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 $10,000 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.
Overview
- Subdivision15 - Lower East
- Year Built1925
- Lot Acres0.43
- RoofingComposition
- Parking/GarageBoat, Cpt #1, Gar #2, RV
- CoolingCeiling Fan(s), Elec, Wall
Rooms
- Bedrooms6
- Full Baths4
Features
- Security
- Floor Coverings
Schools
- ElementaryFranklin
- HighS. B. Sr.

What's Nearby?
Park
- Alameda Park (1.67 mi)71 reviews
- Chase Palm Park: Shipwreck Playground (0.87 mi)29 reviews
- Franceschi Park (1.36 mi)30 reviews
Restaurants
- Santo Mezcal (1.26 mi)1265 reviews
- Reunion Kitchen + Drink (0.78 mi)308 reviews
- Santa Barbara Shellfish Company (1.34 mi)2672 reviews
Coffee Shops
- Handlebar Coffee Roasters (1.31 mi)1165 reviews
- Pura Vida Coffee Society (1.45 mi)22 reviews
- Cajé Coffee Roasters - Haley St (0.89 mi)303 reviews
Grocery
- Ralphs Fresh Fare (1.67 mi)124 reviews
- Sprouts Farmers Market (0.36 mi)26 reviews
- Vons (1.43 mi)82 reviews