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


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 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.93 AC |
| Cap Rate | 3.10% | Building Size | 2,600 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1988/2025 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | E-1 | ||
| 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 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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