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
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
Listing Provided Courtesy of Evan Lash at Grand Avenue Real Estate
Property Details
Price:
$2,095,000
MLS #:
26001160
Status:
Active
Beds:
0
Baths:
4
Type:
Single Family
Subtype:
Business
Neighborhood:
38santaynezvalley
Listed Date:
Jun 13, 2026
Total Sq Ft:
2,273
Lot Size:
6,970 sqft / 0.11 acres (approx)
Year Built:
1928
See this Listing
Schools
Interior
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Window/Wall Unit
Heating
Electric, Forced Air
Exterior
Community Features
Sidewalks
Construction Materials
Other, Wood Siding
Lot Features
Corner
Roof
Concrete, Fiberglass
Stories
1
Financial
Map
Community
- Address393 Alisal Road Solvang CA
- CitySolvang
- CountySanta Barbara
- Zip Code93463
Market Summary
Current real estate data for Single Family in Solvang as of Jul 29, 2026
73
Single Family Listed
123
Avg DOM
$2,090,070
Avg List Price
Property Summary
- 393 Alisal Road Solvang CA is a Single Family for sale in Solvang, CA, 93463. It is listed for $2,095,000 and features 0 beds, 4 baths, and has approximately 0 square feet of living space, and was originally constructed in 1928. The average listing price for Single Family in Solvang is $2,090,070. To schedule a showing of MLS#26001160 at 393 Alisal Road in Solvang, CA, contact your JoAnn Outland Real Estate agent at 18054415574.
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