For sale Home/Estate

Listed Oct 26, 2026

$1,950,000 Est. $12,897/mo

223 West Arrellaga Street

  • 5

    Beds

  • 5

    Baths

  • 2,814

    Sq ft

The story

Classic Santa Barbara Craftsman triplex presenting a rare multi-unit opportunity in a coveted downtown corridor just blocks from State Street. The property features a prime unit mix consisting of a two-story 2BD/1.5BA residence, an upstairs 2BD/1.5BA unit, and a ground-floor 1BD/1.5BA unit. Timeless architectural details such as covered porches and character-rich framing pair seamlessly with extensive recent capital improvements, including a new roof, new skylights, fresh exterior wood repair and paint, updated lighting, new rear divider fencing, and refreshed grounds. A standout feature is the rare inclusion of two separate one-car garages with reinforced framing, and additional off-street potential. Ideal for an owner-user looking to offset carrying costs with premium rental income or .. an investor seeking turnkey downtown rental stock with private yard space and strong long-term upside.

Facts & features

Home type

Home/Estate

Year built

1903

Price per sq ft

$693

Parking

2-car garage

Included features

  • Flooring

    Carpet, Tile

  • Roof

    Composition

  • Lot Information

    Near Public Transit

  • Water Source

    S.B. Wtr

Mortgage calculator

Estimated monthly payment

$12,897 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $10,379
  • Property tax $1,950
  • Insurance $569

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Berkshire Hathaway HomeServices California Properties

Broker Name

Berkshire Hathaway HomeServices California Properties

Agent

The Santa Barbara Group