Pending

824 E Montecito Street

SANTA BARBARA CA, 93103

$1,150,000


$1,195.43 per sqft

Pending

2 Beds

2 Baths

962 sqft

Residential

Built in 1924

Courtesy of David Magid, Village Properties - 1

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!

24-90

MLS ID

April 26, 2024

Listed

May 22, 2024

Updated

Map

824 E Montecito Street
SANTA BARBARA CA, 93103

Interior Features

Bedrooms

2


Total Bathrooms

2


Full Bathrooms

2


Floor Description

Laminate


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.12 Acres


Exterior Features

Patio Covered, Fenced: ALL


Lot Features

Level, Near Public Transit


Architectual Style

Cal Cottage, Ranch


Roof

Composition

School Information

High School

S.B. Sr.


Elementary School

Franklin

Other Property Details

Area Name

15 - SB/EAST OF STATE


Days on Market

128


Garage

No


Parking

RV, Boat


View

No


County

Santa Barbara


Water Source

SB Wtr


Pool

No


Zoning

M-1


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/22/2024

Pending

4/26/2024

Active

4/20/2024

Pending

Listed by Village Properties - 1, David Magid,
Listing Contact: [email protected] 

This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service, the listing broker(s), the owner of this site, nor Luxury Presence shall be responsible for any typographical errors, misinformation, or misprints.

©2024 Santa Barbara Association of REALTORS. All rights reserved.

Data last updated 8:41 PM UTC, 5/22/2024

Powered byLuxury Presence