824 E Montecito Street, Santa Barbara CA, 93103
(Active)
$1,150,000
|
2 beds, 2 Full baths, 962 sqft
|
MLS# 24-90
Last Updated: 5/15/2024 12:28 PM
Description for
824 E Montecito Street
Santa Barbara, CA 93103
Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
Price
$1,150,000
15 - Lower Eastside
Santa Barbara
2
2 Full
962 (approx)
24-90
Active
Description
Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
Listing Information
| Property Type: Single Family, Ranch | ||
| 2 | 2 Full | |
| 0.12 Acres | 962 (approx) | 1924 |
| Wood Siding | ||
15 - Lower Eastside
Raised
Neighborhood
School Information
| Franklin | S.B. Jr. | S.B. Sr. |
Room Information
| Bathrooms | |||
| 2 | |||
Interior Features
Laminate
Wall Furnace
Exterior / Lot Features
Boat
Covered
Composition
M-1
Fenced
Fixer
Covered, Shed(s),,
Level, Near Public Transit
Financial Considerations
| 017-042-006 |
Cash
Listing Price History
Santa Barbara Real Estate
Santa Barbara is located in California. Santa Barbara, California 93103 has a population of 89,830.
The median household income in Santa Barbara, California 93103 is $95,188. The median household income for the surrounding county is $79,381 compared to the national median of $66,222. The median age of people living in Santa Barbara 93103 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/26/2024 | Active | $1,150,000 USD |
|
| 4/20/2024 | Pending | $1,150,000 USD |
|
| 1/10/2024 | Active | $1,150,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $5,133 USD | 1.74% | $480,825 USD | - |
| 2022 | $5,045 USD | 2.37% | $480,825 USD | 2.00% |
| 2021 | $4,928 USD | 1.07% | $471,398 USD | 3.06% |
| 2020 | $4,876 USD | 1.77% | $457,418 USD | - |
| 2019 | $4,791 USD | 1.44% | $457,418 USD | 2.00% |