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Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
Property Details | |
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MLS ID: | #24-90 |
Current Price: | $1,150,000 |
Buyer Broker Compensation: | 2.5% |
Status: | Active |
Days on Market: | 102 |
Address: | 824 E Montecito Street |
City / Zip: | Santa Barbara, CA 93103 |
Area / Neighborhood: | Lower Eastside |
Property Type: | Residential – Home/Estate |
Style: | Cal. Cottage, Ranch |
Approx. Sq. Ft.: | 962 |
Year Built: | 1924 |
Condition: | Fair, Fixer, Poor |
Acres: | 0.12 |
Topography: | Level |
Proximity: | Near Bus, Near Hospital, Near Ocean, Near Park(s), Near School(s), Near Shopping, Restaurants |
Schools | |
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Elementary School: | Franklin |
Jr. High School: | S.B. Jr. |
Sr. High School: | S.B. Sr. |
Interior Features | |
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Bedrooms: | 2 |
Total Bathrooms: | 2 |
Bathrooms (Full): | 2 |
Dining Areas: | Breakfast Area |
Flooring: | Laminate |
Exterior Features | |
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Roof: | Composition |
Exterior: | Wood Siding |
Foundation: | Raised |
Construction: | Entry Lvl(No Stairs), Single Story |
Grounds: | Fenced: ALL, Patio Covered |
Parking: | Boat, RV |
Misc. | |
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ADU: | No |
Other buildings: | Shed |
Site Improvements: | Private, Public, Sidewalks |
Water / Sewer: | S.B. Wtr |
Zoning: | M-1 |
Public Listing Details: | Agt Related Prncpl |
Listed with Village Properties
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