$2,920,500
$3,375,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 06/17/2021
Key Details
Sold Price $2,920,500
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21-775
Sold Date 06/17/21
Year Built 1925
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 14810.0
Source Santa Barbara Multiple Listing Service
Property Description
Excellent opportunity to acquire a fully rented, cottage style 7-unit complex with upside rent potential! Located in downtown Santa Barbara just two blocks from State Street and Paseo Nuevo Mall. Excellent location, with a walk score of 94 (and a bike score of 99), close to restaurants and a short distance to the beach, pier and Funk Zone. This beautiful bungalow courtyard property consists of a Craftsman home four-plex plus three separate cottages. The main house consists of (2) 2BD/1BA; (1) 1 BD/1BA,; 3BD/2BA; Cottage #1: 1 BD/1BA, Cottage #2: 2BD/1BA; Cottage #3: 1BD/1BA.
The three cottages have private yards, units have hardwood floors, updated kitchens and tile in the bathrooms along with ample onsite parking and a community laundry room. Potential awaits this 14,810 SF lot as it sits in the high-priority overlay of Santa Barbara's AUD program for future development and is rarely vacant due to its proximity to everything downtown Santa Barbara has to offer.
Offers accepted subject to the approval of existing reports.
Access to the units subject to accepted offer. Please do not disturb the occupants.
Location
State CA
County Santa Barbara
Interior
Laundry Bldg
Exterior
Parking Features Uncovered
Others
Tax ID 037-041-007
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
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