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1107-1111 E Cota St
Santa Barbara, CA 93103
Multifamily Property For Sale
·
6 Units
Executive Summary
Nestled at the base of Santa Barbara’s famed Lower Riviera, this exceptional investment opportunity consists of six freestanding homes across two adjacent parcels at 1107 and 1111 E Cota Street, located just minutes from Downtown Santa Barbara, the Santa Barbara County Bowl, the Funk Zone, a wide variety of shopping, and Santa Barbara’s white sand beaches.
The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota were constructed in 1999, while 1111 E Cota was originally built in the mid-1920s and substantially remodeled in 1999. Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes.
Additionally, 1111 E Cota includes a lower-level bonus room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value.
Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.
Price: $6,500,000 ($1,083,333/unit)
Unit Mix: 6 x 3BD/2BA homes
Rentable SF: 8,853 SF
Land Size: 21,780 SF
APN: 031-190-032, 031-190-031
Year Built: All buildings 1999, except 1111 E
Cota which was built in 1925 and
substantially remodeled in 1999
Zoning: R-2
Laundry: In-unit
Parking: 6 x 2-car garages plus 1 on-site
Cap Rate: 3.94% (current)
4.54% (market)
To Show: CLA
The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota were constructed in 1999, while 1111 E Cota was originally built in the mid-1920s and substantially remodeled in 1999. Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes.
Additionally, 1111 E Cota includes a lower-level bonus room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value.
Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.
Price: $6,500,000 ($1,083,333/unit)
Unit Mix: 6 x 3BD/2BA homes
Rentable SF: 8,853 SF
Land Size: 21,780 SF
APN: 031-190-032, 031-190-031
Year Built: All buildings 1999, except 1111 E
Cota which was built in 1925 and
substantially remodeled in 1999
Zoning: R-2
Laundry: In-unit
Parking: 6 x 2-car garages plus 1 on-site
Cap Rate: 3.94% (current)
4.54% (market)
To Show: CLA
Property Facts
| Price Per Unit | $1,524,250 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| No. Units | 6 | Building Size | 21,780 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1999 |
| Zoning | R-2 - R-2 zoning generally designates low- to moderate-density residential areas. It primarily allows single-family homes and duplexes (two-family dwellings), acting as a bridge between low-density suburbs (R-1) and higher-density apartment zones. | ||
| Price Per Unit | $1,524,250 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 21,780 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Zoning | R-2 - R-2 zoning generally designates low- to moderate-density residential areas. It primarily allows single-family homes and duplexes (two-family dwellings), acting as a bridge between low-density suburbs (R-1) and higher-density apartment zones. |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,897,822 CAD | |
| Land Assessment | $3,732,799 CAD | Total Assessment | $9,630,621 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,732,799 CAD
Improvements Assessment
$5,897,822 CAD
Total Assessment
$9,630,621 CAD
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