1231 E Mason St, SANTA BARBARA

SANTA BARBARA Home For Sale

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.They are both leased for $3,400(market rent $3,900) with their own single car garage, no shared walls and both have large private back yards. This unique investment boasts a tranquil setting along Sycamore Creek and a community garden in the rear. Surely not one to be missed with close access to the 101 freeway and East Beach.

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
  • Contact Agent Now

Mortgage Calculator

  • (In Dollars)
  • %
  • years
  • %

  • Show me the calculations and amortization.

Additional Information

  • City:
    SANTA BARBARA
  • County:
    Santa Barbara
  • Zip:
    93103
  • MLS® #:
    22-1225
  • Bedrooms:
    6
  • Bathrooms:
    4
  • Lot Size:
    0.43
  • Neighborhood:
    15 - SB/EAST OF STATE
  • HOA Dues:
    $

Price Change History for 1231 E Mason St, SANTA BARBARA, California (MLS® #22-1225)

Date Details Price Change
Price Reduced (from $2,929,000) $2,879,000 $50,000 (1.71%)
Back to Search Results

Omega Real Estate and Investments.

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than Beach Cities Real Estate are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers.

All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Beach Cities Real Estate shall be responsible for any typographical errors, misinformation, or misprints. ©2022 Santa Barbara Multiple Listing Service. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information last updated on August 18th, 2022 at 9:15am PDT.