Property Type:
Res
Bedrooms:
2
Baths:
2
Square Footage:
962
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$1,150,000
List Date:
4/26/2024
Last Modified:
4/26/2024
Description
Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
Listing Office: Village Properties - 1
Last Updated: April - 26 - 2024
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