**Attention Investors, Contractors, Geologists, and Engineers!** What You Need To Know: In February 2024, a localized landslide occurred at 1037 Las Alturas. Experts believe the damage was primarily due to poor maintenance and improper drainage on that property. The landslide resulted in significant damage to 1037, including the destruction of the house. While most of the slide affected 1037, it did impact the eastern corner of 1105 Las Alturas. The structure and foundation at 1105 Las Alturas sustained only minimal damage. Built in 2010, the property features a foundation supported by piles and caissons. The foundation experienced slight movement and cracks in the foundation wall, with most of the damage concentrated in the eastern portion of the land. Experts suggest that adding one to three additional caissons, repairing the foundation wall, and constructing a retaining wall on the east side would likely stabilize the soil and resolve the issue. The current owners purchased 1105 Las Alturas in April 2021 for 4,650,000 dollars and have since invested over 1 million dollars in a high-quality renovation. Before the landslide, the property was valued at nearly 6 million dollars. Now listed at 2,995,000 dollars with repair cost opinions estimated between 500,000 and 1 million dolla

Listing courtesy of BRIDGE / Keller Williams Realty Santa Barbara

Last checked: Checking… • Last updated Sep 20, 2024 • Source: BRIDGE

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