Located in Santa Barbara's desirable Samarkand neighborhood, this charming multi-unit property offers an excellent income-producing opportunity in one of the city's most convenient residential areas. Just minutes from Downtown, Upper State Street, Cottage Hospital, & the Santa Barbara Golf Club, the property blends neighborhood charm with easy access to shopping, dining, & entertainment. The property includes two well-appointed units: a bright 1BD/1BA front unit with hardwood floors, a stylish kitchen and bath, and a spacious front deck & yard; & a 2BD/1BA unit above the garages featuring hardwood flooring, two private decks, & a large rear yard--ideal for investors or owner-users seeking flexibility in a prime location. 1BD unit will be vacant by September.
Active
$1,600,000
2549 Treasure Dr, Santa Barbara, CA 93105
3beds
2baths
1,624sqft
Multi Family
Built in 1954
-- sqft lot
$1,560,300 Zestimate®
$985/sqft
$-- HOA
What's special
Large rear yardTwo private decksHardwood floorsHardwood flooringStylish kitchen
- 134 days |
- 1,065 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
Christos Celmayster 01342996,
Hayes Commercial Group
Source: SBMLS,MLS#: 26-758
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Appliances
- Laundry: In Unit
Features
- Has fireplace: No
Interior area
- Total interior livable area: 1,624 sqft
Property
Parking
- Parking features: Garage
Features
- Stories: 2
Lot
- Size: 6,534 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 051323022
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Mixed
Condition
- Good
- Year built: 1954
Community & HOA
Community
- Subdivision: 20 - Samarkand
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $985/sqft
- Tax assessed value: $1,638,517
- Annual tax amount: $17,321
- Date on market: 3/11/2026
- Cumulative days on market: 135 days
- Listing terms: Cash
Estimated market value
$1,560,300
$1.48M - $1.64M
$5,679/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Listed for sale | $1,600,000-11.1%$985/sqft |
Source:  SBMLS #26-758 Report a problem | ||
| 2/24/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/22/2026 | Listed for sale | $1,799,999-2.7%$1,108/sqft |
Source: Owner Report a problem | ||
| 2/4/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/26/2022 | Listed for sale | $1,850,000+320.5%$1,139/sqft |
Source: Owner Report a problem | ||
| 12/3/1999 | Sold | $440,000$271/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,321 +9.1% | $1,638,517 +9.4% |
| 2024 | $15,880 +10.4% | $1,498,000 +10% |
| 2023 | $14,389 +1.8% | $1,362,000 +2% |
| 2022 | $14,137 +25.5% | $1,335,000 +25% |
| 2021 | $11,264 +15% | $1,068,000 +15% |
| 2020 | $9,793 -0.2% | $929,000 |
| 2019 | $9,814 +1.4% | $929,000 +2% |
| 2018 | $9,676 +5.6% | $911,000 +5% |
| 2017 | $9,164 +5.8% | $868,000 +5% |
| 2016 | $8,666 +11.3% | $827,000 +2% |
| 2015 | $7,783 | $811,000 +10% |
| 2014 | $7,783 | $737,000 +10% |
| 2012 | -- | $670,000 -5.1% |
| 2011 | -- | $706,000 -4.9% |
| 2010 | -- | $742,600 -41.6% |
| 2009 | -- | $1,272,387 +2% |
| 2008 | -- | $1,247,439 +2% |
| 2007 | -- | $1,222,980 +28.5% |
| 2006 | -- | $951,966 +2% |
| 2005 | -- | $933,300 +99.9% |
| 2003 | -- | $466,931 +2% |
| 2002 | -- | $457,776 +2% |
| 2001 | -- | $448,800 +2% |
| 2000 | -- | $440,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Samarkand
Nearby schools
GreatSchools rating
- 7/10Adams Elementary SchoolGrades: K-6Distance: 0.3 mi
- 6/10La Cumbre Junior High SchoolGrades: 7-8Distance: 0.4 mi
- 8/10San Marcos Senior High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Adams
- 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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