$2,650,000
Residential Income In Santa Barbara
- 10,454.0 Ac lot
- Updated: Yesterday
- Source: Santa Barbara Multiple Listing Service MLS#26-3402
About the Property
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
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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Property type
Other
-
Year built
1980
Features
- Investment Property
- Water View
- Balcony
- Bar
- Laundry Room
- Terrace
- High Ceiling
- Stone Countertops
- Mountain View
Features
Lot
- Mountain View
- Water View
- Investment Property
Indoor
- High Ceiling
- Fireplace
- Bar
- Laundry Room
- Stone Countertops
Outdoor
- Terrace
- Balcony
Explore the Area
1415-1417 Park Place, Santa Barbara, California, United States
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Berkshire Hathaway HomeServices California Properties - Santa Barbara
California, United States
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47
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2025
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Berkshire Hathaway HomeServices California Properties - Santa Barbara
Santa Barbara, California, United States
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Last updated
Yesterday
First listed
October 8
Listing reference
26-3402
Listing status
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Santa Barbara Association of REALTORS®. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Berkshire Hathaway HomeServices California Properties shall be responsible for any typographical errors, misinformation, or misprints. Information deemed reliable but not guaranteed. Copyright © 2026 Santa Barbara Multiple Listing Service. All Rights Reserved.
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