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2549 Treasure Dr
Santa Barbara, CA 93105
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Rare two-unit multifamily property in Santa Barbara’s Samarkand neighborhood.
- Front residence features hardwood floors, an updated kitchen and bath, and a private front deck.
- Convenient location near Downtown Santa Barbara, Upper State Street, Cottage Hospital, and Santa Barbara Golf Club.
- Flexible ownership opportunity suited for investors or owner-users.
- Upper unit includes hardwood flooring, two private decks, and access to a large rear yard.
- Residential setting with access to shopping, dining, entertainment, and major community amenities.
Executive Summary
Located in Santa Barbara’s desirable Samarkand neighborhood, this charming multi-unit property offers an excellent income-producing opportunity in one of the city’s most convenient residential areas. Just minutes from Downtown, Upper State Street, Cottage Hospital, and the Santa Barbara Golf Club, the property blends neighborhood charm with easy access to shopping, dining, and entertainment. The property includes two well-appointed units: a bright 1BD/1BA front unit with hardwood floors, a stylish kitchen and bath, and a spacious front deck and yard; and a 2BD/1BA unit above the garages featuring hardwood flooring, two private decks, and a large rear yard—ideal for investors or owner-users seeking flexibility in a prime location.
Price: $1,575,000
Unit Mix: Unit A 1BD/1BA (vacant as of 9/12)
Unit B 2BD/1BA
Lot Size: 6,534 SF
Parking: Garage and driveway
Laundry: Individual for Unit A and B
Zoning: R-2
APN: 051-323-022
Age: 1954
Current Rents: Unit A $2,458/mo
Unit B $3,078/mo
Reports: Preliminary Title Report,
General Building
Inspection, Pest Report,
Sewer Lateral, Leases, &
Financials
To Show: CLA
Price: $1,575,000
Unit Mix: Unit A 1BD/1BA (vacant as of 9/12)
Unit B 2BD/1BA
Lot Size: 6,534 SF
Parking: Garage and driveway
Laundry: Individual for Unit A and B
Zoning: R-2
APN: 051-323-022
Age: 1954
Current Rents: Unit A $2,458/mo
Unit B $3,078/mo
Reports: Preliminary Title Report,
General Building
Inspection, Pest Report,
Sewer Lateral, Leases, &
Financials
To Show: CLA
Property Facts
| Price Per Unit | $787,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 2 | Building Size | 1,624 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1954 |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Two-Family Residential Zoning | ||
| Price Per Unit | $787,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,624 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | R2 - Two-Family Residential Zoning |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 051-323-022 | Improvements Assessment | $695,554 |
| Land Assessment | $975,733 | Total Assessment | $1,671,287 |
Property Taxes
Parcel Number
051-323-022
Land Assessment
$975,733
Improvements Assessment
$695,554
Total Assessment
$1,671,287
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