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.
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
School Information
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.
© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-04-12T08:46:58.583. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-04-12T08:46:58.583.