1231 E Mason St

SANTA BARBARA, CA, 93103

$2,879,000

$2,879,000
Active
Active
 - For Sale
beds
6 Beds
baths
4 Baths
property_type
Residential
calendar
Built 1925
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.
MLS® ID:
22-1225
Listed:
4/19/22
Updated:
7/5/22
Village Properties
Village Properties

Interior Features

Total Bedrooms
6
Full Bathrooms
4
Cooling
Wall, Ceiling Fan(s)

Exterior/Building Features

Lot Size
0.43 acres lot
Exterior Features
Yard Irrigation PRT, Fenced: ALL

School Information

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

Other Property Details

Area Name
15 - SB/EAST OF STATE
Garage
Yes
Garage Spaces
2
Parking
Y
View
Y
County
Santa Barbara
Water Source
SB Wtr
Pool
No
Zoning
R-2

Property History

Date
Event
Price
Value
6/15/22
Price Change
$2,879,000
-1%

Courtesy of Austin Jones, Omega Real Estate and Investments

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Data last updated 6:46 AM UTC, 7/5/22

Village Properties
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