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    15 W Padre St Santa Barbara, CA 93105

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    For Sale
    $2,699,000

    Colonial duplex with income potential near State Street.

    Lot size:
    0.16 Acres

    Property Features for 15 W Padre St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1937

    Source: Berkshire Hathaway HomeServices California Properties

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

    Overview

    Colonial Duplex Near State Street

    This Colonial-style duplex, situated just off State Street, offers over 3,000 square feet of living space. The property presents several possibilities, including living in one unit and renting the other, multigenerational living, or renting both units for income. The lower unit features 3 bedrooms and 2 bathrooms, while the upper unit offers 2 bedrooms, 1 bathroom, and a sunroom. Both units include large living rooms, fireplaces, bay windows, formal dining rooms, breakfast nooks, and built-in features, showcasing period details. A 3-car garage provides additional potential, such as conversion into an ADU, or the entire property could be reimagined as a single-family home. The property's architectural charm and proximity to shops make it a unique investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -119.7157345
    Latitude
    34.4325571

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    FAQs

    What type of property is this?
    Duplex - Colonial duplex with income potential near State Street.
    Where is this duplex located?
    The property is located at 15 W Padre St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $2,699,000.
    What are key features of this property?
    This property features: - Prime location, just one property off State Street; - Duplex offering multiple income/living options: rent both units, live in one and rent the other, or multigenerational living; - Enjoy over 3,000 square feet of living space
    (805) 895-4866
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    Santa Barbara, CA 93105
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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
    15 W Padre St Santa Barbara, CA 93105
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