
Santa Barbara, CA 93101
This duplex presents a High-Potential Investment Opportunity with a List Price of $1,650,000—positioned well below the $1,716,331 Fair Market Value by 3%. This valuation gap offers $66,331 in Instant Equity. Featuring a Condition Rating of 3, the property offers separate utility metering and three garage spaces, ensuring strong rental demand. While school ratings are moderate, the proximity to downtown and local beaches provides significant lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 916 W Micheltorena Street Subject | $1,650,000* List Price | 0 | 0 | 1,910 | $899 | - |
A 1715 De La Vina Street Active | $1,395,000 List Price | 0 | 0 | 1,424 | $980 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1950, the property shows evidence of a mid-range renovation (approx. 10-15 years ago) including granite countertops, recessed lighting, and updated tile and laminate flooring. The units appear well-maintained and move-in ready; however, the presence of older wall heaters and dated bathroom fixtures prevents an 'excellent' rating.
The duplex configuration with separate utility meters and private laundry hookups offers excellent flexibility for owner-occupants, multi-generational living, or traditional investors seeking dual income streams.
Featuring a total of three garage spaces (a two-car and a one-car garage), the property provides rare and ample off-street parking and storage, which is a significant value-add in the Santa Barbara market.
Ideally situated minutes from downtown Santa Barbara, local beaches, and Santa Barbara City College, the property ensures high rental demand and convenient access to major amenities and freeway transit.
Originally constructed in 1950, the property may require significant capital expenditures for modernization or system upgrades to meet contemporary energy efficiency and aesthetic standards.
The assigned elementary and middle schools carry mid-range ratings (5/10), which may limit the property's appeal to families specifically prioritizing top-tier public education districts.
Ideally located Duplex Opportunity in Santa Barbara! This well-positioned duplex offers an excellent opportunity for an owner-user, investor, or multi-generational living arrangement. The property features two separate 2-bedroom units, each with its own interior access and private washer and dryer hookups, with utilities separately metered for added convenience. The larger 2-bedroom, 2-bathroom unit offers a spacious living area with vaulted ceilings, creating an open and inviting feel, along with an attached two-car garage. The second 2-bedroom, 1-bathroom unit provides comfortable living space and includes its own one-car garage. Both units offer practical layouts, private garage parking, and the convenience of in-unit laundry hookups. Located in a convenient Santa Barbara neighborhood, the property is just minutes from downtown, local beaches, Santa Barbara City College, restaurants, grocery stores, and major freeway access. With its desirable location, flexible living options, separate metering, and ample garage parking, this duplex presents a unique opportunity in the Santa Barbara market.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 1.4 mi
Grades 7-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,910 | 1,614 |
| Lot Size | 6,534 | 8,365.125 |
| Price | $1.65M | $1.78M |
| Price per sq ft | $864 | $1.1K |
| Built year | 1950 | 1936 |
| HOA | $0 | $0 |
| Days on market | 29 | 43 |
Aug 11, 2026
$1,650,000
Initial Listing
Jul 16, 2009
$605,000
Public Record