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15 W Islay Street, 
Santa Barbara, CA 93101

$2,295,000

—

Bed

—

Bath

3,453

Sq Ft

Multi-Family

Active

Listed by

Steven J Golis

Radius Group Commercial R.E.

Last updated:

September 2, 2025, 06:53 PM

MLS#

25-3289

Source:

SBAOR

About This Home

15 W Islay Street

Opportunity to Own a Prime SB Multi-Family Asset w/ Major Upgrades & Future Value-Add Potential. 15 W. Islay St. features a 1920s duplex w/ (2) 1BD/1BA units & a 1963 triplex w/ (1) 2BD/1BA + (2) 1BD/1BA units, w/ upstairs tenants enjoying a shared balcony. Ideally located between Downtown & Upper State, residents benefit from easy freeway access & nearby shopping, dining & entertainment. Substantial recent upgrades provide a well-maintained asset in a strong rental market. Added value exists through rental upside & the City's ADU program. Current ownership has submitted plans to convert the carport into a Jr. ADU, plus potential for 2 detached ADUs at the rear.

Home Facts

Multi-Family

Built in 1920

Price Summary

2,295,000

$664 per Sq. Ft.

MLS #:

25-3289

Last Updated:

September 2, 2025, 06:53 PM

Added:

11 day(s) ago

Rooms & Interior

Interior

Living Area:

3,453 Sq. Ft.

Structure

Structure

Year Built:

1920

Lot

Lot Size (Sq. Ft):

7,405

Finances & Disclosures

Finances

Price:

$2,295,000

Price per Sq. Ft:

$664 per Sq. Ft.

Source:SBAOR
Based on information from the Santa Barbara MLS as of September 13, 2025 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.