331 N Alisos Street, SANTA BARBARA, CA 93103 (MLS# 26-276)

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331 N Alisos Street, SANTA BARBARA, CA 93103

$1,750,000

Property Type: Res Inc Lot Size (sq. ft.): 16,988 Status: Closed

Current Price: $1,750,000 List Date: 1/27/2026 Last Modified: 5/23/2026

Overview

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.

Listing Details MLS# 26-276

Location Info

District: 15 - SB/EAST OF STATE
Street #: 331
Dir: N
Street Name: Alisos
Street Suffix: Street
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 031-371-005
Cross Street: E Gutierrez St
Walk Score: 93
Bike Score: 77

Contract Info

Price: 2000000
Financing: Cash
Seller Consider Concessions: No
Begin Date: 2026-01-26

Status Information

Sold Date: 2026-05-22
Under Contract Date: 2026-03-06

Property Information

Number of Units: 3
Stories: 2
Year Built: 1930
Apx # Acres: 0.39
Apx Lot SqFt: 16988
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 4

Unit 1

# Units: 4
# Bedrooms: 4
# Baths: 8
Furnished: N
Rent: 10190
Monthly Total: 2750
# Half Baths: 0

Unit 2

# Bedrooms: Yes
Monthly Total: 1800

Unit 3

# Bedrooms: 3
Monthly Total: 2860

Unit 4

# Bedrooms: 3
Monthly Total: 2780

Neighborhood/Schools

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

Condition

Fair: Yes

Foundation

Mixed: Yes
Other: Yes

Zoning

R-2: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

Garage: Yes

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: May - 23 - 2026

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