$5,995,000

Estimated payment $35,135/month

Total Views 72,347
7 Beds
6 Baths
2,389 Sq Ft
$2,509 Price per Sq Ft

Highlights

  • 2 Car Attached Garage
  • Santa Barbara Senior High School Rated A-
  • Laundry Room

About This Home

Nestled in the heart of downtown Santa Barbara, Casa Valerio blends classic charm with modern sophistication. This extensively remodeled mixed-use property offers both residential comfort and exceptional investment potential. The second-floor residence spans +/-1,406 square feet and features 3 bedrooms, 2 bathrooms, a two-car garage, and two private decks, perfect for enjoying Santa Barbara's ideal weather. The first-floor houses four permitted short-term rental units, providing a lucrative opportunity in the city's vibrant downtown core. Just blocks from the bustling restaurant and theatre district, residents and guests can enjoy the best of Santa Barbara's culinary and cultural scene. Additional nearby attractions include the weekly Farmers Markets, the County Courthouse, Paseo Nuevo, the Mission and Rose Garden, Alice Keck Park, Alameda Park, the Santa Barbara Bowl, and downtown Santa Barbara. Casa Valerio offers a combination of prime location, modern upgrades, and versatile living spaces, making it a standout property for owners, tenants, and visitors alike.

Listing Agent

Steve Epstein

Keller Williams Realty Santa Barbara License #00994429 Listed on: 08/26/2025

Keller Williams Realty Santa Barbara

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

Interior Spaces

  • 2,389 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 027-182-002

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2389
  • Lot Acreage: 0.0700
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: Room, Outside
  • Total Bathrooms: 6.00
  • Equipment: Dryer, Washer, Range/Oven, Refrigerator, Microwave
  • Price Per S Q F T: 2509.42

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage Is Attached, Garage - 2 Car
  • Total Parking: 2

Lot Info

  • Assessed Improvement Percent: 78.02
  • Assessed Improvement Value: 3620600
  • Assessed Land Percent: 21.98
  • Assessed Land Value: 1020000
  • Total Assessed Value: 4640600
  • Assessor Parcel Number: 027-182-002
  • Lot Size Area: 3049

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 10.66
  • Number Of Units: 5
  • Type Of Units: Mixed

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $49,165 $4,735,332 $1,040,400 $3,694,932
2023 $49,165 $4,505,000 $1,000,000 $3,505,000
2022 $15,294 $1,435,133 $630,706 $804,427
2021 $12,868 $1,210,916 $618,340 $592,576
2020 $12,735 $1,198,500 $612,000 $586,500
2019 $2,719 $249,739 $93,185 $156,554
2018 $2,680 $244,843 $91,358 $153,485
2017 $2,591 $240,043 $89,567 $150,476
2016 $2,608 $235,337 $87,811 $147,526
2014 $2,539 $227,263 $84,798 $142,465
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2025 08/26/25 For Sale $5,995,000 +81.7% $2,509 / Sq Ft
02/07/2022 02/07/22 Sold $3,300,000 0.0% $1,384 / Sq Ft View Prior Sale
09/22/2021 09/22/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $3,300,000 -- $1,384 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $4,555,000 First American Title
Grant Deed $3,300,000 Fidelity National Title
Interfamily Deed Transfer -- Wfg National Title Ins Co
Grant Deed $1,175,000 First American Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,852,500 New Conventional
Previous Owner $2,475,000 New Conventional
Previous Owner $587,500 Commercial
Previous Owner $587,500 Unknown
Source: Public Records

Source: The MLS

MLS Number: 25580693

The MLS

APN: 027-182-002