Located in Santa Barbara's prime Medical Corridor and near Cottage Hospital, this multifamily property offers a rare value-add opportunity in a high-demand, low-supply submarket. With the two larger units delivered vacant at close of escrow, investors can capitalize on immediate leasing upside at current market rates. The flexible unit mix—ranging from studios to a spacious 3BD/3BA—broadens tenant appeal, while the potential to convert one or both 2-car garages into ADUs presents additional income and long-term value. Enhanced by ample on-site parking and a highly walkable location near De La Vina and State Street, this property is ideal for strategic renovations and repositioning to unlock its full potential.
Closed
Tax assessed value
$2,125,000
2228 De La Vina St, Santa Barbara, CA 93105
5beds
5baths
--sqft
Multi Family
Built in 1911
-- sqft lot
$2,642,800 Zestimate®
$--/sqft
$4,753 Estimated rent
Home value
$2,642,800
$2.25M - $3.12M
$4,753/mo
Zestimate® history
Owner options
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$13,342/mo
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Zillow last checked:
Listing updated:
Listed by:
Nolan Tooley 02127359 805-705-6924,
Hayes Commercial Group
Bought with:
William Franco, 02020491
eXp Realty of California Inc.
Source: SBMLS,MLS#: 25-1981
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Features
- Has fireplace: No
Property
Features
- Stories: 2
Lot
- Size: 9,148 Square Feet
Details
- Parcel number: 025183024
- Zoning: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1911
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Tax assessed value: $2,125,000
- Date on market: 5/19/2025
- Cumulative days on market: 87 days
- Listing terms: OTHER/CLA
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2025 | Sold | $2,125,000-6.6% |
Source:  SBMLS #25-1981 Report a problem | ||
| 8/13/2025 | Pending sale | $2,275,000 |
Source: SBMLS #25-1981 Report a problem | ||
| 6/19/2025 | Price change | $2,275,000-5% |
Source: SBMLS #25-1981 Report a problem | ||
| 5/19/2025 | Listed for sale | $2,395,000 |
Source: SBMLS #25-1981 Report a problem | ||
| 2/17/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/10/2020 | Listing removed | $2,850 |
Source: Owner Report a problem | ||
| 4/27/2020 | Listed for rent | $2,850 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $2,125,000 +205.8% |
| 2025 | $7,375 +1.7% | $694,862 +2% |
| 2024 | $7,248 +1.9% | $681,239 +2% |
| 2023 | $7,116 +1.8% | $667,882 +2% |
| 2022 | $6,994 +2.4% | $654,787 +2% |
| 2021 | $6,832 +1% | $641,949 +1% |
| 2020 | $6,761 +1.8% | $635,368 +2% |
| 2019 | $6,644 +1.4% | $622,911 +2% |
| 2018 | $6,549 +3.4% | $610,698 +2% |
| 2017 | $6,333 +1.5% | $598,725 +2% |
| 2016 | $6,240 +2.8% | $586,986 +1.5% |
| 2015 | $6,072 | $578,170 +2% |
| 2014 | $6,072 | $566,846 +2.5% |
| 2012 | -- | $553,221 +2% |
| 2011 | -- | $542,374 +0.8% |
| 2010 | -- | $538,321 -0.2% |
| 2009 | -- | $539,601 +2% |
| 2008 | -- | $529,021 +2% |
| 2007 | -- | $518,649 +2% |
| 2006 | -- | $508,481 +2% |
| 2005 | -- | $498,512 +3.9% |
| 2003 | -- | $479,781 +2% |
| 2002 | -- | $470,375 +2% |
| 2001 | -- | $461,153 +2% |
| 2000 | -- | $452,111 |
Find assessor info on the county website
Neighborhood: Oak Park
Nearby homes
- $2,474,0003 bd3 ba2.7k sqft2224 De La Vina St, Santa Barbara, CA 93105Off Market
- $1,572,3003 bd1 ba1.4k sqft2220 De La Vina St, Santa Barbara, CA 93105Off Market
- $2,508,8003 bd3 ba2.2k sqft116 W Los Olivos St UNIT C, Santa Barbara, CA 93105Off Market
- $1,875,0004 bd3 ba1.9k sqft116 W Los Olivos St UNIT B, Santa Barbara, CA 93105Sold
- $1,328,0002 bd1 ba793 sqft116 W Los Olivos St UNIT A, Santa Barbara, CA 93105Off Market
- $2,433,7003 bd3 ba2.5k sqft116 W Los Olivos St UNIT D, Santa Barbara, CA 93105Off Market
- $305,5301 bd1 ba450 sqft2216 De La Vina St, Santa Barbara, CA 93105Off Market
- $1,847,9003 bd1 ba1.4k sqft2212 De La Vina St, Santa Barbara, CA 93105Off Market
Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: K-6Distance: 0.7 mi
- 3/10Santa Barbara Junior High SchoolGrades: 7-8Distance: 1.8 mi
- 6/10Santa Barbara Senior High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Roosevelt
- Middle: LaCumbre
- 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
- 93105
- Oak Park
- 2228 De La Vina St
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