Courtesy of Austin Jones, Big Block Realty, Inc.

1231 E Mason Street

SANTA BARBARA, CA, 93103

$2,799,000

$2,799,000
Active
Active
 - For Sale
beds
6 Beds
baths
4 Baths
property_type
Residential
calendar
Built 1925
Exceptional trophy investment of 3 newly remodeled cottages. Rarely do you find a turn-key investment like this one with large upside potential. Perfect for an owner/user or a 1031 buyer looking for an add-value play. The big upside is the plans pending for two additional cottages(ADUs) with market rents at $4,500 for each additional cottage. The existing three cottages(all leases month-to-month) have been remodeled extensively with current rents grossing $10,050 per month. The front cottage(907 SF) has 2 bedrooms and 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. The back two cottages are leased at $3,400 per month(market rent $3,900) with single-car garages, no shared walls, and large private backyards. This unique investment rests on an oversized lot(.43 acres) along Sycamore Creek with a community garden in the rear. Surely not one to be missed with close access to the 101 freeway and East Beach.
MLS® ID:
23-230
Listed:
1/30/23
Updated:
3/23/23
Village Properties
Village Properties

Interior Features

Total Bedrooms
6
Full Bathrooms
4
Cooling
Wall

Exterior/Building Features

Architectural Style
Cal Cottage
Roof
Composition

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
No
Parking
N
View
N
County
Santa Barbara
Water Source
SB Wtr
Pool
No
Zoning
R-2

Courtesy of Big Block Realty, Inc., Austin Jones,
Listing Contact:  

This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service, the listing broker(s), the owner of this site, nor Luxury Presence shall be responsible for any typographical errors, misinformation, or misprints.

©2023 Santa Barbara Association of REALTORS. All rights reserved.

Data last updated 7:41 PM UTC, 3/23/23

Village Properties
Village Properties
Contact