509 Coronel Place Pending Save Request In-Person Tour Request Virtual Tour
Santa Barbara,CA 93101
Key Details
Property Type Multi-Family
Sub Type All Other Attached
Listing Status Pending
Purchase Type For Sale
Square Footage 862 sqft
Price per Sqft $1,507
MLS Listing ID V1-24680
Style Cottage,Craftsman,Craftsman/Bungalow,Ranch
Bedrooms 2
Full Baths 1
Year Built 1881
Property Sub-Type All Other Attached
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
Zoning R-4
Interior
Heating Forced Air Unit
Flooring Linoleum/Vinyl,Wood
Laundry Gas & Electric Dryer HU
Exterior
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
View Y/N Yes
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=CNPc4dqtRK8