308 W De La Guerra St, Santa Barbara, CA, 93101
About This Home
Tucked along a quiet street just moments from downtown Santa Barbara, this charming four-unit property blends classic character with strong income fundamentals. The approximately 2,012 SF building consists of four spacious one-bedroom, one-bath residences, each just over 500 SF. All units are currently leased offering immediate cash flow in a highly sought-after rental location. Recent upgrades enhance the property's appeal, including recently refreshed upper units and a previously refreshed lower unit, while the fourth unit provides an opportunity for future improvement and added value. Residents benefit from a welcoming communal pergola area, on-site laundry, outdoor storage lockers for each unit, basement storage for bikes and beach gear, and thoughtfully maintained landscaping. With its unbeatable location near Paso Nuevo, dining, shopping, and entertainment are moments away from your door. This property presents a compelling opportunity for investors seeking both stability and upside.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Good
- Year built: 1940
Materials
- Foundation: Raised
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Other
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Heating features: Wall Furnace
Interior Area
- Total interior livable area: 2,012 sqft
Property
Details
- Parcel number: 037032016
- Zoning: R-4
Lot
- Lot size: 2,178 sqft
- Features: Near Public Transit
Parking
- Parking features: On Street
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
- Earthquake
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,087 | $121,044 |
| Home Insurance * | $204 | $2,448 |
| Property Taxes | $1,748 | $20,976 |
| Electricity | $431 | $5,177 |
| Total | $12,470 | $149,640 |
Income You'd Need if You Spent...
California FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-15 | Listed for sale | $1,995,000 |
| 2022-03-08 | Sold | $1,730,000 |
| 2022-01-21 | Pending sale | $1,895,000 |
| 2021-12-15 | Price change | $1,895,000 |
| 2021-09-10 | Listed for sale | $1,945,000 |
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