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$2,879,000
1231 E Mason St, Santa Barbara, CA 93103
6 Beds
4 Baths
n/a SqFt

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Exceptional trophy investment of three newly remodeled cottages. Rarely do you find a turn-key investment with large upside potential, like this one. Perfect for owner/user or a 1031 buyer looking for an add value play. Big upside being the plans pending to build an additional 2 cottages(ADU's) which would easily increase the monthly income $8,000 per month. Renderings available upon request. All three cottages have been remodeled extensively with current rents grossing $10,500 per month. The front cottage(907 SF) has 2 bedrooms, 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.
  • Price:
  • $2,879,000
  • Bedrooms:
  • 6
  • Full Baths:
  • 4
  • Acreage:
  • 0.43
  • Year Built:
  • 1925
  • Listing ID #:
  • 22-1225
  • Street Address:
  • 1231 E Mason St
  • City:
  • Santa Barbara
  • State:
  • California
  • Postal Code:
  • 93103
  • County:
  • Santa Barbara
  • Community:
  • Sb/East Of State
  • Subdivision:
  • 15 - Lower Eastside
  • Listing Status:
  • Active
  • Listing Type:
  • Home/Estate-ResidentialAttachedDetached
3
out of 5

Franklin Elementary School
Public
School Grade Level K-6
School Students 600 students
School Teachers 25 student/
teacher
n/a

S.B. JR.
Public
n/a

S.B. SR.
Public
  • Building Condition:
  • Excellent
  • Construction Description:
  • Single Story
  • Foundation:
  • Raised
  • Number Of Units:
  • 3
  • Square Footage Source:
  • Other/See Remarks
  • Type Of Roof:
  • Composition
  • View:
  • Mountain, Setting
  • Year Built:
  • 1925
  • Conforms To Zoning:
  • R-2
  • Landscape Description:
  • Fenced: All, Yard Irrigation Prt
  • Lot Description:
  • Level
  • Lot Square Footage:
  • 18730.00
  • Days On Market:
  • 117
  • Terms:
  • Cash, Ctnl
  • Parking Description:
  • Boat, Cpt #1, Gar #2, Rv
  • Heating And Air:
  • Ceiling Fan(s), Elec, Wall
  • Water/Sewage:
  • S.B. Wtr
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Omega Real Estate And Investments
  • SANBARB

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