$3,095,000

Estimated payment $17,154/month

Total Views 8,799
-- Bed
-- Bath
2,564 Sq Ft
$1,207 Price per Sq Ft

Highlights

  • Very Popular Property
  • Spa
  • 0.52 Acre Lot
  • Santa Barbara Senior High School Rated A-
  • Property is near an ocean
  • Property is near a park

About This Home

Sunlit compound with panoramic views of the Santa Barbara Mission, harbor, Pacific Ocean, and Channel Islands. Set across three parcels, this exceptional property features two detached, single-level Mid-Century homes, each designed to capture the drama of the south-facing vista through walls of glass and clean architectural lines.

949 Cheltenham offers 3BD/2BA (1,708 SF) of light-filled living with a newer roof, HVAC, and many upgrades. The sleek kitchen is appointed with Viking and Sub-Zero appliances, and a newer spa positioned for sunset soaks. A private courtyard wrapped in bougainvillea accentuates the indoor outdoor design.

947 Cheltenham is a beautifully maintained 2BD/1BA (856 SF) with hardwood floors, granite kitchen, a 2 car garage, spa hookups and views that sweep from landmarks to coastline. Recently painted inside and out, with many updates, both homes are move-in condition and offer flexibility for extended family, dual living, or future income. Whether you're seeking a long-term investment, a multi-generational escape, these two stunning homes deliver space and style just minutes to downtown Santa Barbara.

Listing Agent

Robert Heckes

Sotheby's International Realty License #01723319 Listed on: 07/08/2025

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $331

Year Built

  • Built in 1950

Lot Details

  • 0.52 Acre Lot
  • Back Yard Fenced
  • Property is in good condition

Parking

  • 2 Car Attached Garage
  • Parking Garage Space
  • Open Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 2,564 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Wheelchair Access

Outdoor Features

  • Spa
  • Property is near an ocean

Location

  • Property is near a park
  • Property near a hospital
  • Property is near schools
  • Property is near shops

Schools

  • Roosevelt Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Shared Gas Meter
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 023-141-006
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units
  • 15 Mission Canyon Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $156,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$331

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Income Expenses Annual Income: 156000.0
  • Capitalization Rate: 3.28
  • Gross Rent Multiplier: 19.84
  • Monthly Income: 13000.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 1
  • ResoLaundryFeatures: In Unit, Other
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 15 - Mission Canyon
  • Reso Accessibility Features: Wheelchair Access
  • Reso Flooring: Carpet, Tile, Wood/Laminate, Wnd/Cv Prt
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1950
  • Property Information Apx # Acres: 0.52
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 2564.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 22651.0
  • Condition Good2: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Gar #24: Yes
  • Amenities Spa2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Attached6: Yes
  • HeatingCooling Ceiling Fan(s)3: Yes
  • Parking Info Com Garage3: Yes
  • Handicapped Access Wheelchair Access: Yes
  • Amenities Fncd Prt: Yes
  • FlrWdw Coverings WndCv Prt: Yes
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.52
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Gar #2, Unc #4, Attached, Com Garage
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Ceiling Fan(s), GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes

Schools

  • Elementary School: Roosevelt
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 023-141-006
  • Zoning: Other
  • Lot Size Sq Ft: 22651.0

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 156000.0
  • Total Actual Rent: 13000.0

Map

Range of Values:

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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
2023 $331 $29,585 $29,585 $0
2022 $319 $29,005 $29,005 $0
2021 $311 $28,437 $28,437 $0
2020 $308 $28,146 $28,146 $0
2019 $303 $27,595 $27,595 $0
2018 $298 $27,054 $27,054 $0
2017 $289 $26,524 $26,524 $0
2016 $373 $26,004 $26,004 $0
2014 $365 $25,113 $25,113 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $3,095,000 +121.1% $1,207 / Sq Ft
07/08/2025 07/08/25 For Sale $1,400,000 0.0% $1,636 / Sq Ft
12/07/2013 12/07/13 Rented -- -- --
11/07/2013 11/07/13 Under Contract -- -- --
10/22/2013 10/22/13 For Rent $2,700 0.0% --
04/19/2013 04/19/13 Sold $575,000 0.0% $672 / Sq Ft
04/05/2013 04/05/13 Rented -- -- --
04/05/2013 04/05/13 Under Contract -- -- --
03/13/2013 03/13/13 For Rent $2,700 0.0% --
03/07/2013 03/07/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $1,450,000 -- $1,694 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $575,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lawyers Title Co
Grant Deed $1,495,000 Lawyers Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,000 New Conventional
Closed $333,000 New Conventional
Previous Owner $364,129 Unknown
Previous Owner $971,750 Purchase Money Mortgage
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2584

Santa Barbara Multiple Listing Service

APN: 023-141-004