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$2,210,000
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Property Description
Opportunity to Own a Prime SB Multi-Family Asset w/ Major Upgrades & Future Value-Add Potential. 15 W. Islay St. features a 1920s duplex w/ (2) 1BD/1BA units & a 1963 triplex w/ (1) 2BD/1BA + (2) 1BD/1BA units, w/ upstairs tenants enjoying a shared balcony. Ideally located between Downtown & Upper State, residents benefit from easy freeway access & nearby shopping, dining & entertainment. Substantial recent upgrades provide a well-maintained asset in a strong rental market. Added value exists through rental upside & the City's ADU program. Current ownership has submitted plans to convert the carport into a Jr. ADU, plus potential for 2 detached ADUs at the rear.
Full Property Details
Full Property Details for 15 W Islay St
General
- Sold For: $2,210,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 25-3289
- Added to Site: 136 day(s) ago
Parking
- Parking Features: Carport, Uncovered
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Cross Streets: State Street
School Information
- Elementary School: Peabody
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Structural Information
- Square Feet: 3,453
- Living Area: 3,453 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size: 7405
- Lot Features: Near Public Transit
- Zoning: Other
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Reports: Prelim
- Property ID: 027-101-006
Listed by Radius Group Commercial R.E.
Sold by Alpha Investment Management
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Schools
Schools serving 15 W Islay St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 1.4 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 W Islay St
Date
Details
Price
Change
Source
10/31/2025
Sold
$2,210,000
-3.7%
MLS
9/02/2025
Listed
$2,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15 W Islay Street, Santa Barbara, CA 93101 (MLS# 25-3289) is a Multi-Family property that was sold at $2,210,000 on October 31, 2025. Want to learn more about 15 W Islay Street? Do you have questions about finding other Multi-Family real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

