1228 Olive Street

Santa Barbara CA 93101

860 sq. ft.

4356 sq. ft.

Single-Family

Last sold for $1,536,000

Bret Lewis, last sold this property on 06 August 2026 after 63 days on market.

Overview

Tucked onto a quiet, olive-tree-lined stretch of Santa Barbara's Lower Riviera, on the edge of the storied Bungalow Haven district, this beautifully reimagined 1925 cottage blends timeless Spanish character with a thoughtful, top-to-bottom renovation. Just east of State Street and an easy stroll to downtown shops and restaurants, Alameda Park, Alice Keck Park Memorial Garden, and the Mission, this is the kind of home that lets you live the Santa Barbara lifestyle the moment you set down your bags. Offering approximately 860 square feet of 2-bedroom, 2-bathroom living on a roughly 4,356 square foot lot, the home has been extensively updated with the Spanish architecture preserved. Step inside to a new kitchen with custom cabinets, new countertops, and tile backsplash; two remodeled bathrooms with new tile, vanities, toilets, faucets, and glass shower doors; new flooring, mouldings, and lighting throughout; and a tiled fireplace that anchors the living space with cozy character. Systems updates include electrical rewire, updated PEX plumbing, new AC, new tankless water heater, electrical panel upgrade, and new washer and dryer. Foundation work has been completed. Outside is where this home truly invites you to linger. A new pergola, two custom decks, and custom eyebrow pergolas over the front windows and rear slider create inviting spaces to gather, unwind, and soak in the coastal air. Fresh landscaping, new stucco, a new roof, new windows, and new front and back fencing give the home undeniable curb appeal, while custom-finished and painted front rockwork adds a distinctive welcome. A permitted rec room sits behind the finished one-car garage -- drywalled, wired, and epoxy-coated with a new garage door -- offering flexible space for a studio, office, or quiet retreat. The epoxy-coated driveway provides parking for up to four cars, a rare and valuable find this close to downtown. Seller is offering a 2-1 rate buydown with an acceptable offer -- significantly lower your payments for the first two years. Move-in ready and full of heart, this is a special opportunity to own a lovingly renovated piece of the Lower Riviera, one of Santa Barbara's most walkable, characterful neighborhoods.

Features

2 bedrooms

2 bathrooms

860 sq. ft. floor area

4356 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Santa Barbara over the last 12 months, the estimated median property value of 1228 Olive Street is $1.48m.

Median value

$1.48m

Estimated value range

$1.02m - $3m

Median days on market

Estimated value trend

20%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Santa Barbara. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.