331 N Alisos St

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Description

Exceptional multi-unit investment opportunity located in Santa Barbara's sought-after Eastside neighborhood. This Victorian-style four-plex consists of three separate structures, including a three-bedroom, two-bath single-family residence; a duplex featuring a three-bedroom, three-bath unit and a four-bedroom, two-bath unit; and a detached one-bedroom, one-bath unit. The property offers multiple income streams with potential for value enhancement through renovations or reconfiguration, subject to...Exceptional multi-unit investment opportunity located in Santa Barbara's sought-after Eastside neighborhood. This Victorian-style four-plex consists of three separate structures, including a three-bedroom, two-bath single-family residence; a duplex featuring a three-bedroom, three-bath unit and a four-bedroom, two-bath unit; and a detached one-bedroom, one-bath unit. The property offers multiple income streams with potential for value enhancement through renovations or reconfiguration, subject to buyer investigation and applicable approvals. Conveniently situated just minutes from downtown Santa Barbara, beaches, hiking trails, dining, and shopping, the location provides access to a wide range of amenities and coastal lifestyle offerings.
  1. Listed by Michael B Herbert • DRE #02047905 • Douglas Elliman of California, Inc.
    P: (626)-826-3333 C: (626)-826-3333 mikeherbestates@gmail.com

Property Details for 331 North Alisos Street

Zoning
R-2
Zoning:R-2
Yes
Location Info:Cross Street
E Gutierrez St
Property Information:Recurring Fees
No
LISTING UPDATED: 05/23/2026 10:01 AM

Property Details for 331 North Alisos Street

StatusClosed
MLS #26-276
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1930
Lot Size0.39 AC / 16,988 SF
CountySanta Barbara County

Location

Listing Courtesy of Douglas Elliman of California, Inc., Michael B Herbert, DRE #02047905

Sold By Century 21 Masters, Andrew Adler, DRE #01162080

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Building Information for 331 North Alisos Street

Stories2Residences3Year Built1930Building Size-Lot Size0.39 AC / 16,988 SF

Payment Calculator

$9,311 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,720

Property Taxes

$591

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 331 North Alisos Street

Details
Features
  • District: 15 - SB/EAST OF STATE
  • District: 15 - SB/EAST OF STATE
  • Year Built Numeric: 1930
  • Stories: 2
  • Property Information:Stories: 2.0
  • Building Area Total: 0.0
Taxes and HOA Information
  • Parcel Number: 031-371-005
  • Association Fee: $.00
Parking/Garage
  • Parking Features: Garage
  • Parking Info:Gar #1: Yes
Miscellaneous
  • Miscellaneous:Parking Spaces: 4.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: P12
  • Location Info:Walk Score: 93.00
  • Location Info:Bike Score: 77.00
Neighborhood/Schools
  • Elementary School: Franklin
  • Junior High School: S.B. Jr.
  • High School: S.B. Sr.
  • NeighborhoodSchools:Elementary School: Franklin
  • NeighborhoodSchools:Junior High School: S.B. Jr.
  • NeighborhoodSchools:High School: S.B. Sr.
Property / Assessor Information
Property / Assessor Info
  • Foundation Details: Mixed, Other
  • Lot Size Square Feet: 16988.0
  • Lot Size Area: 16988.0
  • Lot Size Acres: 0.39
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Mixed: Yes
  • Foundation:Other: Yes
  • Condition:Fair: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1930.0
Unit Info
Unit Info
  • Number Of Units Total: 3
Unit 1 Info
  • Unit 1:# Units: 4
  • Unit 1:# Bedrooms: 4
  • Unit 1:# Baths: 8
  • Unit 1:# Half Baths: 0
  • Unit 1:Rent: $10,190.00
  • Unit 1:Monthly Total: $2,750.00
Unit 2 Info
  • Unit 2:# Bedrooms: 1
  • Unit 2:Monthly Total: $1,800.00
Unit 3 Info
  • Unit 3:# Bedrooms: $3.00
  • Unit 3:Monthly Total: $2,860.00
Unit 4 Info
  • Unit 4:# Bedrooms: 3
  • Unit 4:Monthly Total: $2,780.00

Property History for 331 North Alisos Street

DateEvent & SourcePriceAppreciation
May 21, 2026

Sold

Santa Barbara AOR #26-276

$1,750,000—
Mar 7, 2026

Pending

Santa Barbara AOR #26-276

—
Jan 25, 2026

Listed (Active)

Santa Barbara AOR #26-276

$2,000,000—
DateEvent & SourcePrice
05/21/2026

Sold

Santa Barbara AOR #26-276

$1,750,000
03/07/2026

Pending

Santa Barbara AOR #26-276

—
01/25/2026

Listed (Active)

Santa Barbara AOR #26-276

$2,000,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 331 North Alisos Street

Taxable ValueLand$419,849Additions$248,198Total$668,047
Tax Record2025$7,093 ($591 / month)
Home Facts
Lot Size16,988 SqFtStyleDuplexCountySANTA BARBARAAPN031-371-005

Schools near 331 North Alisos Street

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Franklin Elementary School
PublicK to 6

Santa Barbara Junior High School
Public7 to 8

Santa Barbara Senior High School
Public9 to 12

Peabody Charter School
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman of California, Inc., Michael B Herbert, DRE #02047905

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.