930 Philinda Avenue, SANTA BARBARA, CA 93103 (MLS# 25-2843)

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930 Philinda Avenue, SANTA BARBARA, CA 93103

$3,495,000

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07-930 Philinda Ave All Units Floor Plan

Property Type: Res Inc Square Footage: 5,428 Lot Size (sq. ft.): 15,246 Status: Pending

Current Price: $3,495,000 List Date: 12/02/2025 Last Modified: 4/27/2026

Overview

Description

Incredible multifamily opportunity in the heart of Santa Barbara. This substantial fourplex features a desirable mix of single-level and townhouse-style residences, each offering 3 bedrooms, 2 bathrooms, a fireplace, and dedicated carport parking. Ideally situated just blocks from the Santa Barbara Bowl and moments from downtown, the property benefits from strong tenant demand and broad renter appeal. Units A, B, and C are now vacant, creating a rare opportunity to reposition for prime market-rate rents or pursue an owner-user setup, while Unit D provides immediate in-place income. An onsite laundry facility adds convenience and enhances operational efficiency. With meaningful upside potential in a supply-constrained market, this offering stands out as a compelling investment property.

Listing Details MLS# 25-2843

Location Info

District: 15 - SB/EAST OF STATE
Street #: 930
Street Name: Philinda
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: P11
County: Santa Barbara
Parcel Number: 029-313-001
Cross Street: E Carrillo Street

Contract Info

Price: 3495000
Begin Date: 2025-07-25

Status Information

Under Contract Date: 2026-04-23

Property Information

Number of Units: 4
Stories: 2
Year Built: 1977
Main House SqFt: 5428
Apx # Acres: 0.35
Apx Lot SqFt: 15246
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 or 20 - Downtown

Remarks

Hot Sheet Comment: price

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 8

Unit 1

# Units: Yes
# Bedrooms: 3
# Baths: 2
Furnished: N
Rent: 4725
Monthly Total: 4725
# Half Baths: 0
M/M: Yes

Unit 2

# Units: Yes
# Bedrooms: 3
# Baths: 2
Rent: 0
Monthly Total: 0

Unit 3

# Units: Yes
# Bedrooms: 3
# Baths: 2
M/M: Yes

Unit 4

# Units: Yes
# Bedrooms: 3
# Baths: 2
M/M: Yes

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Carport Spaces: 4
Total # Unconvered Spaces: 4

Neighborhood/Schools

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

Condition

Good: Yes

Proximity

Near Bus: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Capitalization Rate: 5
Estimated: Yes

Zoning

C-2: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Unit 1: M/M Unit 3: M/M Unit 4: M/M Condition: Good Proximity: Near Bus; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: C-2 Terms: Cash; Conventional Listing Type: ER

Documents

Preliminary Title Report ›

NHD Report ›

City of Santa Barbara Street Files ›

Pest Inspection Report ›

Dwelling Sample Insurance Quote ›

Listing Office: Goodwin & Thyne Properties

Last Updated: April - 27 - 2026

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