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$1,299,500

Est. payment - /mo

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2 Beds

1 Bath

862 SqFt

Pending

509 Coronel Place Santa Barbara, CA 93101

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Chantelle Helbert

cmhelbertrealtor@gmail.com +1(757) 478-0599

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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

Lot Dimensions 50X151

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

Direction Take Cliff Dr. to Rancheria to Coronel

Interior

Interior Features Copper Plumbing Full, Formica Counters, Laminate Counters, Unfurnished

Heating Forced Air Unit

Flooring Linoleum/Vinyl, Wood

Fireplace No

Appliance Refrigerator, Gas Oven, Water Line to Refr, Gas Range

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

Water Access Desc Public

Roof Type Composition

Accessibility Grab Bars In Bathroom(s), Ramp - Main Level, Parking

Porch Patio Open, Porch, Wood

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Tax ID 037180012

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=CNPc4dqtRK8

Listed by Anthony Bordin Berkshire Hathaway HomeServices California Properties

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Chantelle Helbert

Agent | License ID: 02207747

+1(757) 478-0599

509 Coronel Place Santa Barbara, CA 93101

Chantelle Helbert

Key Details

Location

Interior

Exterior

Building

Others

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509 Coronel Place