509 Coronel Place Santa Barbara, CA 93101
2 Beds
1 Bath
862 SqFt
UPDATED:
02/25/2025 03:44 AM
Key Details
Property Type Single Family Home
Sub Type Patio/Garden
Listing Status Active
Purchase Type For Sale
Square Footage 862 sqft
Price per Sqft $1,740
MLS Listing ID V1-24680
Style All Other Attached
Bedrooms 2
Full Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1881
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50X151
Property Sub-Type Patio/Garden
Property Description
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.
Location
State CA
County Santa Barbara
Area Santa Barbara (93101)
Zoning R-4
Interior
Interior Features Copper Plumbing Full, Formica Counters, Laminate Counters, Unfurnished
Heating Natural Gas
Flooring Linoleum/Vinyl, Wood
Equipment Refrigerator, Gas Oven, Water Line to Refr, Gas Range
Appliance Refrigerator, Gas Oven, Water Line to Refr, Gas Range
Laundry Laundry Room, Inside
Exterior
Exterior Feature Stucco, Wood, Lap Siding, Unknown, Frame, Glass
Parking Features Garage, Garage - Single Door
Garage Spaces 1.0
Fence Cross Fencing, Average Condition, Good Condition, Wood
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Curbs, Sidewalks
Story 1
Sewer Public Sewer
Water Public
Architectural Style Cottage, Craftsman, Craftsman/Bungalow, Ranch
Level or Stories 1 Story
Construction Status Updated/Remodeled
Others
Miscellaneous Value in Land,Storm Drains
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=CNPc4dqtRK8
