CA > Santa Barbara > 15 - San Roque
Santa Barbara, CA 93015,3737-3739 San Remo DR Drive
Santa Barbara, CA 93015,3737-3739 San Remo DR Drive
Santa Barbara, CA 93015,3737-3739 San Remo DR Drive
Santa Barbara, CA 93015,3737-3739 San Remo DR Drive
Santa Barbara, CA 93015,3737-3739 San Remo DR Drive
Santa Barbara, CA 93015,3737-3739 San Remo DR Drive
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$ 1,749,000
Est. payment | /mo

2,116 SqFt

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$ 1,749,000
Est. payment | /mo
Save

2,116 SqFt

Open House

Sun Jan 18, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,116 sqft

Price per Sqft $826

Subdivision 15 - San Roque

MLS Listing ID 26-29

Year Built 1966

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 5227.0

Source Santa Barbara Multiple Listing Service

Property Description

Rare San Roque duplex in a prime, walkable location near State Street, La Cumbre Plaza, shopping, and restaurants. Meticulously maintained by the same family for over 48 years, this turnkey property features two single-level homes with stunning panoramic mountain views. The lower unit is a 3-bedroom, 2-bath residence offering approximately 1,244 sq. ft., currently rented for $4,150 per month, with direct access to a one-car garage and in-unit laundry. The upper single-level 2-bedroom, 2-bath unit is vacant, with projected rents of $3,595 per month and laundry located in a separate one-car garage. Both units offer newer appliances, wood-like laminate flooring, and Milgard dual-pane windows installed in 2018. A roof tune-up was completed in 2025, and the driveway was recently slurry coated. Parking includes two single-car garages plus a single-car carport. Located within the highly desirable Monte Vista Elementary and La Colina Junior High School attendance areas. Ideal for investors or owner-occupants seeking rental income and owner-occupied financing in one of Santa Barbara's most sought-after neighborhoods. Duplexes in San Roque are rarely available, making this a unique opportunity. Smaller duplex next door with two 2b/1.5b units and no garages sold recently. The negotiated sales price was $1,715,000 (Gross Rent Multiplier: 20.4) and final sales price was $1,706,600 because of a credit for a new sewer lateral. The Gross Rent Multiplier for this property is 18.8 making it a more attractive investment. The sellers only pay 15% of the trash, sewer, and water bill and the tenants pay the remainder of the bill.

Location

State CA

County Santa Barbara

Community 15 - San Roque

Interior

Heating Radia, Elec

Laundry In Unit

Exterior

Parking Features Garages, Uncovered, Gar #2, Cpt #1, Unc #1, Interior Access

Garage Spaces 2.0

Total Parking Spaces 2

Garage Yes

Building

Lot Description Near Public Transit

Foundation Slab

New Construction No

Others

Tax ID 053-211-002

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

Listed by Village Properties - 1
Lorena Regalado

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 403-1270

lorena@home-ed.co

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3737-3739 San Remo DR Drive