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    428 Corona Del Mar Santa Barbara, CA 93103

    For Sale
    $3,399,000

    Two-unit property with rental income potential, restored in 2019.

    Building Details

    Year built
    1911

    Source: Berkshire Hathaway HomeServices California Properties

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

    Overview

    Restored Duplex Near Montecito Post

    The Sea Captain's House is a duplex located between the Funk Zone and the Montecito Post. The property includes 5 bedrooms and 2.5 baths across two units, totaling approximately 3,100 square feet. Restored in 2019, the 1911 home combines original craftsmanship with modern coastal living. The main residence features 3 bedrooms and 1.5 baths, with picture windows and wood-beamed ceilings. The upstairs unit has 2 bedrooms and 1 bath, including its own kitchen and living area. The property offers potential as a short term rental property. Average annual rental income ranges from $100,000 to $150,000 after expenses.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    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
    -119.67198
    Latitude
    34.418133

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with rental income potential, restored in 2019.
    Where is this duplex located?
    The property is located at 428 Corona Del Mar Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $3,399,000.
    What are key features of this property?
    This property features: - High rental income potential: Expect $100,000 - $150,000 annually after expenses.; - Two separate units: A 3 bed/1.5 bath main residence and a 2 bed/1 bath unit with its own kitchen and living area.; - Restored in 2019, blending original 1911 craftsmanship with modern updates.
    (805) 570-0403
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    428 Corona Del Mar Santa Barbara, CA 93103
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    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
    428 Corona Del Mar Santa Barbara, CA 93103
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