824 E Montecito Street, Santa Barbara, California, United States

Report Listing

Home For Sale

$1,150,000

824 E Montecito Street
Santa Barbara, California, United States

2bd 2ba 0 acres

Listed By: Homes & Land Magazine

Listed On: 04/05/2024

Listing ID: GL11087859 View More Details

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!

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