For the Investor/Developer. Only serious Buyers will be Considered. Proof of Funds required prior to Showings
Exceptional opportunity in the heart of Santa Barbara's vibrant West Downtown district. Situated on a ~10,000 sq ft lot ( roughly 67'x150'), this property is zoned R-4, allowing for multi-unit/residential /Hotel development and offering tremendous potential for the savvy investor or developer. It's central location provides unmatched walkability to the Santa Barbara Courthouse, Sunken Gardens, restaurants, shopping, and transit, making it highly desirable for both rental and resale markets.
This parcel represents one of the few remaining opportunities to build or redevelop in a core urban area where demand consistently outpaces supply. Whether you're looking to rehabilitate the existing structure or maximize the zoning to its highest and best use, the long-term upside is undeniable
Closed
$1,400,000
220 W Figueroa St, Santa Barbara, CA 93101
3beds
1,900sqft
Single Family Residence
Built in 1895
10,018 Square Feet Lot
$1,543,600 Zestimate®
$737/sqft
$6,966 Estimated rent
Home value
$1,543,600
$1.47M - $1.62M
$6,966/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Pamela G Shalhoob 02053975 805-895-9190,
Village Properties
Bought with:
Emily Termond, 01845077
Keller Williams Realty Santa Barbara
Source: SBMLS,MLS#: 25-3286
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Built-In Gas Range, Built-In Gas Oven, Dryer, Gas Cooktop, Washer
- Laundry: Not in-unit
Features
- Flooring: Laminate, Carpet, Hardwood
- Windows: Drapes, Blinds
- Has fireplace: Yes
- Fireplace features: Dining Room
Interior area
- Total structure area: 0
- Total interior livable area: 1,900 sqft
Property
Parking
- Parking features: RV Access/Parking, Boat
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Levels: Single Story
- Fencing: Back Yard,Full
- Has view: Yes
- View description: Other
Lot
- Size: 10,018 Square Feet
- Features: Level, Near Public Transit
- Topography: Level
Details
- Additional structures: Shed(s), Barn(s)
- Parcel number: 039221019
- Zoning: Other, R-4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Wood Siding, Other
- Foundation: Raised
- Roof: Composition
Condition
- Fixer,Poor
- Year built: 1895
Utilities & green energy
- Sewer: Sewer Hookup
Community & HOA
Community
- Subdivision: 15 or 20 - Downtown
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $737/sqft
- Tax assessed value: $124,974
- Annual tax amount: $1,294
- Date on market: 9/2/2025
- Cumulative days on market: 151 days
- Listing terms: Conventional,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2026 | Sold | $1,400,000-13.8%$737/sqft |
Source:  SBMLS #25-3286 Report a problem | ||
| 2/2/2026 | Pending sale | $1,625,000$855/sqft |
Source: SBMLS #25-3286 Report a problem | ||
| 9/19/2025 | Price change | $1,625,000-7.1%$855/sqft |
Source: SBMLS #25-3286 Report a problem | ||
| 9/2/2025 | Listed for sale | $1,749,000$921/sqft |
Source: SBMLS #25-3286 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,294 +1.9% | $124,974 +2% |
| 2024 | $1,270 +2% | $122,525 +2% |
| 2023 | $1,245 +1.9% | $120,123 +2% |
| 2022 | $1,221 +2.7% | $117,769 +2% |
| 2021 | $1,190 +1.1% | $115,461 +1% |
| 2020 | $1,176 +1.9% | $114,278 +2% |
| 2019 | $1,154 +1.6% | $112,039 +2% |
| 2018 | $1,136 +3.6% | $109,843 +2% |
| 2017 | $1,097 -5.1% | $107,690 +2% |
| 2016 | $1,157 +1.2% | $105,579 +1.5% |
| 2015 | $1,143 +1.6% | $103,994 +2% |
| 2014 | $1,125 | $101,958 +2.5% |
| 2012 | -- | $99,509 +2% |
| 2011 | -- | $97,559 +0.8% |
| 2010 | -- | $96,831 -0.2% |
| 2009 | -- | $97,062 +2% |
| 2008 | -- | $95,159 +2% |
| 2007 | -- | $93,294 +2% |
| 2006 | -- | $91,466 +2% |
| 2005 | -- | $89,674 +3.9% |
| 2003 | -- | $86,307 +2% |
| 2002 | -- | $84,616 +2% |
| 2001 | -- | $82,958 +2% |
| 2000 | -- | $81,333 |
Find assessor info on the county website
Neighborhood: West Downtown
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Nearby schools
GreatSchools rating
- 9/10Peabody Charter SchoolGrades: K-6Distance: 2 mi
- 3/10Santa Barbara Junior High SchoolGrades: 7-8Distance: 1.1 mi
- 6/10Santa Barbara Senior High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Peabody
- 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.
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- California
- Santa Barbara County
- Santa Barbara
- 93101
- West Downtown
- 220 W Figueroa St
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