1111 E Cota Street, SANTA BARBARA, CA 93103
$3,250,000
Property Type:
Res Inc
Square Footage:
4,457
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$3,250,000
List Date:
5/03/2022
Last Modified:
9/15/2024
Description
Nestled at the base of SB's famed Lower Riviera lies this exceptional investment opportunity consisting of 3 freestanding homes located just minutes to Downtown SB, SB County Bowl, the Funk Zone, shopping, & SB's beaches. 1111 E Cota St was originally built in the mid 1920's & was substantially remodeled in 1999 when 620A & 620B N Voluntario St were built. Each home consists of 3BD/2BA w/ an attached 2-car garage & range in size from 1430-1530 SF & features its own laundry room, its own outdoor areas, & is separately metered for all utilities. Originally built to be condos, this offering represents a truly unique opp for either an owner occupant, apt investor, 1031 buyer, employee housing buyer, &/or a buyer interested in adding 1 ADU or converting the homes into individual condo
More Information MLS# 22-1386
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: P11
Cross Street: N Voluntario
Walk Score: 84
District: 15 - SB/EAST OF STATE
Street #: 1111
Dir: E
Street Name: Cota
Street Suffix: Street
State: CA
Postal Code: 93103
County: Santa Barbara
Parcel Number: 031-190-031
Contract Info
Buyers Agent $/%: 2.25
Current Price: $3,250,000
Price: 3295000
Begin Date: 2022-05-03
Status: Closed
Property Information
Year Built: 1999
Apx Lot SqFt: 10890
Main House SqFt: 4457
Recurring Fees: No
Number of Units: 3
Neighborhood/Schools
Elementary School: Franklin
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 98850
Remarks
COVID Showing Remarks: Please follow current COVID protocols.
Hot Sheet Comment: new
Condition
Excellent: 1
Miscellaneous
Parking Spaces: 6
Proximity
Near Bus: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 1
# Bedrooms: 3
# Baths: 2
# Half Baths: 0
Furnished: N
Rent: 4142
M/M: 1
Monthly Total: 4142
Income/Expenses
Total Monthly Income: 11792
Annual Income: 141504
Actual: 1
Unit 2
# Units: 1
# Bedrooms: 3
# Baths: 2
Rent: 3900
Lease: 1
Zoning
R-2: 1
Reports Available
TDS: 1
Home Inspection: 1
Pest Inspection: 1
Prelim: 1
Roof: 1
Other: 1
Terms
Cash: 1
Listing Type
ER: 1
Unit 3
# Units: 1
# Bedrooms: 3
# Baths: 2
Rent: 3750
M/M: 1
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Garage: 1
Total # Garage Spaces: 6
Contingent Remarks
SUBJ 2 INSPECT: 1
Exchange
Yes: 1
Status Information
Sold Date: 2022-08-31
Sold Price: $3,250,000
Under Contract Date: 2022-05-14
NeighborhoodSchools
Neighborhood: 15 - Riviera/Lower
Property Features
Unit 1: M/M
Unit 2: Lease
Unit 3: M/M
Condition: Excellent
Parking Info: Garage
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; Other
Exchange: Yes
Terms: Cash
Listing Type: ER
Contingent Remarks: SUBJ 2 INSPECT
Listing Office:
Hayes Commercial Group
Last Updated: September - 15 - 2024
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