Open House: Sat, Apr 20th 1:00 PM - 3:00 PM PDT

Active

821 & 823 E Pedregosa Street

SANTA BARBARA CA, 93103

$3,995,000


$1,113.74 per sqft

Active

7 Beds

6 Baths

3,587 sqft

Residential

Built in 1915

Courtesy of Julie Barnes, Village Properties - 1

Beautiful Riviera view property offers endless possibilities. This property is in a prime location and positioned perfectly as a family compound, short or long term rental opportunities, or a 1031 Exchange investment property. A total of four units gives you the option to live in one and collect income from the other three! Live the Santa Barbara dream at 821 E. Pedregosa - a large Craftsman-style home with stunning city, ocean and island views - while generating income from the three apartments tucked discreetly at the back of the property. 823 E. Pedregosa is a legal triplex - each unit offers a full kitchen, laundry and outdoor space with views. The main house is bathed in natural light and exudes character and charm while offering you the comfort and convenience of modern amenities. There are four bedrooms and three full bathrooms with a bedroom on the main level or an optional home office that has a separate entrance. Upstairs, there are three bedrooms and two baths and a large central playroom (or home office) with doors to an upper deck to relax and enjoy the spectacular city, ocean and island views. The stone fireplace in the living room makes for a cozy setting with another view deck on the main level. The updated kitchen opens to a large trellis deck to grill and dine al fresco while enjoying the lush gardens.

823 E. Pedregosa is a Legal Triplex. Three income producing units are tucked at the rear of the property in a lovely lush setting with views. There are two one bedroom one bathroom units and a studio; each unit has its own water heater and electrical panel.

This home plus three income producing units offers an exciting chance to live on the Santa Barbara Riviera neighboring Orpet Park, the Riviera Theatre, the luxurious El Encanto Hotel and is just a short jaunt to the historic SB Mission and beautiful Rose Garden.

24-577

MLS ID

February 26, 2024

Listed

April 16, 2024

Updated

Map

821 & 823 E Pedregosa Street
SANTA BARBARA CA, 93103

Interior Features

Total Stories

2


Bedrooms

7 Beds


Bathrooms

6 Baths


Interior Features

Remodeled Kitchen


Appliances

Refrigerator, Dishwasher, Disposal, Dryer, Gas Stove, Washer, Wtr Softener/Owned


Laundry Description

Gas Hookup, Laundry Room


Floor Description

Laminate, Hardwood, Tile


Fireplace

Yes


Fireplace Description

LR


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Deck


Lot Features

Near Public Transit


Architectual Style

Craftsman


Roof

Composition

School Information

High School

S.B. Sr.


Elementary School

Roosevelt

Other Property Details

Area Name

15 - SB/EAST OF STATE


Garage

No


Parking

Paved


View

Yes


View Description

Islands, Ocean, City, Harbor


County

Santa Barbara


Water Source

SB Wtr


Pool

No


Zoning

Other


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

4/8/2024

Price Change

$3,995,000

-5%

3/27/2024

Price Change

$4,195,000

-7%

Open House Schedule

Sat, Apr 20th

1:00 PM - 3:00 PM PDT

Sun, Apr 21st

1:00 PM - 3:00 PM PDT

Listed by Village Properties - 1, Julie Barnes,
Listing Contact:  

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