308 W De La Guerra Street, SANTA BARBARA, CA 93101 (MLS# 26-1616)

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308 W De La Guerra Street, SANTA BARBARA, CA 93101

$1,995,000

Property Type: Res Inc Square Footage: 2,012 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $1,995,000 List Date: 5/15/2026 Last Modified: 5/27/2026

Overview

Description

Tucked along a quiet street just moments from downtown Santa Barbara, this charming four-unit property blends classic character with strong income fundamentals. The approximately 2,012 SF building consists of four spacious one-bedroom, one-bath residences, each just over 500 SF. All units are currently leased offering immediate cash flow in a highly sought-after rental location. Recent upgrades enhance the property's appeal, including recently refreshed upper units and a previously refreshed lower unit, while the fourth unit provides an opportunity for future improvement and added value. Residents benefit from a welcoming communal pergola area, on-site laundry, outdoor storage lockers for each unit, basement storage for bikes and beach gear, and thoughtfully maintained landscaping.

Supplements: With its unbeatable location near Paso Nuevo, dining, shopping, and entertainment are moments away from your door. This property presents a compelling opportunity for investors seeking both stability and upside.

Listing Details MLS# 26-1616

Location Info

District: 20 - SB/WEST OF STATE
Street #: 308
Dir: W
Street Name: De La Guerra
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
County: Santa Barbara
Parcel Number: 037-032-016
Cross Street: Bath

Contract Info

Price: 1995000
Seller Consider Concessions: Yes
Begin Date: 2026-05-15

Property Information

Number of Units: 4
Year Built: 1940
Main House SqFt: 2012
Apx # Acres: 0.05
Apx Lot SqFt: 2178
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: 4
# Bedrooms: Yes
# Baths: Yes
Rent: 1950
Monthly Total: 9700
# Half Baths: 0
Lease: Yes

Unit 2

# Bedrooms: Yes
# Baths: Yes
Rent: 2100
Lease: Yes

Unit 3

# Bedrooms: Yes
# Baths: Yes
Rent: 2900

Unit 4

# Bedrooms: Yes
# Baths: Yes
Rent: 2850
Lease: Yes

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Monroe
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Good: Yes

Foundation

Raised: Yes

Proximity

Near Bus: Yes
Near Shopping: Yes

Laundry

Other: Yes

Amenities

Gas Stove: Yes
Disposal: Yes
Washer: Yes
Dryer: Yes
Refrigerator: Yes
Fncd Back: Yes

Income/Expenses

Total Monthly Income: 9700
Capitalization Rate: 4.4
Water Expense: 375

Heating

Wall: Yes

Zoning

R-4: Yes
R-MH: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

On Street: Yes

Flr/Wdw Coverings

Vinyl Plank: Yes

Pub Listing Details

None: Yes

Owner Provides

Water: Yes

Property Features

Unit 1: Lease Unit 2: Lease Unit 4: Lease Condition: Good Foundation: Raised Parking Info: On Street Proximity: Near Bus; Near Shopping Laundry: Other Amenities: Gas Stove; Disposal; Washer; Dryer; Refrigerator; Fncd Back Heating: Wall Owner Provides: Water Zoning: R-4; R-MH Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None

Documents

Configuration, rents & property features ›

Property Improvements ›

Listing Office: Village Properties

Last Updated: May - 27 - 2026

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