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8 Beds
0 Baths
3,332 sqft

$2,350,000

333 E Micheltorena Street, Santa Barbara CA, 93101

Price per sqft$705.28
Built in1969
Property size3,332 sqft
Property typeOther
Courtesy of Steve Golis, Radius Commercial RE

Overview

Active

Listed Nov 4, 2026

Updated 6 days ago

Well-maintained fourplex located in a desirable Santa Barbara location. The property offers an attractive unit mix consisting entirely of two-bedroom units and currently provides immediate rental or owner-occupancy opportunities with two vacant units. The carports and carport structure present an excellent opportunity for potential ADU development, subject to city approval and applicable regulations. Significant recent capital improvements, including a new roof, exterior repairs and paint, updated electrical service, plumbing improvements, replacement water heaters, and Unit #1 has been fully remodeled with recent improvements totaling over $50k, help minimize near-term maintenance expenses and enhance the property's appeal. With two vacant units and projected gross rents of approximately $13,900 per month, the property presents an attractive value-add opportunity for investors seeking immediate rental upside and strong long-term income potential.

$15,635/mo

Est. mortgage payment based on a $2,350,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26002232

Interior Features

Bedrooms
8
Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Also listed on SBAOR

Listed by Radius Commercial RE, Steve Golis,
Listing Contact: 805-965-5500 

© 2026 by the following Associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved.

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