Beds6
Baths4
Acres0.43
Year1925
Katinka Goertz
(805) 708-9616
Status:
Active
Property Type:Home/Estate
MLS #:23-230
On Site:56 Days
Lot Size:0.43 Acres
County:Santa Barbara
Exceptional trophy investment of 3 newly remodeled cottages. Rarely do you find a turn-key investment like this one with large upside potential. Perfect for an owner/user or a 1031 buyer looking for an add-value play. The big upside is the plans pending for two additional cottages(ADUs) with market rents at $4,500 for each additional cottage. The existing three cottages(all leases month-to-month) have been remodeled extensively with current rents grossing $10,050 per month. The front cottage(907 SF) has 2 bedrooms and 2 bathrooms with a fenced-in front yard at $3,250 per month(market rent $4,000). The tastefully updated back two cottages(941 SF each) have mirrored floor plans with 2 bedrooms and 1 bathroom.
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Community Information
Address:1231 E Mason Street, Santa Barbara, CA 93103
County:Santa Barbara
City:Santa Barbara
Zip Code:93103
Architecture
Bedrooms:
6
Bathrooms:
4
Year Built:1925
Stories:1
Style:Cal. Cottage
Construction: Single Story
Exterior: Stucco
Roof: Composition
Foundation: Raised
Parking / Garage: Boat, Gar #2, RV
Total Unconvered Spaces: 14.00
Features / Amenities
Heating / Cooling: Wall
Property Features
Lot Size:
0.43 Acres
Location / Topo: Level
Nearby: Bus, Park(s), School(s), Shopping
View: Mountain(s), Setting
Water / Sewer: S.B. Wtr
Zoning:R-2
Tax and Financial Info
Terms: Cash, Ctnl
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1231 E Mason Street Santa Barbara, CA 93103
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Listing Information Last Updated 3/27/2023
Listing provided courtesy of Big Block Realty, Inc..
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