821 & 823 E Pedregosa Street, Santa Barbara, CA 93103 $3,995,000

Status: Active    MLS# 24-577

7 Bedrooms    6 Full Bathrooms

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Property Description

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.

Property Information
Property Details
MLS ID: #24-577
Current Price: $3,995,000 
Buyer Broker Compensation: 2.5%
Status: Active
Days on Market: 124
Address: 821 & 823 E Pedregosa Street
City / Zip: Santa Barbara, CA 93103
Area / Neighborhood: Riviera/Lower
Property Type: Residential – Home/Estate
Style: Craftsman 
Approx. Sq. Ft.: 3,587 
Year Built: 1915 
Condition: Good, Updated/Remodeled 
Lot Sq. Ft.: 6,534 Sq.Ft. 
Topography: Combo 
Proximity: Near Bus, Near Park(s) 
View: Islands, Ocean, Harbor 
Elementary School: Roosevelt
Jr. High School: S.B. Jr.
Sr. High School: S.B. Sr.
Interior Features
Bedrooms: 7
Total Bathrooms: 6
Bathrooms (Full): 6
Dining Areas: Breakfast Area, Dining Area 
Fireplaces: LR 
Flooring: Hardwood, Laminate, Tile 
Laundry: Gas Hookup, Laundry Room 
Appliances: Dishwasher, Disposal, Dryer, Gas Stove, Refrigerator, Washer, Wtr Softener/Owned 
Exterior Features
Roof: Composition 
Exterior: Wood Siding 
Foundation: Raised 
Construction: Two Story 
Grounds: Deck 
Parking: Cpt #3 
ADU: No 
Amenities: Remodeled Kitchen 
Site Improvements: Easement, Paved, Public, Sidewalks 
Water / Sewer: S.B. Wtr 
Zoning: Other 
Reports Available: Home Inspection, Leases, NHD, Prelim, Sewer Lateral, TDS 

Listed with Village Properties