Opportunity knocks for this rare M-1 zoned property on the

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Home For Sale

824 E Montecito Street

Santa Barbara, California 93103

Santa Barbara County

Community: 15 - Lower Eastside

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$1,150,000 2 br, 2.0 bath 0 sq. ft. 0.120 acres

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!

Interior:
  • Bedrooms: 2
  • Baths: 2.0
  • Sq Ft: 0
  • Year Built: 1924
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Central Furnace
  • Garage: 
Exterior:
  • Lot Size: 0.120 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Wood Siding
  • Roof: Composition Shingle
  • MLS #: 24-90
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Beach Home For Sale in Santa Barbara, California
Ad Number: 4499045
Viewed 50 times.
Updated: Jan 10, 2024

This property is a Home located at 824 E Montecito Street, Santa Barbara, California 93103, and is currently For Sale at $1,150,000. This Home has 2 bedrooms, 2.0 baths, 0 sq ft.

Listing Agent: David Magid, Village Properties, Inc., 805-451-0402, 805-681-8800 Listing Site, Listing Status: Active
Copyright © 2024 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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