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4025 State St #40
B Composite 72.54
Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +28.0/30.0
  • DSCR +9.9/10.0
  • 1% rule +7.7/10.0
  • ARV discount +7.5/15.0
  • Appreciation +7.0/10.0
  • Schools +5.0/10.0
  • Rent growth +2.5/5.0
  • Livability +2.5/5.0
  • Condition / age +2.5/5.0

$399,000

4025 State St #40 · Eastern Goleta Valley, CA 93110
2 bd · 2.0 ba · 1,344 sqft · Other · 43 Days on market
Built 1973 1,742 sqft lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

Key facts

  • Fenced rear garden
  • Breakfast bar
  • 1,742 sq ft lot

Tags

LUXURY-PLANK VINYL FLOORINGNEW KITCHEN COUNTERTOPSSPACIOUS SUNNY REAR DECKFENCED REAR GARDENEXTRA STORAGE WITH TWO SHEDSBREAKFAST BAR

Property features AI

Finance

  • Other: Pets allowed (with limitations)
  • HOA & community: Community association with amenities; Clubhouse; Guest parking; RV/boat storage; Association covers property management and common area maintenance

Exterior

  • Parking: Carport
  • Utilities: Municipal water (Goleta)
  • Home design: Single-story double-wide mobile home; Entry/placement within a 74-building community
  • Construction: Diamond manufactured home; Composition roof; Other foundation
  • Exterior features: Shed(s); Level lot; Near public transit; Mountain and setting views

Interior

  • Kitchen: Refrigerator; Gas range; Dishwasher; Disposal; Microwave
  • Flooring: Laminate flooring; Carpet
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Forced air heating; Ceiling fans
  • Interior features: Accessible approach with ramp; Updated/remodeled condition; Good condition; Dining area; Breakfast bar
  • Laundry & utility: Laundry room; Washer; Dryer; 220V electrical outlet; Gas hookup

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath other listed at $399k.

Deal economics

  • At list price, monthly cash flow is $1k ($15k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($5k rent vs $399k).
  • Recommended offer: $387k (3.0% below list) — sets the bar for market timing.
  • Cap rate 10.0% vs local median 1.2% in Eastern Goleta Valley — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
  • Market conditions: 49 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 719 units permitted in Santa Barbara County in 2024 (217 in 5+ unit buildings).
  • At $5,058/mo this rent would consume 47% of the median local household income ($129k/yr) (locally 415% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $19k of equity ($3k loan paydown + $16k appreciation (4.0% local appreciation)).
  • Santa Barbara County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (4.0% appreciation + 3.0% rent growth), your $112k cash investment doubles in ~4 years — after that, you're playing with house money.
  • By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 43 days — a 3% lower offer ($387k) is reasonable based on typical stale-listing flexibility.
  • 9 sale attempts since 21y ago; this cycle's ask has dropped $76k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $312k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 9→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $387,030 (3.0% below list)

Questions for the listing agent

  1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.27%
Cap rate
10.02%
Cash-on-cash
13.30%
DSCR
1.59
GRM
6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.96% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
22.1%
Equity multiple
2.32×
Total profit
$147,551
Equity at exit
$201,276
10-year hold
IRR
22.4%
Equity multiple
4.50×
Total profit
$390,534
Equity at exit
$328,389

Cash invested: $111,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
18 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City
— inherits STATE
AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

ZIP-level market 93110

Home prices YoY
1.2%
Active inventory
49
Price-to-rent
6.6×

Monthly cashflow live

Estimated rent
$5,058 high interval (Pro) →
Mortgage (P&I)
$2,092
Tax est. 1.5%
$499 /mo · $5,985/yr
Insurance
$166
HOA
$0
Vacancy / Maint / Mgmt
$1,062
Net cashflow
$1,238

Break-even live

Break-even rent $3,490
Max offer price $399,000
Occupancy floor 71%

Sensitivity live

Price -10% $1,514 -5% $1,376 +0% $1,238 +5% $1,100 +10% $962
Rent -10% $839 -5% $1,038 +0% $1,238 +5% $1,438 +10% $1,638
Rate -1.0pp $1,439 -0.5pp $1,340 base $1,238 +0.5pp $1,135 +1.0pp $1,029

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$99,750
Closing costs
$11,970
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 7 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
30 La Cumbre Cir Santa Barbara, CA 2.0 2.0 1092 $4,400 $4.03 14d 1 0.75mi
4099 Foothill Rd Santa Barbara, CA 2.0–3.0 1.5–2.5 1450 $4,200 $2.90 15d 2 0.85mi
4120 Via Andorra Unit A Santa Barbara, CA 3.0 2.5 1456 $5,950 $4.09 24d 1 1.07mi
1337 Plaza Pacifica Santa Barbara, CA 2.0 2.5 1686 $15,900 $9.43 14d 1 1.25mi
1337 Plaza Pacifica Santa Barbara, CA 2.0 2.5 1686 $16,400 $9.73 24d 1 1.25mi
277 Canon Dr Santa Barbara, CA 3.0 3.0 1710 $12,000 $7.02 14d 1 1.32mi
4632 Tajo Dr Santa Barbara, CA 3.0 2.0 1251 $5,150 $4.12 15d 1 1.49mi

Listing history 50 events

  1. 2026-06-21
    days on market $399,000 Active 43 DOM
  2. 2026-06-18
    days on market $399,000 Active 40 DOM
  3. 2026-06-17
    days on market $399,000 Active 39 DOM
  4. 2026-06-16
    days on market $399,000 Active 38 DOM
  5. 2026-06-15
    days on market $399,000 Active 37 DOM
  6. 2026-06-14
    days on market $399,000 Active 35 DOM
  7. 2026-06-10
    days on market $399,000 Active 32 DOM
  8. 2026-06-09
    days on market $399,000 Active 31 DOM
  9. 2026-06-08
    days on market $399,000 Active 30 DOM
  10. 2026-06-07
    days on market $399,000 Active 29 DOM
  11. 2026-06-03
    days on market $399,000 Active 25 DOM
  12. 2026-06-02
    pricedays on market $399,000 Active 24 DOM
  13. 2026-06-01
    days on market $450,000 Active 23 DOM
  14. 2026-05-31
    days on market $450,000 Active 22 DOM
  15. 2026-05-30
    days on market $450,000 Active 21 DOM
  16. 2026-05-19
    price $450,000
  17. 2026-05-09
    listed $475,000 Active
  18. 2026-05-06
    historical
  19. 2026-04-29
    listed $475,000 Active
  20. 2023-10-26
    soldstatus $312,000 Closed 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  21. 2023-10-26
    soldstatus $312,000 Closed Sale
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  22. 2023-10-21
    status Pending Sale
  23. 2023-09-18
    historical Active Under Contract
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  24. 2023-09-18
    status Pending 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  25. 2023-09-04
    price $322,949 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  26. 2023-09-03
    price $322,949
  27. 2023-08-25
    price $322,954 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  28. 2023-08-25
    price $322,954
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  29. 2023-08-18
    price $322,959 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  30. 2023-08-18
    price $322,959
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  31. 2023-08-10
    price $322,964 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  32. 2023-08-10
    price $322,964
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  33. 2023-08-04
    price $322,969 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  34. 2023-08-04
    price $322,969
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  35. 2023-07-28
    price $322,974 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  36. 2023-07-28
    price $322,974
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  37. 2023-07-20
    price $322,979 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  38. 2023-07-20
    price $322,979
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  39. 2023-07-14
    price $322,984 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  40. 2023-07-14
    price $322,984
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  41. 2023-07-06
    price $322,989 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  42. 2023-07-06
    price $322,989
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  43. 2023-06-30
    price $322,994 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  44. 2023-05-05
    listed $322,999 Active 612-char remark
    Show marketing remark (612 chars)

    Brand new flooring just installed and a fresh coat of paint in beds and hall bath. Lowest list price in this park. A once-in-a-lifetime opportunity to live in Santa Barbara for space rent of $560.55. Can you picture yourself in Santa Barbara in this 55+ community with a short drive to all that Santa Barbara has to offer, ocean, shopping, downtown, and more? Views of the mountains from the back deck and the kitchen window. This home has 2 beds and 2 full baths with yard space and fencing. Parking for 2 cars in the carport and 2 storage units in the side yard. You won't find opportunities like this often.

  45. 2023-05-01
    historical
  46. 2023-04-14
    price $322,999
  47. 2023-04-14
    price $322,999
  48. 2023-03-31
    price $323,000
  49. 2023-03-31
    price $323,000
  50. 2023-03-03
    status Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 5/10 Major
  • 🌡 Heat 6/10 Major 9 d/yr ≥84°F today · 25 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 6/10 Major 10 unhealthy d/yr today · 10 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$60,691
− Mortgage interest
−$22,350
− Property taxes
−$5,985
− Insurance
−$1,995
− Repairs & maintenance
−$4,855
− Management
−$4,855
− Depreciation
−$11,607
Taxable income
$9,043
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,170
After-tax cash flow
$12,687/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Eastern Goleta Valley

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

Census place
Eastern Goleta Valley, CA
County
Santa Barbara County · 410,380 people
City population
34,619
Metro
Santa Maria-Santa Barbara, CA
Population (ZIP)
15,436
Household income
$129,209
Rent vs Own
36.3% rent · 63.7% own
Severe rent burden
415.0

Population outlook (Santa Barbara County) Hauer SSP2

Today (2025)
484,679 people
By 2030
505,323 · +4.3%
By 2040
545,783 · +12.6%
By 2050
584,263 · +20.5%
By 2075
682,586 · +40.8%
By 2100
723,188 · +49.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.56)
Race & ethnicity
White 59% Hispanic / Latino 32% Two or more races 14% Asian 5% Black 1%
Hispanic origin (detail)
Mexican 25%
Common ancestry
Italian 3% Romanian 3% Lithuanian 2%
Foreign-born
17% · Canada, China
Languages at home
76% English-only · Spanish 17% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Santa Barbara

2024 margin
Strong D (+26.7) · D 61.8% · R 35.1% · Other 3.1%
2008→2024 swing
+3.8pp toward D · 2008: 22.9pp · 2024: 26.7pp
All cycles
2024: D+26.7 2020: D+32.1 2016: D+28.2 2012: D+17.1 2008: D+22.9

Not yet ingested

Civics

Market trends

HPI YoY
▲ 3.96%
Current HPI
323.0805
Rent YoY
Metro
Santa Maria-Santa Barbara, CA
State GDP YoY
▲ 3.21%
F500 in state
116

Industry mix (Fortune 500 HQ in CA)

Industry F500 HQs Revenue

Price history

+138.1% since first listed
48 events — show timeline
  • 2026-05-19 Price Changed $450,000 SBMLS
  • 2026-05-09 Listed $475,000 SBMLS
  • 2026-05-06 Listing Removed SBMLS
  • 2026-04-29 Listed $475,000 SBMLS
  • 2023-10-26 Sold (MLS) $312,000 CRMLS
  • 2023-10-26 Sold (MLS) $312,000 SBMLS
  • 2023-10-21 Pending CRMLS
  • 2023-09-18 Contingent CRMLS
  • 2023-09-18 Pending SBMLS
  • 2023-09-04 Price Changed $322,949 SBMLS
  • 2023-09-03 Price Changed $322,949 CRMLS
  • 2023-08-25 Price Changed $322,954 SBMLS
  • 2023-08-25 Price Changed $322,954 CRMLS
  • 2023-08-18 Price Changed $322,959 SBMLS
  • 2023-08-18 Price Changed $322,959 CRMLS
  • 2023-08-10 Price Changed $322,964 SBMLS
  • 2023-08-10 Price Changed $322,964 CRMLS
  • 2023-08-04 Price Changed $322,969 SBMLS
  • 2023-08-04 Price Changed $322,969 CRMLS
  • 2023-07-28 Price Changed $322,974 SBMLS
  • 2023-07-28 Price Changed $322,974 CRMLS
  • 2023-07-20 Price Changed $322,979 SBMLS
  • 2023-07-20 Price Changed $322,979 CRMLS
  • 2023-07-14 Price Changed $322,984 SBMLS
  • 2023-07-14 Price Changed $322,984 CRMLS
  • 2023-07-06 Price Changed $322,989 SBMLS
  • 2023-07-06 Price Changed $322,989 CRMLS
  • 2023-06-30 Price Changed $322,994 SBMLS
  • 2023-05-05 Listed $322,999 SBMLS
  • 2023-05-01 Listing Removed SBMLS
  • 2023-04-14 Price Changed $322,999 SBMLS
  • 2023-04-14 Price Changed $322,999 CRMLS
  • 2023-03-31 Price Changed $323,000 SBMLS
  • 2023-03-31 Price Changed $323,000 CRMLS
  • 2023-03-03 Relisted CRMLS
  • 2023-02-25 Relisted SBMLS
  • 2023-02-02 Contingent CRMLS
  • 2023-01-31 Pending SBMLS
  • 2023-01-06 Price Changed $333,750 SBMLS
  • 2023-01-06 Price Changed $333,750 CRMLS
  • 2022-10-29 Listed $338,750 CRMLS
  • 2022-10-28 Listed $338,750 SBMLS
  • 2007-05-25 Sold (MLS) $207,500 SBMLS
  • 2007-04-19 Listing Removed SBMLS
  • 2007-03-28 Listed $215,000 SBMLS
  • 2005-02-25 Sold (MLS) $189,000 SBMLS
  • 2005-01-25 Listing Removed SBMLS
  • 2005-01-19 Listed $189,000 SBMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…