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512 E Arrellaga St, Santa Barbara, CA, 93103

3beds
2baths
2,974sqft
$2,195,000
$738price/sqft
$13,956/moest. monthly cost
$558,240/yrincome needed

About This Home

Discover this hidden-in-plain-sight Santa Barbara treasure - a historic piece of architecture owned by the same family for over 80 years, for sale for the 1st time since 1944! The home appears seemingly lost in time at the edge of the Upper East as it rises to the Lower Riviera, now available for the next owner to revive the home to a new splendor. Built around 1912 in a Vernacular Craftsman style, the rustic board-and-batten wood exterior is immediately distinctive on the 1st story, with a Greene & Greene-style shingling and design motif on the 2nd story. A church-like window graces the front of the home and upon entering you are greeted by a wood-paneled 2-story cathedral style grand living room. A large traditional dining room and upstairs bedrooms continue the rich paneled interior décor, which can be preserved and incorporated, or re-imagined differently in a buyer's renovation. The nearly 3,000 square-foot home has been approved to be eligible for Mills Act status, to potentially significantly reduce the property taxes and help offset some of the upgrade expenses. A pleasant surprise is the ocean views from the expansive 2nd story terrace, as well as a generous-sized backyard with mature trees. The premier location is only 6-7 blocks to downtown's Theater/Arts District with its acclaimed performing arts venues and numerous fine dining restaurants, and within 2-3 blocks to notable City parks. For the buyer who yearns for an historic home with its own special identity, 512 East Arrellaga offers an intriguing opportunity to bring the magic back to life!

Getting Around

67
WalkingSomewhat Walkable
45
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

7/10

Construction

Condition

  • Property condition: Average,Fair
  • Year built: 1912

Materials

  • Foundation: Raised
  • Roof: Composition
  • Construction materials: Wood Siding,Wood Shingles

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood
  • Fireplace features: Living Room,Dining Room
  • Fireplace: Yes

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,974
  • Total interior livable area: 2,974 sqft

Property

Details

  • Parcel number: 027260003
  • Zoning: R-3

Features

  • Levels: Two
  • Patio & porch: Deck,Rear Porch,Front Porch
  • Fencing: Back Yard
  • Has view: Yes
  • View description: Mountain(s),Ocean,City
  • Has water view: Yes
  • Water view: Ocean
  • Topography of land: Level

Lot

  • Lot size: 7,405 sqft
  • Features: Level,Near Public Transit

Parking

  • Total spaces: 1
  • Parking features: Garage,Attached
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Earthquake
    EarthquakeRelatively High
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Landslide

FEMA Declared Disasters in Santa Barbara County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,099$133,188
Home Insurance *$277$3,324
Property Taxes $1,943$23,316
Electricity $637$7,652
Total$13,956$167,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$478,491/yr
40% on housing$418,680/yr
45% on housing$372,160/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$738This listing

vs Other Active Listings

Avg $/sqft

ZIP 93103$1,114
Santa Barbara County$1,075

vs Homes Sold Last Month

Median $/sqft

ZIP 93103$1,325
Santa Barbara County$735

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-09Listed for sale$2,350,000

For Sale by Agent

AgentKen Switzer
BrokerageBerkshire Hathaway HomeServices California Properties

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