Opportunity knocks! Two existing homes with plans to build two more totaling four potential homes on this 0.34ac R-2 lot. Contractor bid of $1,250,000 to complete two more units and five car garage puts the total investment at $3,745,000, averaging $936,250 each with excellent rental potential. Near Trader Joe’s on Milpas St., close to East Beach, and near restaurants and hotels – yet set on a quiet street in Santa Barbara. The main house is a classic home with wood floors, large kitchen, three bedrooms, two bathrooms, deck, and air conditioning. The remodeled and updated back house consists of two bedrooms, one bath, a living room, and kitchen with laundry. Plans include two new 1075sf and 1086sf two-bedroom townhomes, five covered garage spaces, and three onsite parking spaces.

Overview

  • StyleCal. Cottage
  • Lot Acres0.34
  • ExteriorWood Siding
  • RoofingComposition
  • CoolingA/C Central, GFA

Rooms

  • Bedrooms3
  • Full Baths2

    Features

      • Security
      • Floor Coverings

      Schools

      • ElementaryFranklin
      • HighS.B. Sr.

      Property Features

      • Appliances Included: Dishwasher
      • Disposal
      • Double Oven
      • Gas Rnge/Cooktop
      • Oven/Bltin
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      What's Nearby?

      Park
      Restaurants
      Coffee Shops
      Grocery

      Location