1231 E Mason St

Santa Barbara, CA 93103 View Map $2,879,000 Schedule a Tour
Beds6
Baths4
Acres0.43
Year1925
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Status: Active
Property Type:Home/Estate
MLS #:22-1225
On Site:77 Days
Lot Size:0.43 Acres
County:Santa Barbara
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.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
6/15/2022$2,929,000$2,879,000-1.7%

Community Information

Address:1231 E Mason St Santa Barbara, CA 93103
Zip Code:93103

School Information

High School:S.B. Sr.
Middle School:S.B. Jr.
Elementary School:Franklin

Architecture

Bedrooms: 6
Bathrooms: 4
Year Built:1925
Stories:1
Construction: Single Story
Roof: Composition
Foundation: Raised
Parking / Garage: Boat, Cpt #1, Gar #2, RV
Total Garage Spaces: 2.00
Total Carport Spaces: 1.00
Total Unconvered Spaces: 10.00

Features / Amenities

Grounds / Landscaping: Fenced: ALL, Yard Irrigation PRT
Heating / Cooling: Ceiling Fan(s), Elec, Wall

Property Features

Lot Size: 0.43 Acres
Location / Topo: Level
View: Mountain, Setting
Water / Sewer: S.B. Wtr
Zoning:R-2

Tax and Financial Info

Terms: Cash, Ctnl
Pets: Yes

Schools

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1231 E Mason St Santa Barbara, CA 93103
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1231 E Mason St Santa Barbara, CA 93103
 
ASAP
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8
Jul
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9
Jul
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Listing Information Last Updated 7/5/2022
Listing provided courtesy of Omega Real Estate And Investments.