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Multifamily Short-Term Rental Property
For Sale
$2,095,000

393 Alisal Rd, Solvang, CA 93463

Remodeled in 2023 across two contiguous legal parcels within the Village Mixed Use zoning district.

Property SizeContact for details
Days on Market71

Property Features for 393 Alisal Rd

General Information

Standard status Active
Property subtype Business Opportunity
Listing Agency: Grand Avenue Real Estate
Listed By: Evan Lash
Source: Exprealty
Added: Jun 13 Changed: Aug 21 Last Checked: Aug 22 at 9:13AM

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 Grand Avenue Real Estate

Investment Insights

Based on property information with market context.

This multifamily offering combines two contiguous legal parcels and four separate dwellings, all extensively remodeled in 2023. The unit mix includes a two-bedroom, one-bath residence, two one-bedroom, one-bath residences, and two separate one-bedroom, one-bath studios. Seller-owned furnishings are included, and the residences are currently operated through both short-term vacation and long-term rental arrangements.

The property occupies a highly visible corner in downtown Solvang and is located within the City’s Village Mixed Use (VMU) zoning district. The two parcels are identified as 393 Alisal Road, APN 139-214-002, and 1688 Oak Street, APN 139-214-001. VMU zoning supports residential, commercial, and mixed-use applications, subject to applicable requirements.

Key Highlights

  • Two contiguous legal parcels with four separate dwellings
  • Extensively remodeled in 2023
  • Unit mix includes a 2‑bedroom residence, two 1‑bedroom residences, and two 1‑bedroom studios

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

978
Businesses Nearby

Demographics for 93463, CA

8,731
Population
3,672
Households
2.4
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
33.9 sq mi
ZIP Area
258
Density / Sq Mi
$130,123
Median Household Income
$53,188
Median Earnings
$1,895
Median Rent
$1,044,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Remodeled in 2023 across two contiguous legal parcels within the Village Mixed Use zoning district.
Where is this short term rental property located?
The property is located at 393 Alisal Rd Solvang, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Two contiguous legal parcels with four separate dwellings; Extensively remodeled in 2023; Unit mix includes a 2‑bedroom residence, two 1‑bedroom residences, and two 1‑bedroom studios
More about this property
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