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Todd Kaufman

todd@kaufmanproperties.com +1(805) 206-4313

Listed by Anthony Bordin • Berkshire Hathaway HomeServices California Properties

$ 1,399,000

Est. payment -/mo

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Price Dropped by $101K

509 Coronel Place Santa Barbara, CA 93101

2 Beds

1 Bath

862 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 862 sqft

Price per Sqft $1,622

MLS Listing ID V1-24680

Style Cottage,Craftsman,Ranch

Bedrooms 2

Full Baths 1

Year Built 1881

Lot Size 7,405 Sqft

Property Sub-Type Single Family Residence

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 financial rewards and the opportunity to contribute to Santa Barbara's evolving housing landscape.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Zoning R-4

Interior

Interior Features Ceiling Fan(s), Copper Plumbing Full, Formica Counters, Laminate Counters, Open Floorplan, Unfurnished, Kitchen Open to Family Room, Remodeled Kitchen

Heating Central, Forced Air

Cooling None

Flooring Vinyl, Wood

Fireplaces Type None

Inclusions None

Laundry Gas & Electric Dryer Hookup, Individual Room, Inside

Exterior

Exterior Feature Barbeque Private

Garage Spaces 1.0

Pool None

Community Features Curbs, Sidewalks, Storm Drains, Street Lights

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N No

View None

Building

Lot Description Front Yard, Garden, Level with Street, Lot 6500-9999, Near Public Transit, Patio Home, Rectangular Lot, Utilities - Overhead, Value In Land, Walkstreet, Yard, Sprinklers None, 2-5 Units/Acre, Back Yard

Sewer Public Sewer

Schools

Elementary Schools Call Agent

Middle Schools Call Agent

High Schools Call Agent

Others

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Todd Kaufman

Agent | License ID: 01893578

+1(805) 206-4313

Todd Kaufman

509 Coronel Place Santa Barbara, CA 93101

Key Details

Location

Interior

Exterior

Building

Schools

Others

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509 Coronel Place