824 E Montecito Street, SANTA BARBARA

SANTA BARBARA Home For Sale

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!

Property Details

824 E Montecito StreetSquare Ft: 962Lot Size: 0.12Bedrooms: 2Bathrooms: 2Price: $1,150,000Zip: 93103
MLS® #: 24-90Neighborhood: 15 - Lower EastsideCommunity: 15 - Lower EastsideSchool District: Listed By: David Magid, Village Properties - 1

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
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Additional Information

  • City:
    SANTA BARBARA
  • County:
    Santa Barbara
  • Zip:
    93103
  • MLS® #:
    24-90
  • Bedrooms:
    2
  • Bathrooms:
    2
  • Square Ft:
    962
  • Lot Size:
    0.12
  • Neighborhood:
    15 - SB/EAST OF STATE

Price Change History for 824 E Montecito Street, SANTA BARBARA, CA (MLS® #24-90)

Date Details Price Change
Active
Pending (from Active)
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Listing information last updated on April 26th, 2024 at 10:45pm PDT.