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824 E Montecito Street, Santa Barbara, CA 93103

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For Sale
Sale Pending

$1,150,000

2 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# 24-90

Courtesy Of Village Properties, Inc.

(805) 681-8800

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Patio, RV Parking
  • Architecture Style
    Cottage
  • Exterior Type
    Wood Siding
  • Floor Covering
    Laminate
  • Heating System
    Central Furnace
  • Lot Size
    0.12 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 824 E Montecito Street, Santa Barbara, CA 93103

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CENTURY 21 Affiliated

(949) 492-5413
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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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