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2347 Shelby Street, SUMMERLAND, CA 93067

$2,995,000
Property Type: Res Inc Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $2,995,000 List Date: 3/30/2026 Last Modified: 4/15/2026

Description

SPECTACULAR OCEAN VIEW PROPERTY! Four-unit complex in the heart of Summerland featuring unobstructed ocean and Channel Island views from every single unit. The crown jewel of this property is the sprawling upstairs 2-bedroom, 2-bathroom Penthouse, which boasts a massive 800+ sq. ft. private sun deck--the ultimate venue for sunset entertaining. Designed for the discerning owner-user or high-yield investor, the property also includes two additional 2-bedroom 1.5-bath units with private view decks and a chic 1-bedroom studio. This asset has been meticulously maintained with a decade of premium upgrades, including a durable new Hardie board exterior (2020), high-efficiency Navien hot water and boiler systems (2021), new roofing (2016), modernized interior remodel with designer kitchens,

Supplements: luxury flooring (2019-2020), installed a murphy bed, cabinetry and sofa in unit 3 (2022), rebuilt balconies and stairs (2025-2026), and new asphalt driveways (2026) Whether you're seeking a serene coastal retreat with significant rental income or a turnkey vacation rental portfolio, this rare Summerland gem offers an unrivaled blend of sophisticated lifestyle and structural integrity.

More Information MLS# 26-1008

Location Info

Country: US Compass Map: Santa Barbara Map Grid: V12 Cross Street: Valencia District: 05 - CARPINTERIA-SUMMERLAND Street #: 2347 Street Name: Shelby Street Suffix: Street State: CA Postal Code: 93067 County: Santa Barbara Parcel Number: 005-144-005

Property Information

Year Built: 1973 Stories: 3 Apx # Acres: 0.14 Units Furnished: None Recurring Fees: No Number of Units: 4

Neighborhood/Schools

Elementary School: Summerland Junior High School: Carp. Jr. High School: Carp. Sr.

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new

Condition

Excellent: 1

Foundation

Mixed: 1

Miscellaneous

Parking Spaces: 6

Proximity

Near Ocean: 1 Near School(s): 1 Near Shopping: 1

Laundry

Laundry Room: 1 Some: 1

Amenities

Deck: 1 Fireplace: 1

Unit 1

# Units: 1 # Bedrooms: 2 # Baths: 1 # Half Baths: 1 Rent: 2800 M/M: 1 Monthly Total: 2800

Income/Expenses

Total Monthly Income: 11267 Water Expense: 175 Electric Expense: 200 Gas Expense: 151 Trash Expense: 79 Total Monthly Exp: 605

Heating

Heat Other: 1

Unit 2

# Units: 1 # Bedrooms: 2 # Baths: 1 # Half Baths: 1 Rent: 3092 Lease: 1 Monthly Total: 3092

Zoning

Other: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Unit 3

# Units: 1 # Bedrooms: 1 # Baths: 1 Rent: 1700 M/M: 1 Monthly Total: 1700

Unit 4

# Units: 1 # Bedrooms: 2 # Baths: 2 Rent: 3675 M/M: 1 Monthly Total: 3675

Meters

Sep Meter Elec: Y

Parking Info

Carport: 1 Garage: 1 Attached: 1 Total # Carport Spaces: 4 Total # Garage Spaces: 2 Total # Unconvered Spaces: 4

Flr/Wdw Coverings

Carpet: 1 Wood/Laminate: 1 Tile: 1 Vinyl: 1

Pub Listing Details

None: 1

Owner Provides

Gas: 1 Water: 1

Exchange

Poss: 1

Contract Info

Current Price: $2,995,000 Price: 2995000 Begin Date: 2026-03-30 Status: Active

NeighborhoodSchools

Neighborhood: 05 - Summerland

Property Features

Unit 1: M/M Unit 2: Lease Unit 3: M/M Unit 4: M/M Condition: Excellent Foundation: Mixed Parking Info: Carport; Garage; Carport; Attached Proximity: Near Ocean; Near School(s); Near Shopping Laundry: Laundry Room; Some Amenities: Deck; Fireplace Heating: Heat Other Owner Provides: Gas; Water Zoning: Other Exchange: Poss Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None

Documents

Listing Office: Berkshire Hathaway HomeServices California Properties
IDX
Last Updated: April - 15 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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