1107-1111 E Cota St
Santa Barbara, CA 93103
Immeuble residentiel Propriété À vendre · 6 Unités

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