1415-1417 Park Place, Santa Barbara, CA 93103
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1415-1417 Park Place,Santa Barbara, CA 93103
$2,650,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ken switzer
Office: berkshire hathaway homeservices california properties
MLS#:26-3402
Source:SBAOR
Price summary
- Price:$2,650,000
About this home
1415+1417 Park Place is a competitively-priced and well cared-for 6-unit 2-building multi-family investment, located at the edge of Santa Barbara as it transitions to Montecito via Old Coast Highway. The configuration of the 2 buildings is especially well-suited for an owner-occupant in the recently-vacated 2-unit Victorian home with 12-foot ceilings, with mortgage/expenses paid from ~$10K monthly rent from the 1980-built 4 x 1-BR building separated across the driveway. Or re-rent the 2 vacant units in the home to revive the total income to the recent ~$17,200/month (~$206K annual). The sellers have made approx. $350K of upgrades in the last 3 years, incl. mostly all new roofs. See unbranded Offering Memorandum in Documents for more details. Don't miss this value opportunity!
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Home facts
- Year built:1980
- Listing ID #:26-3402
- Added:1 day(s) ago
- Updated:October 08, 2026 at 06:53 PM
Heating and cooling
- Heating:Forced Air, Heating
Structure and exterior
- Year built:1980
- Lot area:0.24 Acres
- Lot Features:Near Public Transit
- Foundation Description:Raised, Slab
Schools
- High school:S.B. Sr.
- Middle school:S.B. Jr.
- Elementary school:Cleveland
Finances and disclosures
- Price:$2,650,000
Features and amenities
- Laundry features:Laundry Room
Parking
- Carport spaces:2
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