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103 E MICHELTORENA ST Santa Barbara CA 93101

[Locked] • APN 027-241-015

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Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Single Family Rental Portfolio (+1)
Building SqFt 3,085
Lot SqFt 9,526
Acreage ******
Zoning Code O-R
Year Built 1920
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******
Lender Name ******
Tax Year ******
Tax Land ******

Property History

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Property Type
Property Type
Office
Property Subtype
Executive Office
Marketing Description
This property’s unique availability makes it perfect for owner-users, residential developers, or commercial tenants. It presents a rare chance to acquire a piece of Santa Barbara’s historic downtown with exceptional development potential. Possible uses include residential conversion, boutique hotel development, or commercial occupancy by an owner-user.
Investment Highlights
  • Offering Price: Undisclosed
  • Square Feet: ±3,085
  • Extensive Lot Size: ±9,583 square feet with opportunities for landscaped gardens, patios, and outdoor living spaces
  • Zoning: O-R - Mixed Use (Residential/Commercial); Potential single family home or multi-family income opportunity
  • On-Site Parking: 8 spaces
  • Historical Value: Original location of Pitts & Bachmann Realty, a cornerstone in Santa Barbara real estate history
  • Historic Spanish Colonial Revival Architecture: Timeless charm with the potential for luxurious single-family living
  • Ideal Location: steps from state street, dining, parks, and entertainment, with a Walk Score of 94
  • INVESTMENT OPPORTUNITY AND USE CASES:
  • Luxury Single-Family Estate: Reimagine this historic property as an elegant, custom designed single-family residence. With its timeless architecture, prime location, and onsite parking, this property offers the rare chance to create an exclusive home in the heart of Santa Barbara.
  • Multifamily or Short-Term Rentals: Capitalize on the strong demand for high-end apartments or short-term rental units in this sought-after market. The downtown setting and flexibility make it ideal for residential conversion, subject to local regulations.
  • Owner-User Opportunity: Now vacant and ready for immediate use, this property offers an unmatched opportunity for an owner-user to occupy and tailor the space to their needs. The versatile layout lends itself to a variety of professional or commercial applications, all within a prestigious downtown Santa Barbara location that enhances visibility and accessibility.
  • Boutique Hotel Concept: Convert this iconic property into a boutique hotel to tap into Santa Barbara’s thriving tourism industry. Its architectural character and central location are perfectly suited to attract affluent travelers seeking a distinctive lodging experience.
  • Commercial Tenant Potential: For investors, this property’s central location and accessibility position it as an excellent option for high-end professional services, boutique retail, or other commercial uses allowed under local zoning. The downtown address ensures consistent demand from tenants seeking premier spaces.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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O-R CommercialOfficeOffice Restricted
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View all 91 uses
View all 91 uses
Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Listing removed on
 BY:
GH
Greg Herz PRO
•••.•••.6600
••••herz@••••••.com
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Comparable Properties

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Rental Market Overview

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Santa Barbara, CA median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Santa Barbara, CA (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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