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$ 6,500,000
Est. payment | /mo
8,853 SqFt
$ 6,500,000
Est. payment | /mo
8,853 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,853 sqft
Price per Sqft $734
MLS Listing ID 26-1193
Year Built 1999
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 21780.0
Source Santa Barbara Multiple Listing Service
Property Description
Nestled at the base of Santa Barbara's famed Lower Riviera, this exceptional investment opportunity consists of six freestanding homes across two adjacent parcels at 1107 and 1111 E Cota Street, located just minutes from Downtown
Santa Barbara, the Santa Barbara County Bowl, the Funk Zone, a wide variety of shopping, and Santa Barbara's white sand beaches. The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota St were constructed in 1999, while 1111 E
Cota was originally built in the mid-1920s
and substantially remodeled in 1999.
See ''more'' Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes. Additionally, 1111 E Cota St includes a lower-level room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value. Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.
Santa Barbara, the Santa Barbara County Bowl, the Funk Zone, a wide variety of shopping, and Santa Barbara's white sand beaches. The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota St were constructed in 1999, while 1111 E
Cota was originally built in the mid-1920s
and substantially remodeled in 1999.
See ''more'' Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes. Additionally, 1111 E Cota St includes a lower-level room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value. Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.
Location
State CA
County Santa Barbara
Interior
Heating Forced Air
Laundry In Unit
Exterior
Parking Features Garage
Building
Lot Description Near Public Transit
New Construction No
Others
Tax ID 031-190-032
Acceptable Financing Cash, OTHER/CLA
Listing Terms Cash, OTHER/CLA
Listed by Hayes Commercial Group
Schools and Properties Nearby
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