Pending

Price cut: $195K (7/20)

$2,800,000

2347 Shelby St, Summerland, CA 93067

5beds

--sqft

$18,627/mo

Get pre-qualified

Single Family Residence

Built in 1973

6,098 Square Feet Lot

$2,796,900 Zestimate^®

$--/sqft

$-- HOA

What's special

Ocean viewsOcean-view penthouseStreet-to-street lotEnhanced outdoor spacesIndoor-outdoor coastal living

Owner-user investment opportunity in the heart of Summerland. This vacant ocean-view penthouse is part of a four-unit property and creates a rare opportunity to live in the premier unit while benefiting from income-producing rental apartments below. The penthouse features 2 bedrooms, 2 bathrooms, and an exceptional approx. 800 sq ft panoramic ocean-view deck designed for indoor-outdoor coastal living. The remaining units include one studio and two 2-bedroom, 1.5-bath townhouse-style apartments. Set on a street-to-street lot, the property offers additional long-term upside through thoughtful improvements, enhanced outdoor spaces, and continued optimization of the existing rental configuration. A compelling Summerland opportunity for buyers seeking ocean views, flexibility, income potential, and future value creation in one of the South Coast's most charming coastal communities.

44 days
62
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 7
Full bathrooms: 5
1/2 bathrooms: 2

Garage

Level: First

Appliances

Laundry: Laundry Room

Features

Has fireplace: No

Property

Parking

Total spaces: 6
Parking features: Carport, Garage
Garage spaces: 2
Carport spaces: 4
Covered spaces: 6

Features

Levels: Tri-Level,Outside Stairs
Patio & porch: Deck
Has view: Yes
View description: Park/Greenbelt, Beach, Mountain(s), Islands, Coastline, Ocean, City, Harbor, Trees/Woods, Panoramic
Has water view: Yes
Water view: Beach,Islands,Coastline,Ocean,Harbor

Lot

Size: 6,098 Square Feet
Topography: Hilly

Details

Parcel number: 005144005
Zoning: Other

Construction

Type & style

Home type: SingleFamily
Architectural style: Cape Cod
Property subtype: Single Family Residence

Materials

Foundation: Raised

Condition

Good
Year built: 1973

Community & HOA

Location

Region: Summerland

Financial & listing details

Tax assessed value: $2,264,005
Date on market: 7/20/2026
Cumulative days on market: 45 days
Listing terms: Conventional,Cash

Estimated market value

$2,796,900

$2.66M - $2.94M

$5,393/mo

Price history

Date	Event	Price
7/28/2026	Contingent	$2,800,000
Source: SBMLS #26-1008 Report a problem
7/20/2026	Price change	$2,800,000-6.5%
Source: SBMLS #26-1008 Report a problem
3/30/2026	Listed for sale	$2,995,000+59.7%
Source: SBMLS #26-1008 Report a problem
10/6/2015	Sold	$1,875,000
Source: SBMLS #15-2476 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$2,264,005 +2%
2025	$27,078 -2.5%	$2,219,614 +2%
2024	$27,760 +1.5%	$2,176,093 +2%
2023	$27,351 +1.3%	$2,133,425 +2%
2022	$26,995 +2.4%	$2,091,594 +2%
2021	$26,364 +6.1%	$2,050,583 +1%
2020	$24,852 +2.3%	$2,029,558 +2%
2019	$24,289 +1.9%	$1,989,764 +2%
2018	$23,846 +2%	$1,950,750 +2%
2017	$23,382 +1.9%	$1,912,500 +2%
2016	$22,942 +101%	$1,875,000 +136.3%
2015	$11,413 +5.5%	$793,372 +2%
2014	$10,822	$777,832 +2.5%
2012	--	$759,136 +2%
2011	--	$744,252 +0.8%
2010	--	$738,691 -0.2%
2009	--	$740,447 +2%
2008	--	$725,929 +2%
2007	--	$711,696 +2%
2006	--	$697,742 +2%
2005	--	$684,062 +3.9%
2003	--	$658,359 +2%
2002	--	$645,451 +2%
2001	--	$632,796 +2%
2000	--	$620,389