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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.
Days On Market
July 7, 2022
Approx. Lot Size
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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