7380 Elmhurst Place 2, SANTA BARBARA, CA 93117, SANTA BARBARA, 93117 - bed, bath
ACTIVE$1,799,000$2,211/sqft
7380 Elmhurst Place 2, SANTA BARBARA, CA 93117
0Bed
0Bath
2,211Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: This duplex offers significant versatility, ideal for an owner-occupant seeking rental income to subsidize payments or as a pure investment property.
Top Cons:
Property Age & Potential for Updates: Constructed in 1975, the property is nearly 50 years old, which may necessitate significant updates or renovations to meet contemporary aesthetic and functional standards.
Compared to the nearby listings
Price:$1.80M vs avg $2.05M ($-251,000)33%
Size:2,211 sqft vs avg sqft83%
Price/sqft:$814 vs avg $083%
More Insights
Built in 1975 (51 years old).
Condition: Built in 1975, this property has undergone significant cosmetic updates, making it move-in ready. The kitchen features modern stainless steel appliances, clean painted cabinets, and updated flooring. Bathrooms are functional with updated vanities and fixtures, though some older elements like the floor tile are present. Newer laminate flooring and fresh paint throughout the living areas and bedrooms contribute to a well-maintained and updated feel, requiring no immediate renovations.
Year Built
1975
Close
-
List price
$1.8M
Original List price
-
Price/Sqft
$814
HOA
$0
Days on market
-
Sold On
-
MLS number
26-153
Home ConditionGood
Features
Patio
View-
About this home
Spectacular opportunity to own a rarely available duplex in University Village. Tucked away on a short, quiet cul-de-sac, this property offers an ideal combination of privacy, location, and versatility—close to everything Goleta has to offer. Built by Michael Towbes, the property features two well-designed units. The townhouse-style unit offers 1,238 sq ft with 2 bedrooms and 1.5 baths, while the second unit is a single-level 2-bedroom, 1-bath home with 953 sq ft. Both units enjoy private, fenced outdoor spaces, perfect for relaxing or entertaining. This duplex is ideal for an owner-occupant, with rental income helping to subsidize monthly payments. Additional highlights include a spacious two-car garage. These highly desirable units rarely come for sale and typically sell fast.
L
Lenny Gerthoffer
Listing Agent
Price History
Date
Event
Price
09/26/23
Sold
$1,615,000
Condition Rating
Good
Built in 1975, this property has undergone significant cosmetic updates, making it move-in ready. The kitchen features modern stainless steel appliances, clean painted cabinets, and updated flooring. Bathrooms are functional with updated vanities and fixtures, though some older elements like the floor tile are present. Newer laminate flooring and fresh paint throughout the living areas and bedrooms contribute to a well-maintained and updated feel, requiring no immediate renovations.
Pros & Cons
Pros
Income-Generating Duplex: This duplex offers significant versatility, ideal for an owner-occupant seeking rental income to subsidize payments or as a pure investment property.
Highly Desirable Location: Situated in the sought-after University Village of Santa Barbara, on a quiet cul-de-sac, providing privacy and convenient access to all Goleta amenities.
Rare Market Opportunity: Described as a 'rarely available' and 'highly desirable' property type that 'typically sells fast,' indicating strong market demand and limited supply.
Private Outdoor Living: Both units benefit from private, fenced outdoor spaces, enhancing lifestyle and offering dedicated areas for relaxation or entertaining.
Quality Construction & Features: Built by reputable local developer Michael Towbes, suggesting quality construction, and includes a spacious two-car garage for ample parking and storage.
Cons
Property Age & Potential for Updates: Constructed in 1975, the property is nearly 50 years old, which may necessitate significant updates or renovations to meet contemporary aesthetic and functional standards.
Significant Recent Price Appreciation: The property was sold in September 2023 for $1.615M and is now listed at $1.799M, representing a substantial price increase in a short period that may require strong justification to potential buyers.
Absence of Explicit Modern Upgrades: The description does not highlight any recent renovations or modern amenities, which could imply dated interiors or systems that might require immediate investment from a new owner.