1634 Elm Ave, Solvang, CA, 93463
About This Home
This rare Solvang investment opportunity features a multi-unit property spanning two streets, offering the flexibility to live in the main home while renting the duplex, or lease all three units for maximum income potential. The main home, located on Elm Avenue, features 2 bedrooms, 1 bathroom, plus an additional bonus room. Charming cottage-style details, a cozy fireplace with a custom mantel, and a fenced side and backyard that includes a large Tuff storage shed. Separately situated on Fir Street, the duplex provides rental income or multi-generational living.Unit A offers 1 bedroom and 1 bathroom.Unit B offers 2 bedrooms and 1 bathroom.The property also includes two 2-car garages with laundry hook-ups in both, complementing its functionality and appeal. All units are separately metered for utilities, enhancing convenience and long-term investment value. Ideally located near schools, parks, shopping, restaurants, and Solvang's renowned wine country attractions, this property offers an exceptional blend of lifestyle, flexibility, and income potential.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Foundation: Raised,Slab
- Roof: Composition
- Construction materials: Wood Siding,Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 1,128
- Total interior livable area: 1,128 sqft
Master Bedroom
- Level: Lower
Property
Details
- Parcel number: 139141008
- Zoning description: Multi-Fam R3
- Special condition: Agent Rel/Princ
Features
- Stories: 2
- Fencing: Fenced Yard
Lot
- Lot size: 7,840 sqft
Parking
- Total spaces: 4
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
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
- Drought
- Earthquake
- Landslide
- Wildfire
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 | $8,318 | $99,816 |
| Home Insurance * | $233 | $2,796 |
| Property Taxes | $1,424 | $17,088 |
| Electricity | $398 | $4,786 |
| Total | $10,373 | $124,476 |
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 |
|---|---|---|
| 2026-06-02 | Listed for sale | $1,645,000 |
| 2024-07-20 | Listing removed | -- |
| 2024-07-15 | Listed for rent | $2,800 |
| 2021-03-24 | Listing removed | -- |
| 2020-02-04 | Listing removed | $2,200 |
| 2020-01-17 | Price change | $2,200 |
| 2020-01-05 | Listed for rent | $2,300 |
| 2015-11-03 | Sold | $850,000 |
| 2015-09-12 | Listed for sale | $850,000 |
| 1998-07-01 | Sold | $169,000 |
For Sale by Agent
View on Zillow