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$1,750,000
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Property Description
Exceptional multi-unit investment opportunity located in Santa Barbara's sought-after Eastside neighborhood. This Victorian-style four-plex consists of three separate structures, including a three-bedroom, two-bath single-family residence; a duplex featuring a three-bedroom, three-bath unit and a four-bedroom, two-bath unit; and a detached one-bedroom, one-bath unit. The property offers multiple income streams with potential for value enhancement through renovations or reconfiguration, subject to buyer investigation and applicable approvals. Conveniently situated just minutes from downtown Santa Barbara, beaches, hiking trails, dining, and shopping, the location provides access to a wide range of amenities and coastal lifestyle offerings. This Eastside property presents an opportunity for investors seeking income potential and long-term ownership in a well-located Santa Barbara neighborhood.
Full Property Details
Full Property Details for 331 N Alisos St
General
- Sold For: $1,750,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 26-276
- Added to Site: 119 day(s) ago
Parking
- Parking Features: Garage
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Cross Streets: E Gutierrez St
School Information
- Elementary School: Franklin
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Structural Information
- Foundation: Mixed, Other
- Year Built: 1930
- Property Condition: Fair
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 16,988
- Lot Size: 16988
- Zoning: R-2
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Property ID: 031-371-005
Listed by Douglas Elliman of California, Inc.
Sold by Century 21 Masters
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Schools
Schools serving 331 N Alisos St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Franklin Elementary School, Santa Barbara, CA 1111 East Mason Street, Santa Barbara, CA 93103 | PK-6 | 0.3 mi |
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 0.3 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 331 N Alisos St
Date
Details
Price
Change
Source
5/22/2026
Sold
$1,750,000
-12.5%
MLS
1/27/2026
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
331 N Alisos Street, Santa Barbara, CA 93103 (MLS# 26-276) is a Multi-Family property that was sold at $1,750,000 on May 22, 2026. Want to learn more about 331 N Alisos Street? Do you have questions about finding other Multi-Family real estate for sale in East Of State? You can browse all East Of State real estate or contact a Coldwell Banker agent to request more information.

