331 N Alisos Street, SANTA BARBARA, CA 93103
$2,000,000
Property Type:
Res Inc
Lot Size (sq. ft.):
16,988
Status:
Pending
Current Price:
$2,000,000
List Date:
1/27/2026
Last Modified:
3/08/2026
Description
Exceptional multi-unit investment opportunity located in Santa Barbara's sought-after Eastside neighborhood. This Victorian-style four-plex consists of three separate structures, including a three-bedroom, two-bath single-family residence; a duplex featuring a three-bedroom, three-bath unit and a four-bedroom, two-bath unit; and a detached one-bedroom, one-bath unit.
The property offers multiple income streams with potential for value enhancement through renovations or reconfiguration, subject to buyer investigation and applicable approvals. Conveniently situated just minutes from downtown Santa Barbara, beaches, hiking trails, dining, and shopping, the location provides access to a wide range of amenities and coastal lifestyle offerings.
Supplements: This Eastside property presents an opportunity for investors seeking income potential and long-term ownership in a well-located Santa Barbara neighborhood.
More Information MLS# 26-276
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: P12
Cross Street: E Gutierrez St
Walk Score: 93
Bike Score: 77
District: 15 - SB/EAST OF STATE
Street #: 331
Dir: N
Street Name: Alisos
Street Suffix: Street
State: CA
Postal Code: 93103
County: Santa Barbara
Parcel Number: 031-371-005
Contract Info
Seller Consider Concessions: No
Current Price: $2,000,000
Price: 2000000
Begin Date: 2026-01-26
Status: Pending
Property Information
Year Built: 1930
Stories: 2
Apx Lot SqFt: 16988
Apx # Acres: 0.39
Recurring Fees: No
Number of Units: 3
Neighborhood/Schools
Elementary School: Franklin
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Fair: 1
Foundation
Mixed: 1
Other: 1
Miscellaneous
Parking Spaces: 4
Unit 1
# Units: 4
# Bedrooms: 4
# Baths: 8
# Half Baths: 0
Furnished: N
Rent: 10190
Monthly Total: 2750
Unit 2
# Bedrooms: 1
Monthly Total: 1800
Zoning
R-2: 1
Terms
Cash: 1
Listing Type
ER: 1
Unit 3
# Bedrooms: 3
Monthly Total: 2860
Unit 4
# Bedrooms: 3
Monthly Total: 2780
Parking Info
Garage: 1
Status Information
Under Contract Date: 2026-03-06
Property Features
Condition: Fair
Foundation: Mixed; Other
Parking Info: Garage
Zoning: R-2
Terms: Cash
Listing Type: ER
Listing Office:
Douglas Elliman of California, Inc.
Last Updated: March - 08 - 2026
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