509 Coronel Place Active Save Request In-Person Tour Request Virtual Tour
Santa Barbara,CA 93101
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 862 sqft
Price per Sqft $1,565
MLS Listing ID CRV1-24680
Bedrooms 2
Full Baths 1
Year Built 1881
Lot Size 7,405 Sqft
Property Sub-Type Detached
Property Description
In conclusion, 509 Coronel Place represents an extraordinary real estate opportunity in Santa Barbara, offering a combination of immediate usability, strong income potential, and significant development possibilities. The existing 2-bedroom, 1-bathroom California cottage provides a move-in-ready option for an owner-user while offering ample room for expansion and redevelopment. The R-4 zoning designation allows for high-density residential construction, making this an attractive option for investors seeking to build multi-unit housing in a city with high demand and limited supply. Whether the goal is to develop a small apartment complex, luxury townhomes, or a mixed-use property, the possibilities for maximizing this property's value are vast. With Santa Barbara's real estate market continuing to thrive, now is the perfect time to invest in a property with such unique potential. 509 Coronel Place offers the rare combination of a prime location, flexible development options, and strong appreciation potential, making it one of the best investment opportunities available in Santa Barbara today. Whether for personal use, rental income, or large-scale development, this property stands out as a top-tier investment that will continue to increase in value over time, providing both financ
Location
State CA
County Santa Barbara
Interior
Heating Forced Air,Natural Gas,Central
Cooling Ceiling Fan(s),None
Flooring Vinyl,Wood
Fireplaces Type None
Laundry Laundry Room,Other,Inside
Exterior
Garage Spaces 1.0
Pool None
View None
Building
Lot Description Other,Back Yard,Street Light(s),Storm Drain
Story 1
Foundation Pillar/Post/Pier,Raised