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2870 Holly Rd
Santa Barbara, CA 93105
2870Holly.com · Multifamily Property For Sale · 2 Units

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INVESTMENT HIGHLIGHTS

  • Views
  • Excellent Condition
  • Potential 1 acre lot split
  • Privacy
  • Permit in Process for ADU

EXECUTIVE SUMMARY

Experience world-class views and extraordinary privacy: this Mediterranean Modern is elegantly sited on a 1.93 acre knoll top just minutes to downtown Santa Barbara. Featuring 3 beds 3 baths with approx. 2,600 sq ft of beautifully upgraded living space, expansive decks, and huge picture windows showcasing panoramic ocean, mountain, and city vistas. Recent updates include a private elevator, roofing, triple pane windows, HVAC, flooring, solar panels, dual backup batteries etc. A sleek kitchen featuring Wolf cooktop opens to a spacious dining area, perfect for entertaining. The south-facing primary suite features a spa-like bath & wraparound deck perfect for soaking in the morning light & coastal breeze. There is a large garage w plenty of storage. A 749 sq ft ADU permit in process. A potential split of the lot per SB9 would create a 1 acre view parcel. Fabulous location near Inspiration Point Trailhead & SB Botanic Gardens; just 1.7 Miles Santa Barbara Tennis Club with its Courts, Pool, & Gym | 2.3 Miles to Old SB Mission | 3.5 Miles to Arlington Theatre | 10 miles to Airport

PROPERTY FACTS

Price Per Unit $1,857,529 CAD
Sale Type Investment
Cap Rate 3.10%
Sale Condition 1031 Exchange
No. Units 2
Property Type Multifamily
Apartment Style Single-Family Home
Building Class B
Lot Size 1.93 AC
Building Size 2,600 SF
No. Stories 2
Year Built/Renovated 1988/2025
Parking Ratio 0.77/1,000 SF
Zoning E-1

AMENITIES

SITE AMENITIES

  • Roof Terrace
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 1 - 2,600
1+1 1 - 749
  • Listing ID: 35593984

  • Date on Market: 2025-04-22

  • Last Updated:

  • Address: 2870 Holly Rd, Santa Barbara, CA 93105

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