Two homes on one lot--perfect for multigenerational living or rental income. 740 Walnut Lane offers a flexible layout with a 3-bedroom, 2-bath main residence and a 2-bedroom, 1-bath ADU with a private entrance and beautiful mountain views. The ADU is situated at the rear of the property, offering privacy and ideal separation for guests, tenants, or extended family. The backyard includes a sunlit patio and an array of mature fruit trees, including avocado, apricot, plum, and apple creating a peaceful outdoor retreat. A brand-new electrical panel has been installed and the home features dual pane windows for added comfort. Located minutes from UCSB, top-rated schools, the Magnolia Shopping Center, and with easy access to the Scenic Coast Bike Trail, this property combines location, potential, and versatility. Live in one unit and rent the other, or bring the whole family--there are endless possibilities at 740 Walnut Lane.
For sale
$1,700,000
740 Walnut Ln, Santa Barbara, CA 93111
5beds
2,046sqft
Est.:
Single Family Residence
Built in 1959
6,098.4 Square Feet Lot
$1,674,500 Zestimate®
$831/sqft
$-- HOA
What's special
Mature fruit treesPeaceful outdoor retreatBeautiful mountain viewsDual pane windows
- 48 days
- on Zillow |
- 1,129 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: July 27, 2025 at 09:59am
Listed by:
AMANDA ESPARZA DRE#: 02100833 805-405-2899,
ENERGY WISE REALTY
Source: North Santa Barbara County MLS,MLS#: 25001228

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Lower
Dining room
- Features: In Kitchen, Breakfast Bar
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Garage
Features
- Flooring: Carpet, Wood
- Windows: Double Pane Windows
Interior area
- Total structure area: 2,046
- Total interior livable area: 2,046 sqft
Property
Parking
- Total spaces: 2
- Parking features: Drive Space, Attached
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: Hill/Peak/Mnt
Lot
- Size: 6,098.4 Square Feet
Details
- Additional structures: Guest House, Additional Dwelling Unit
- Parcel number: 065171024
- Zoning description: Residential Single Family
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Green verification: None
- Energy efficient items: None
- Energy generation: None
Community & HOA
HOA
- Has HOA: No
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $831/sqft
- Tax assessed value: $121,185
- Annual tax amount: $2,259
- Date on market: 6/20/2025
- Listing terms: New Loan,Cash
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