Santa Barbara Fourplex Investment Opportunity

331 N Alisos St, Santa Barbara, CA 93103

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For Sale

$2,000,000

Victorian-style fourplex in Santa Barbara's Eastside neighborhood.

Type:Investment

HighLights

Four‑plex in Santa Barbara's desirable Eastside neighborhood
Multiple income streams from four separate units
Includes a three‑bedroom, two‑bath single‑family residence
Victorian‑style architecture
Potential for value enhancement through renovations
Convenient location near downtown, beaches, hiking, dining, and shopping

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Listing Contact

Michael Herbert

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For Sale

$2,000,000

Victorian-style fourplex in Santa Barbara's Eastside neighborhood.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 4:30 pm

Property Features for 331 N Alisos St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1930

We can help!

Listing Contact

Michael Herbert

Listing agent Michael Herbert License #02047905

Listing office

Listing date Apr 24, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Michael Herbert

HighLights

Four‑plex in Santa Barbara's desirable Eastside neighborhood
Multiple income streams from four separate units
Includes a three‑bedroom, two‑bath single‑family residence
Victorian‑style architecture
Potential for value enhancement through renovations
Convenient location near downtown, beaches, hiking, dining, and shopping

Overview

This multi-unit investment property is located in Santa Barbara's Eastside neighborhood. The Victorian-style fourplex consists of three separate structures: 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 and potential for value enhancement through renovations or reconfiguration, subject to buyer investigation and applicable approvals. The location is situated minutes from downtown Santa Barbara, beaches, hiking trails, dining, and shopping, providing access to amenities and coastal lifestyle offerings. The bike score is 40, indicating it is somewhat bikeable. The walk score is 65, indicating it is somewhat walkable. The transit score is 35, indicating some transit options are available.

Location Intelligence

Current Use by Public Records

Sublime Gardens Landscaping

Suggested Use

Location Insight

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Local Demand

City: Santa Barbara
County: Santa Barbara
State: California
Longitude: -119.6829011
Latitude: 34.4260591

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For sale
Quadplexes
CA
Santa Barbara
93103
331 N Alisos St

What type of property is this?

Quadplex - Victorian-style fourplex in Santa Barbara's Eastside neighborhood.

Where is this quadplex located?

The property is located at 331 N Alisos St Santa Barbara, CA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Four‑plex in Santa Barbara's desirable Eastside neighborhood; Multiple income streams from four separate units; Includes a **three‑bedroom, two‑bath single‑family residence**