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 Obern 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 - Call your Realtor to set up a showing today!
MLS #
CRSC25135435
MLS Source
California Regional MLS
Days on Site
28
Bedrooms
Ground Floor Bedroom
Appliances
Oven - Gas, Refrigerator
Fireplace
None
Flooring
Bamboo
Laundry
In Garage
Cooling
None
Heating
Central Forced Air
Roof
Composition
Foundation
Slab
Pool
None
Garage/Parking
Attached Garage, Garage, Other, Garage: 2 Car(s)
Elementary District
Goleta Union Elementary
HOA Fee
$0
Zoning
7-R-1
740 Walnut Ln is a Single Family Residence in Santa Barbara, CA 93111. This 2,046 square foot property sits on a 6,098 Sq Ft Lot and features 5 bedrooms & 3 full bathrooms. It is currently priced at $1,700,000 and was built in 1959.
This address can also be written as 740 Walnut Ln, Santa Barbara, CA 93111.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of July 07, 2025. For the most current information, please contact Amanda Esparza, (805) 405-2899