916 W Micheltorena Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 4 bed, 3 bath
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SANTA BARBARA, CA 93101
This Legal Dual-Unit Residential Asset in Santa Barbara’s Upper West Side is listed at $1,895,000, reflecting a stable valuation aligned with its $1,869,947 Fair Market Value. Maintaining a Condition Rating of 4, the property offers two attached units equipped with Separate Utility Meters and private garages, significantly enhancing rental efficiency and tenant privacy. Situated near Harding University Partnership and San Marcos Senior High, the location ensures consistent demand and long-term desirability. This versatile property is a strategic acquisition for Owner-Occupants looking to offset mortgage costs or Buy-and-Hold Investors seeking a low-vacancy income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 916 W Micheltorena Street Subject | $1,895,000* List Price | 4 | 3 | 1,910 | $979 | - |
A 21 E Arrellaga Street Sold | $1,954,000 | 5 | 3 | 2,320 | $842 | 1.0 mi |
B 1330 W Valerio Street Sold | $1,639,000 | 2 | 2 | 1,465 | $1,119 | 0.5 mi |
C 136 W Figueroa Street Sold | $1,400,000 | 3 | 3 | 1,342 | $1,043 | 0.8 mi |
D 807 W Mission Street Sold | $1,950,000 | 4 | 3 | 2,107 | $925 | 0.5 mi |
E 1275 Calle Cerrito Pending | $1,675,000 List Price | 3 | 2 | 1,674 | $1,001 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this duplex is well-maintained but shows clear signs of age in its major interior components. While the living areas have been updated with modern wood-look flooring and recessed lighting, the kitchens and bathrooms are dated. The kitchens feature older painted cabinetry, laminate countertops, and a mix of non-matching white and black appliances. The bathrooms utilize tile work and vanities that appear to be 20+ years old. Additionally, the use of wall heaters instead of a central HVAC system and the general vintage of the infrastructure align with the 'fair' condition criteria.
The property features two legal attached units, providing an excellent opportunity for an owner-occupant to live in one and rent the other, or for an investor to maximize rental yield in a high-demand area.
Both units are equipped with separate utility meters, individual laundry hookups, and their own attached garages, which significantly reduces owner overhead and enhances tenant privacy.
Situated in the desirable Upper West Side of Santa Barbara, the property is well-maintained and located within walking distance to local schools, offering strong long-term value and desirability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Built in 1950, the property may require updates to its core systems or cosmetic finishes to align with modern luxury standards expected at this price point.
As an attached duplex, the property lacks the total privacy of a detached single-family home, which may limit its appeal to buyers seeking a more secluded residential experience.
Upper West Side Location. Live in One Rent the Other! Legal (2) Units Attached. Well Maintained. Front is 2 bedroom 2 bath. Large living area with vaulted ceiling, potential office space. 2 car attached garage with laudnry hookup. Back Unit is 2 bedroom 1 bath. 1 car attached garage. Laundry hookup. Utilities all separate, very valuable. Front Unit Rented 3,950/mo. Back Unit Rented for 3,100/mo.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 86% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 1,910 | 1,301 | 78% |
| Lot Size | 6,534 | 4,791 | 75% |
| Price | $1.90M | $1.50M | 69% |
| Price per sq ft | $992 | $1.1K | 39% |
| Built year | 1950 | 1930 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 217 | 2% |
Mar 28, 2026
$1,895,000
Initial Listing
Jul 16, 2009
$605,000
Public Record