1107 E Cota St
Santa Barbara, CA 93103
Immeuble residentiel Propriété À vendre · 3 Unités

Nestled at the base of Santa Barbara’s famed Lower Riviera lies this exceptional investment opportunity consisting of three freestanding homes located just minutes to Downtown Santa Barbara, Santa Barbara’s County Bowl, the Funk Zone, a wide arrange of shopping, and Santa Barbara’s white sand beaches. Constructed in 1999, each home is a 3BD/2BA with an attached two-car garage ranging in size from 1,300 to 1,600 SF. Each home features its own laundry room, an exclusive outdoor living space, and is separately metered for all utilities. Originally designed and built to be condominiums, this offering represents a truly unique opportunity for a wide array of buyers, including owner-occupants, apartment investors, 1031 exchange buyers, employee housing buyers, and/ or value-add buyers interested in adding one accessory dwelling unit or converting the homes into individual condos.
Price: $3,340,000
Unit Mix: 3 x 3BD/2BA homes
Rentable SF: 4,394 SF (approx.)
Land Size: 10,890 SF (approx.)
APN: 031-190-032
Year Built: 1999
Zoning: R-2
Laundry: In-unit
Parking: 3 x 2-car garages plus 1 on-site
Cap Rate: 3.48% (current)
3.71% (AB 1482)
4.08% (market)
To Show: CLA