319 W Arrellaga Street, SANTA BARBARA, CA 93101 (MLS# 26-2954)

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319 W Arrellaga Street, SANTA BARBARA, CA 93101

New Listing

$1,930,000

Property Type: Res Inc Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $1,930,000 List Date: 9/09/2026 Last Modified: 9/09/2026

Overview

Description

Two meticulously remodeled cottages in a prime downtown Santa Barbara location! Offering the perfect blend of historic charm and modern elegance. The front home is 3 bedrooms, 1.5 bath, while the back home is a 2 bedroom & 1 bath. The back unit is located above the 2-car garage. Each home has it's own outdoor living space and a washer/dryer. There are approved plans and permits in process for a 3rd unit (garage conversion) for a 2 bed, 1 bath with a private yard. This unique property provides turn-key income in addition to value-added potential, Appealing to both investors and homeowners seeking an income-generating retreat or family compound.

Listing Details MLS# 26-2954

Location Info

District: 20 - SB/WEST OF STATE
Street #: 319
Dir: W
Street Name: Arrellaga
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
County: Santa Barbara
Parcel Number: 027-212-004
Cross Street: Bath St

Contract Info

Price: 1930000
Seller Consider Concessions: Yes
Begin Date: 2026-09-02

Property Information

Number of Units: 2
Year Built: 1925
Apx # Acres: 0.1
Apx Lot SqFt: 4356
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3
Deposit Type: %

More Information

Unit 1

# Units: Yes
# Bedrooms: 3
# Baths: 1.5
# Half Baths: Yes
Rent: 5600
Monthly Total: 5600
Lease: Yes

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Rent: 4000

Neighborhood/Schools

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

Condition

Excellent: Yes

Foundation

Raised: Yes

Proximity

Near Coffee Shop: Yes
Near Downtown: Yes
Near Hospital: Yes
Near Shopping: Yes

Laundry

Bldg: Yes

Zoning

R-MH: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Garage: Yes
Detached: Yes

Property Features

Unit 1: Lease Condition: Excellent Foundation: Raised Parking Info: Garage; Detached Proximity: Near Coffee Shop; Near Downtown; Near Hospital; Near Shopping Laundry: Bldg Zoning: R-MH Terms: Cash; Conventional Listing Type: ER

Listing Office: Sun Coast Real Estate

Last Updated: September - 09 - 2026

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