Exceptional multi-unit investment opportunity located in Santa Barbara's sought-after Eastside neighborhood. This Victorian-style four-plex consists of three separate structures, including a three-bedroom, two-bath single-family residence; a duplex featuring a three-bedroom, three-bath unit and a four-bedroom, two-bath unit; and a detached one-bedroom, one-bath unit.
The property offers multiple income streams with potential for value enhancement through renovations or reconfiguration, subject to buyer investigation and applicable approvals. Conveniently situated just minutes from downtown Santa Barbara, beaches, hiking trails, dining, and shopping, the location provides access to a wide range of amenities and coastal lifestyle offerings. This Eastside property presents an opportunity for investors seeking income potential and long-term ownership in a well-located Santa Barbara neighborhood.
Closed
$1,750,000
331 N Alisos St, Santa Barbara, CA 93103
11beds
8baths
--sqft
Multi Family
Built in 1930
-- sqft lot
$1,874,600 Zestimate®
$--/sqft
$4,355 Estimated rent
Home value
$1,874,600
$1.78M - $1.97M
$4,355/mo
Zestimate® history
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$10,892/mo
Est. payment
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Est. payment
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List your homeWhat's special
Victorian-style four-plexThree-bedroom two-bath single-family residenceFour-bedroom two-bath unitDetached one-bedroom one-bath unit
Zillow last checked:
Listing updated:
Listed by:
Michael B Herbert 02047905 626-826-3333,
Douglas Elliman of California, Inc.
Bought with:
Andrew Adler, 01162080
Century 21 Masters
Source: SBMLS,MLS#: 26-276
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 8
Features
- Has fireplace: No
Property
Parking
- Total spaces: 4
- Parking features: Garage
Features
- Stories: 2
Lot
- Size: 0.39 Acres
Details
- Parcel number: 031371005
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Mixed, Other
Condition
- Fair
- Year built: 1930
Community & neighborhood
Location
- Region: Santa Barbara
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Sold | $1,750,000-12.5% |
Source:  SBMLS #26-276 Report a problem | ||
| 3/8/2026 | Pending sale | $2,000,000 |
Source: SBMLS #26-276 Report a problem | ||
| 1/27/2026 | Listed for sale | $2,000,000+43.9% |
Source: SBMLS #26-276 Report a problem | ||
| 12/13/2013 | Listing removed | $1,390,000 |
Source: T.A.S. Commercial #13011611 Report a problem | ||
| 10/17/2013 | Listed for sale | $1,390,000 |
Source: T.A.S. Commerical #13011611 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,093 +1.7% | $668,047 +2% |
| 2024 | $6,971 +1.9% | $654,949 +2% |
| 2023 | $6,844 +1.8% | $642,108 +2% |
| 2022 | $6,726 +2.4% | $629,519 +2% |
| 2021 | $6,571 +1% | $617,177 +1% |
| 2020 | $6,503 +1.8% | $610,849 +2% |
| 2019 | $6,389 +1.4% | $598,873 +2% |
| 2018 | $6,299 +3.4% | $587,132 +2% |
| 2017 | $6,091 +1.4% | $575,620 +2% |
| 2016 | $6,005 +1.1% | $564,334 +1.5% |
| 2015 | $5,939 +1.6% | $555,858 +2% |
| 2014 | $5,843 | $544,970 +3.4% |
| 2012 | -- | $526,871 +8.2% |
| 2011 | -- | $487,129 +0.8% |
| 2010 | -- | $483,489 -0.2% |
| 2009 | -- | $484,638 +2% |
| 2008 | -- | $475,137 +2% |
| 2007 | -- | $465,822 +2% |
| 2006 | -- | $456,689 +2% |
| 2005 | -- | $447,735 +3.9% |
| 2003 | -- | $430,912 +2% |
| 2002 | -- | $422,463 +2% |
| 2001 | -- | $414,181 +2% |
| 2000 | -- | $406,061 |
Find assessor info on the county website
Neighborhood: Eastside
Nearby schools
GreatSchools rating
- 8/10Franklin Elementary SchoolGrades: K-6Distance: 0.3 mi
- 3/10Santa Barbara Junior High SchoolGrades: 7-8Distance: 0.4 mi
- 6/10Santa Barbara Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Franklin
- 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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$1,874,600
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$1,912,092
- California
- Santa Barbara County
- Santa Barbara
- 93103
- Eastside
- 331 N Alisos St
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