Santa Barbara & the Santa Ynez Valley and Surrounding Areas
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Allan Jones
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Offered by:
Santa Ynez Valley Real Estate Company
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Property Description
Multi-Family - Santa Barbara, CA Opportunity knocks! Two existing homes with plans to build two more totaling four potential homes on this 0.34ac R-2 lot. Contractor bid of $1,250,000 to complete two more units and five car garage puts the total investment at $3,745,000, averaging $936,250 each with excellent rental potential. Near Trader Joe's on Milpas St., close to East Beach, and near restaurants and hotels - yet set on a quiet street in Santa Barbara. The main house is a classic home with wood floors, large kitchen, three bedrooms, two bathrooms, deck, and air conditioning. The remodeled and updated back house consists of two bedrooms, one bath, a living room, and kitchen with laundry. Plans include two new 1075sf and 1086sf two-bedroom townhomes, five covered garage spaces, and three onsite parking spaces.
Property Features
Status
| Days On Market | 134 days |
|---|---|
| Last Updated | July 7, 2022 |
| Market Status | Available |
Description
| Property Type | Multi Family |
|---|---|
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Approx. Lot Size | .34 Acres |
| Sq. Feet | 1438 |
Building Features
| Cooling System | Ceiling Fan(s) |
|---|---|
| Roof | Composition Shingle |
| Central Air | |
| Heating Fuel | Natural Gas |
Exterior Features
| Exterior Construction | Stucco |
|---|---|
| Porch/Deck |
Listing Features
| Property Type | MultiFamily; Multi-Family |
|---|
Room Details
| Additional Areas | Bedroom; Bedroom; Bedroom; Full Bath; Full Bath |
|---|
Data Provided by North Santa Barbara County Regional MLS
Anne of Green Gables
ESPN, CPN, ASP
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