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About this home
16 bedrooms one block to SBCC and close to the beach. These 4 bedroom, 1.5 bath units were completely remodeled in 2013. New driveway was installed less than a year ago. All units have in unit washers and dryers. All units are on one year leases. Each unit is currently rented out as a single tenancy. Renting by the room or by the bed could generate additional income.
Multi-familyProperty Type
7,405 sq ftLot Size
Listed by Michael Manasse•DRE #00715921• Keller Williams Realty Santa Barbara
Lower West, located between State Street and the Santa Barbara waterfront, is a residential and coastal Santa Barbara neighborhood with a walkable grid and ocean-breeze streetscapes. The neighborhood’s character concentrates around the State Street and West Gutierrez Street corridor, where coffee counters, small galleries, and low-key eateries set a steady daytime hum. Spanish Colonial Revival cottages and compact bungalows mix with updated small apartment buildings, keeping the streets visually varied. The Funk Zone’s tasting rooms and art spaces sit at the edge, adding an industrial-creative note. The Santa Barbara Harbor and Shoreline Park frame daily routines with paths, palms, and wide water views. Downtown theaters and museums remain close, while side streets stay calm and residential.
Provided by Walk Score and Local Logic
Market insights
415 Rancheria St · $3,950,000
DAYS ON MARKET
214 days
The average home goes pending in 60 days.
SALE-TO-LIST
95.5%
Most homes are selling 5% below list price.
LIST PRICE
$3,950,000
Median list price in this area is $1,060,037. (73% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Four 4-bedroom units total (each unit has 4 bedrooms)
Each unit includes 2 full baths and 1 half bath
Bedrooms
Each unit has 4 bedrooms
Bathrooms
Each unit has 2 full bathrooms and 1 half bathroom
Exterior features
Located near Gutierrez (cross street)
Zoned R-4
Home design
Two-story building
Multi-unit property (4 units)
Financial info
Each unit listed with rent of $6,000 per month
Some units are available for lease; units indicated as leased where noted
Other
Property address: 415 Rancheria St, Santa Barbara, CA 93101
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment opportunity and monthly rental income. Conveniently located close to City College, beach, harbor and downtown, this property consists of four units (each with 4 bedroom and one and a half baths) each with own interior laundry. Approximately six off-street parking spaces. Total current monthly rent is approximately $8,375.
Year
Property tax
Land + Additions
Assessment*
2025
$16,275 (+1.7%)
$816,431 + $753,629
$1,570,060
2024
$15,997 (+1.8%)
$800,423 + $738,852
$1,539,275
2023
$15,707 (+1.7%)
$784,729 + $724,365
$1,509,094
2022
$15,437 (+2.3%)
$769,343 + $710,162
$1,479,505
2021
$15,083 (+1.0%)
$754,258 + $696,238
$1,450,496
2020
$14,927 (+1.8%)
$739,469 + $682,587
$1,422,056
2019
$14,667 (+1.4%)
$731,887 + $675,588
$1,407,475
2018
$14,460 (+3.4%)
$717,537 + $662,342
$1,379,879
2017
$13,983 (+2.3%)
$689,675 + $636,623
$1,326,298
2016
$13,664 (+1.1%)
$689,675 + $636,623
$1,326,298
2015
$13,515 (+1.7%)
$676,152 + $624,141
$1,300,293
2014
$13,293 (+334.5%)
$652,951 + $602,724
$1,255,675
2013
$3,059 (+4.2%)
$652,951 + $602,724
$1,255,675
2012
$2,936 (+2.3%)
$90,151 + $189,337
$279,488
2011
$2,870 (+0.7%)
$88,384 + $185,625
$274,009
2009
$2,851 (+3.9%)
$86,004 + $180,626
$266,630
2008
$2,743
$84,519 + $177,506
$262,025
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
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Total Sq. Ft.
—
Year built
—
Style
Other
County
Santa Barbara County
APN
037180017
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 17, 2026.
R-MH
Residential Multi-Unit And Hotel District
This zone is intended to provide areas for a variety of multi-unit housing types. It is also the intent of this zone to allow hotels and similar establishments, including related restaurant, recreational, conference center, and other auxiliary uses primarily for use by hotel guests, while protecting the existing housing stock, and preserving the residential character of those neighborhoods that are still primarily residential. Regulations for this zone are designed to control activities of a retail nonresidential nature and those which would tend to be inharmonious with housing.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Hotel / motel
Mar 1, 2019 • Final
Historic permits
Remove the existing roof and replace it with new shingles.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 84° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Santa Barbara, CA • 93101
Average low and high temperatures (°F)
67
49
67
51
68
53
67
52
68
55
70
57
72
58
77
62
75
61
73
58
66
53
67
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 415 Rancheria St
$3,685,113
$265K under list price of $3.95M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $2.1M to $3.9M.