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    513 E Pedregosa St Santa Barbara, CA 93103

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    For Sale
    $2,950,000

    Four-unit property with ocean views in Santa Barbara.

    Lot size:
    0.17 Acres

    Property Features for 513 E Pedregosa St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1910

    Source: Berkshire Hathaway HomeServices California Properties

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Multifamily with Ocean Views

    This four-unit property, totaling over 3,700 square feet, offers panoramic ocean and Mesa hill views. Located below the El Encanto Hotel in Santa Barbara's Upper East/Lower Riviera, the property combines timeless character with modern updates. The interiors have been refreshed with new paint, lighting, and stylish flooring. Delivered fully vacant, the property allows for immediate market rents or an owner-user opportunity. The spacious 1500 square foot unit features 2 bedrooms and 1.5 bathrooms, a kitchen with cathedral ceilings and a skylight, a living room, and an oversized primary bedroom with ocean views. Outdoor spaces include a deck and a large, private, flat rear yard.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.7075858
    Latitude
    34.4359055

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with ocean views in Santa Barbara.
    Where is this quadplex located?
    The property is located at 513 E Pedregosa St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Panoramic ocean and Mesa hill views.; - Prime location in Santa Barbara's Upper East/Lower Riviera, below El Encanto Hotel.; - Delivered fully vacant, offering immediate market rents or owner-user opportunity.
    (805) 570-4965
    Request Owner's contact information
    513 E Pedregosa St Santa Barbara, CA 93103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 E Pedregosa St Santa Barbara, CA 93103
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