930 Philinda Avenue, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
930 Philinda Avenue
SANTA BARBARA, CA 93103
Property Price
SUMMARY
Analysis of 930 Philinda Avenue, SANTA BARBARA, CA 93103 is currently available with a list price of $3,700,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property features a high-end, comprehensive renovation as evidenced by the modern kitchen equipped with two-tone cabinetry, quartz countertops, gold-tone hardware, and new stainless steel appliances. The interior is finished with contemporary wide-plank flooring, updated light fixtures, and a modernized fireplace. While the structure dates to 1977, the interior components and finishes appear virtually new and meet current luxury market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High-Demand Unit Mix
All four units feature a spacious 3-bedroom, 2-bathroom layout, which is exceptionally rare for a fourplex and highly attractive to families or high-income groups.
- Immediate Value-Add Potential
With three units currently vacant, an investor can immediately renovate and reposition the property to achieve peak market-rate rents without the friction of existing long-term tenancies.
- Prime Santa Barbara Location
Ideally situated near the Santa Barbara Bowl and downtown, the property benefits from a high-demand rental market and proximity to major local attractions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5428, other record living area = 5256.
- Significant Capital Outlay
Built in 1977, the property likely requires substantial modernization and deferred maintenance addressing to justify the high-end market rents mentioned.
- High Entry Price Point
At a $3.7 million asking price, the initial investment is significant, requiring a robust pro-forma and aggressive management to achieve a competitive capitalization rate.
About 930 Philinda Avenue
Incredible multifamily opportunity in the heart of Santa Barbara. This substantial fourplex features a desirable mix of single-level and townhouse-style residences, each offering 3 bedrooms, 2 bathrooms, a fireplace, and dedicated carport parking. Ideally situated just blocks from the Santa Barbara Bowl and moments from downtown, the property benefits from strong tenant demand and broad renter appeal. Units A, B, and C are now vacant, creating a rare opportunity to reposition for prime market-rate rents or pursue an owner-user setup, while Unit D provides immediate in-place income. An onsite laundry facility adds convenience and enhances operational efficiency. With meaningful upside potential in a supply-constrained market, this offering stands out as a compelling investment property.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1977
- Lot Size
- 15,246 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,428 | 1,992.5 | 88% |
| Lot Size | 15,246 | 5,227 | 88% |
| Price | $3.70M | $3.06M | 88% |
| Price per sq ft | $682 | $977 | 38% |
| Built year | 1977 | 1918 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 225 | 142 | 0% |
Pricing History
Listed for Sale
Jul 25, 2025
$3,700,000
Initial Listing
Sold
Mar 31, 2005
$1,725,000
Public Record