1107 E Cota Street, SANTA BARBARA, CA 93103 (MLS# 22-1384)

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1107 E Cota Street, SANTA BARBARA, CA 93103

$3,200,000

Property Type: Res Inc Square Footage: 4,394 Status: Closed

Current Price: $3,200,000 List Date: 5/03/2022 Last Modified: 9/15/2024

Overview

Description

Nestled at the base of SB's famed Lower Riviera lies this exceptional investment opp consisting of 3 freestanding homes located just minutes to Downtown SB, SB's County Bowl, the Funk Zone, a wide arrange of shopping, & SB's white sand beaches. Constructed in 1999, each home consists of 3BD/2BA w/ an attached 2-car garage & range in size from 1300-1600 SF. Each home features its own laundry room, its own exclusive outdoor living space, & is separately metered for all utilities. Originally built to be condominiums, this offering represents a truly unique opp for a wide array of buyers, including owner occupants, apartment investors, 1031 exchange buyers employee housing buyers, &/or a value-add buyers interested in adding one ADU or converting the homes into condominiums.

Listing Details MLS# 22-1384

Location Info

District: 15 - SB/EAST OF STATE
Street #: 1107
Dir: E
Street Name: Cota
Street Suffix: Street
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: P11
County: Santa Barbara
Parcel Number: 031-190-032
Cross Street: N Voluntario
Walk Score: 84

Contract Info

Price: 3295000
Buyers Agent $/%: 2.25
Begin Date: 2022-05-03

Status Information

Sold Date: 2022-08-31
Under Contract Date: 2022-05-14

Property Information

Number of Units: 3
Year Built: 1999
Main House SqFt: 4394
Apx Lot Size FxD: 10890
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 - Riviera/Lower

Remarks

COVID Showing Remarks: Please follow current COVID protocols.
Hot Sheet Comment: new

More Information

Owner Info

Deposit: 98850

Miscellaneous

Parking Spaces: 5

Unit 1

# Units: Yes
# Bedrooms: 3
# Baths: 2
Furnished: N
Rent: 3700
Monthly Total: 3700
# Half Baths: 0
M/M: Yes

Unit 2

# Units: Yes
# Bedrooms: 3
# Baths: 2
Rent: 3700
Monthly Total: 3700
M/M: Yes

Unit 3

# Units: Yes
# Bedrooms: 3
# Baths: 2
Rent: 3900
Monthly Total: 3900
Lease: Yes

Meters

Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Garage Spaces: 6
Total # Unconvered Spaces: Yes
Garage: Yes
Outside: Yes

Neighborhood/Schools

Elementary School: Franklin
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Excellent: Yes

Foundation

Slab: Yes
Raised: Yes

Proximity

Near Bus: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 11300
Annual Income: 135600
Actual: Yes

Zoning

R-2: Yes

Reports Available

TDS: Yes
Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
Roof: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Exchange

No: Yes

Property Features

Unit 1: M/M Unit 2: M/M Unit 3: Lease Condition: Excellent Foundation: Slab; Raised Parking Info: Garage; Outside Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: R-2 Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; Roof Exchange: No Terms: Cash Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Listing Office: Hayes Commercial Group

Last Updated: September - 15 - 2024

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