroom configuration, the current layout is undersized for modern family expectations and may necessitate a costly expansion to maximize value.
Opportunity knocks in the heart of Santa Barbara! Built in 1935, this property is being sold as-is and presents an exceptional opportunity for investors, builders, or buyers with vision to restore, reimagine, or redevelop.Set in a desirable Westside neighborhood, the value here is truly in the potential and the unbeatable location. Just minutes from vibrant downtown, you'll enjoy easy access to State Street's renowned dining, shopping, nightlife, and cultural attractions. The nearby waterfront and beaches, including East Beach, offer the quintessential Santa Barbara lifestyle with sun, sand, and ocean breezes just a short drive or bike ride away.This central location also provides convenient access to parks, schools, and major thoroughfares, making it ideal for both full-time living or investment purposes. Whether you're looking to renovate and create your dream home or capitalize on a prime coastal market, this is a rare chance to secure a property in one of Southern California's most sought-after communities.Bring your contractor and your imagination, opportunities like this don't come around often in Santa Barbara!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.3 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 989 | 1,213 | 31% |
| Lot Size | 3,920 | 4,791 | 39% |
| Price | $945.0K | $1.40M | 16% |
| Price per sq ft | $956 | $1.1K | 37% |
| Built year | 1935 | 1930 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 197 | 2% |
Mar 3, 2026
$945,000
Initial Listing