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4 Baths
2,273 sqft

$1,985,000

393 Alisal Road, Solvang CA, 93463

Price per sqft$873.30
Built in1928
Property size2,273 sqft
Property typeOther
Courtesy of Evan Lash, Grand Avenue Real Estate

Overview

Active

Listed Jun 13, 2026

Updated 11 days ago

Exceptional Investment & Development Opportunity in the Heart of Solvang Rarely does a property offering this level of flexibility, income potential, and prime location come to market. This unique offering includes two contiguous legal parcels totaling four separate dwellings, extensively remodeled in 2023 and ideally situated on a highly visible corner in downtown Solvang within the City's desirable Village Mixed Use (VMU) zoning district. The first parcel, 393 Alisal Road (APN: 139-214-002), features a charming 2-bedroom, 1-bath residence and a detached 1-bedroom, 1-bath studio, both currently operating as successful short-term vacation rentals. The second parcel, 1688 Oak Street (APN: 139-214-001), includes a 1-bedroom, 1-bath residence currently leased as a long-term rental, along with a separate 1-bedroom, 1-bath studio operating as a short-term vacation rental. With four income-producing units spread across two legal lots, this property presents a rare opportunity for investors, owner-users, or developers seeking multiple revenue streams and future flexibility. The Village Mixed Use (VMU) zoning allows for a wide range of potential residential, commercial, and mixed-use applications, making this an attractive long-term asset on a highly visible Solvang corner. All seller-owned furnishings are included in the sale, providing a turnkey opportunity for continued rental operations. Please do not disturb tenants

$13,206/mo

Est. mortgage payment based on a $1,985,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26001160

Interior Features

Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Listed by Grand Avenue Real Estate, Evan Lash,
Listing Contact: 805-450-9596 

© 2026 by the following Associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved.

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