| Property type: | Single Family Residence |
| MLS #: | V1-24680VC |
| Year Built: | 1881 |
| Days On Market: | 506 |
| Listing Date: | July 17, 2024 |
| County: | Santa Barbara |
Property Details / Mortgage Calculator / Community Information / Architecture / Features & Amenities / Rooms / Property Features
Property Details
In conclusion, 509 Coronel Place represents an extraordinary real estate opportunity in Santa Barbara, offering a combination of immediate usability, strong income potential, and significant development possibilities. The existing 2-bedroom, 1-bathroom California cottage provides a move-in-ready option for an owner-user while offering ample room for expansion and redevelopment. The R-4 zoning designation allows for high-density residential construction, making this an attractive option for investors seeking to build multi-unit housing in a city with high demand and limited supply. Whether the goal is to develop a small apartment complex, luxury townhomes, or a mixed-use property, the possibilities for maximizing this property's value are vast. With Santa Barbara's real estate market continuing to thrive, now is the perfect time to invest in a property with such unique potential. 509 Coronel Place offers the rare combination of a prime location, flexible development options, and strong appreciation potential, making it one of the best investment opportunities available in Santa Barbara today. Whether for personal use, rental income, or large-scale development, this property stands out as a top-tier investment that will continue to increase in value over time, providing both financial rewards and the opportunity to contribute to Santa Barbara's evolving housing landscape.Interested in this Listing?
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Mortgage Calculator
PURCHASE & FINANCING INFORMATION |
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Community Information
| Address: | 509 Coronel pl, Santa Barbara, CA 93101 |
| Area: | R-4 - Santa Barbara |
| County: | Santa Barbara |
| City: | Santa Barbara |
| Zip Code: | 93101 |
Architecture
| Bedrooms: | 2 |
| Bathroom: | 1 |
| Year Built: | 1881 |
| Stories: | 1 |
| Style: | Craftsman |
Garage / Parking
| Parking Garage: | Garage, Garage - 1 Car, Other |
Community / Development
| Community Features: | Curbs, Sidewalks, Street Lights, Storm Drains |
Features / Amenities
| Appliances: | Oven-Gas, Range |
| Laundry: | Gas Or Electric Dryer Hookup, Inside, Room |
| Pool: | None |
| Spa: | None |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Private Pool: | No |
| Private Spa: | Yes |
| Cooling: | None |
| Heating: | Central, Forced Air, Natural Gas |
Rooms
| Patio Open |
Property Features
| Lot Size: | 7,405 sq.ft. |
| View: | None |
| Zoning: | R-4 |
| Directions: | Take Cliff Dr. to Rancheria to Coronel |
Tax and Financial Info
| Buyer Financing: | Cash |
Detailed Map
Active
$ 1,349,500
84%
2 Beds
1 Full
862 Sq.Ft
Lot: 7,405 Sq.Ft
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