Tucked along a quiet street just moments from downtown Santa Barbara, this charming four-unit property blends classic character with strong income fundamentals.
The approximately 2,012 SF building consists of four spacious one-bedroom, one-bath residences, each just over 500 SF. All units are currently leased offering immediate cash flow in a highly sought-after rental location.
Recent upgrades enhance the property's appeal, including recently refreshed upper units and a previously refreshed lower unit, while the fourth unit provides an opportunity for future improvement and added value.
Residents benefit from a welcoming communal pergola area, on-site laundry, outdoor storage lockers for each unit, basement storage for bikes and beach gear, and thoughtfully maintained landscaping. With its unbeatable location near Paso Nuevo, dining, shopping, and entertainment are moments away from your door. This property presents a compelling opportunity for investors seeking both stability and upside.
Active
$1,995,000
308 W De La Guerra St, Santa Barbara, CA 93101
4beds
4baths
2,012sqft
:
Get pre-qualified$13,143/mo
Multi Family
Built in 1940
-- sqft lot
$1,936,100 Zestimate®
$992/sqft
$-- HOA
What's special
Thoughtfully maintained landscapingWelcoming communal pergola areaSpacious one-bedroom one-bath residencesOn-site laundry
- 79 days |
- 805 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Susan Jordano 01775462 805-680-9060,
Village Properties,
Simone Eurich 02105209 805-455-7992,
Village Properties
Source: SBMLS,MLS#: 26-1616
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Appliances
- Laundry: Other
Features
- Has fireplace: No
Interior area
- Total interior livable area: 2,012 sqft
Property
Parking
- Parking features: On Street
Lot
- Size: 2,178 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 037032016
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Raised
Condition
- Good
- Year built: 1940
Community & HOA
Community
- Subdivision: 15 or 20 - Downtown
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $992/sqft
- Tax assessed value: $1,835,889
- Annual tax amount: $19,402
- Date on market: 5/15/2026
- Cumulative days on market: 80 days
- Listing terms: Conventional,Cash
- Total actual rent: 9700
Estimated market value
$1,936,100
$1.84M - $2.03M
$5,465/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listed for sale | $1,995,000+15.3%$992/sqft |
Source:  SBMLS #26-1616 Report a problem | ||
| 3/8/2022 | Sold | $1,730,000-8.7%$860/sqft |
Source: SBMLS #21-3422 Report a problem | ||
| 1/21/2022 | Pending sale | $1,895,000$942/sqft |
Source: SBMLS #21-3422 Report a problem | ||
| 12/15/2021 | Price change | $1,895,000-2.6%$942/sqft |
Source: SBMLS #21-3422 Report a problem | ||
| 9/10/2021 | Listed for sale | $1,945,000$967/sqft |
Source: SBMLS #21-3422 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,402 +1.7% | $1,835,889 +2% |
| 2024 | $19,070 +3.9% | $1,799,892 +4% |
| 2023 | $18,358 -0.2% | $1,730,000 +636.8% |
| 2022 | $18,403 +642.9% | $234,791 +2% |
| 2021 | $2,477 +1.1% | $230,188 +1% |
| 2020 | $2,451 +1.8% | $227,829 +2% |
| 2019 | $2,408 +1.4% | $223,363 +2% |
| 2018 | $2,374 +3.4% | $218,985 +2% |
| 2017 | $2,296 -1.1% | $214,692 +2% |
| 2016 | $2,321 +2.7% | $210,484 +1.5% |
| 2015 | $2,260 | $207,323 +2% |
| 2014 | $2,260 | $203,262 +2.5% |
| 2012 | -- | $198,378 +2% |
| 2011 | -- | $194,490 +0.8% |
| 2010 | -- | $193,038 -0.2% |
| 2009 | -- | $193,497 +2% |
| 2008 | -- | $189,704 +2% |
| 2007 | -- | $185,986 +2% |
| 2006 | -- | $182,340 +2% |
| 2005 | -- | $178,765 +3.9% |
| 2003 | -- | $172,049 +2% |
| 2002 | -- | $168,677 +2% |
| 2001 | -- | $165,371 +2% |
| 2000 | -- | $162,129 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: West Downtown
Nearby schools
GreatSchools rating
- 7/10Monroe Elementary SchoolGrades: K-6Distance: 1.8 mi
- 6/10La Cumbre Junior High SchoolGrades: 7-8Distance: 1.5 mi
- 8/10San Marcos Senior High SchoolGrades: 9-12Distance: 5 mi
Schools provided by the listing agent
- Elementary: Monroe
- 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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- $5,719-- bd-- ba-- sqft311 W De La Guerra St, Santa Barbara, CA 93101Off Market
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