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  • $1,536,000

    1228 Olive St, Santa Barbara, CA 93101

    2beds
    860sqft
    Single Family Residence
    Built in 1925
    4,356 Square Feet Lot
    $1,549,600 Zestimate®
    $1,786/sqft
    $5,236 Estimated rent

    Home value

    $1,549,600

    $1.39M - $1.72M

    $5,236/mo

    Zestimate® history
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    What's special

    New roofNew stuccoNew countertopsQuiet olive-tree-lined stretchNew pergolaNew windowsFresh landscaping
    Tucked onto a quiet, olive-tree-lined stretch of Santa Barbara's Lower Riviera, on the edge of the storied Bungalow Haven district, this beautifully reimagined 1925 cottage blends timeless Spanish character with a thoughtful, top-to-bottom renovation. Just east of State Street and an easy stroll to downtown shops and restaurants, Alameda Park, Alice Keck Park Memorial Garden, and the Mission, this is the kind of home that lets you live the Santa Barbara lifestyle the moment you set down your bags. Offering approximately 860 square feet of 2-bedroom, 2-bathroom living on a roughly 4,356 square foot lot, the home has been extensively updated with the Spanish architecture preserved. Step inside to a new kitchen with custom cabinets, new countertops, and tile backsplash; two remodeled bathrooms with new tile, vanities, toilets, faucets, and glass shower doors; new flooring, mouldings, and lighting throughout; and a tiled fireplace that anchors the living space with cozy character. Systems updates include electrical rewire, updated PEX plumbing, new AC, new tankless water heater, electrical panel upgrade, and new washer and dryer. Foundation work has been completed. Outside is where this home truly invites you to linger. A new pergola, two custom decks, and custom eyebrow pergolas over the front windows and rear slider create inviting spaces to gather, unwind, and soak in the coastal air. Fresh landscaping, new stucco, a new roof, new windows, and new front and back fencing give the home undeniable curb appeal, while custom-finished and painted front rockwork adds a distinctive welcome. A permitted rec room sits behind the finished one-car garage -- drywalled, wired, and epoxy-coated with a new garage door -- offering flexible space for a studio, office, or quiet retreat. The epoxy-coated driveway provides parking for up to four cars, a rare and valuable find this close to downtown. Seller is offering a 2-1 rate buydown with an acceptable offer -- significantly lower your payments for the first two years. Move-in ready and full of heart, this is a special opportunity to own a lovingly renovated piece of the Lower Riviera, one of Santa Barbara's most walkable, characterful neighborhoods.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bret Lewis 01872524 480-225-6616,

    Noble Realty Brokerage

    Bought with:

    Kimberly Rockwell, 01482947

    eXp Realty of California, Inc.

    Zia Group, 01710544

    Source: SBMLS,MLS#: 26-1828MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 860
    • Total interior livable area: 860 sqft

    Property

    Features
    • Levels: Single Story
    Lot
    • Size: 4,356 Square Feet
    • Features: Interior Lot, Near Public Transit
    Details
    • Parcel number: 029141020
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Raised
    Condition
    • Updated/Remodeled,Excellent
    • Year built: 1925

    Community & HOA

    Community
    • Features: Sidewalks
    • Subdivision: 15 - Lower Eastside
    Location
    • Region: Santa Barbara

    Financial & listing details

    • Price per square foot: $1,786/sqft
    • Tax assessed value: $1,030,000
    • Date on market: 6/4/2026
    • Cumulative days on market: 14 days
    • Listing terms: Conventional,Cash,VA Loan

    Price history

    DateEventPrice
    8/6/2026Sold$1,536,000-3.9%$1,786/sqft
    Source: SBMLS #26-1828 Report a problem
    6/19/2026Pending sale$1,599,000$1,859/sqft
    Source: SBMLS #26-1828 Report a problem
    6/4/2026Listed for sale$1,599,000+55.2%$1,859/sqft
    Source: SBMLS #26-1828 Report a problem
    9/16/2025Sold$1,030,000$1,198/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $1,030,000 +1350.6%
    2025$796 +12.5%$71,006 +2%
    2024$708 +2.2%$69,615 +2%
    2023$693 +2.1%$68,251 +2%
    2022$679 +2.9%$66,914 +2%
    2021$659 +1.2%$65,603 +1%
    2020$652 +2%$64,932 +2%
    2019$639 +1.7%$63,660 +2%
    2018$628 +3.7%$62,413 +2%
    2017$606 -10.9%$61,190 +2%
    2016$680 +2.8%$59,991 +1.5%
    2015$661 $59,091 +2%
    2014$661 $57,935 +2.5%
    2012-- $56,544 +2%
    2011-- $55,436 +0.8%
    2010-- $55,022 -0.2%
    2009-- $55,154 +2%
    2008-- $54,073 +2%
    2007-- $53,014 +2%
    2006-- $51,976 +2%
    2005-- $50,958 +3.9%
    2003-- $49,045 +2%
    2002-- $48,085 +2%
    2001-- $47,143 +2%
    2000-- $46,220
    Find assessor info on the county website

    Neighborhood: Laguna

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Roosevelt
    • Middle: S.B. Jr.
    • High: S.B. Sr.

    Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $1,549,600
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    With Zillow Showcase(estimated)
    $1,580,592
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,549,600
    2% more
    +$30,992
    With Zillow Showcase(estimated)
    $1,580,592