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Updated Triplex with Cottage
For Sale
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401 1/2 Old Coast Hwy, Santa Barbara, CA 93103

Three residential units include a standalone cottage, duplex configuration, shared laundry, and dedicated parking.

Property SizeContact for details
Days on Market145

Property Features for 401 1/2 Old Coast Hwy

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Radius Commercial Real Estate & Investments Santa Barbara
Listed By: Steve Golis · License #CA 00772218
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 5:10PM

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 Radius Commercial Real Estate & Investments Santa Barbara

Investment Insights

Based on property information with market context.

This updated triplex combines a standalone one-bedroom, one-bath cottage with garden and outdoor space and a two-unit residential building. The duplex includes one three-bedroom, one-bath residence and one three-bedroom, two-bath residence. Interior improvements include hardwood and tile flooring, fresh paint, a fireplace, and air conditioning in the rear unit. The property also offers shared laundry, gated patio space, a picnic and BBQ area, landscaped grounds, and mature trees.

Each unit has two off-street parking spaces. The cottage has a three-month-old roof and custom carport, while the rear duplex unit was constructed in 2012 and has a roof replaced last year. The property is near the beach, downtown, and Montecito, and is currently occupied by long-term tenants. An Affordable Housing Covenant runs with the property.

Key Highlights

  • Three‑unit configuration with a 1BD/1BA cottage, 3BD/1BA unit, and 3BD/2BA unit
  • Each unit includes 2 off‑street parking spaces
  • Standalone cottage features garden space, a 3‑month old roof, and custom carport

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop

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

584
Businesses Nearby

Demographics for 93103, CA

20,029
Population
8,069
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
3,642
Density / Sq Mi
$118,118
Median Household Income
$46,441
Median Earnings
$2,407
Median Rent
$1,555,600
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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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include a standalone cottage, duplex configuration, shared laundry, and dedicated parking.
Where is this triplex located?
The property is located at 401 1/2 Old Coast Hwy Santa Barbara, CA.
What are key features of this property?
This property features: Three‑unit configuration with a 1BD/1BA cottage, 3BD/1BA unit, and 3BD/2BA unit; Each unit includes 2 off‑street parking spaces; Standalone cottage features garden space, a 3‑month old roof, and custom carport
(805) 879-9606 Call to check price and availability
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