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123 E Carrillo Street, SANTA BARBARA, CA 93101

$1,122,000
Property Type: Commercial Sale Square Footage: 1,912 Lot Size (sq. ft.): 2,684 Status: Closed
Current Price: $1,122,000 List Date: 4/05/2024 Last Modified: 12/13/2024

Overview

Description

Rare owner-user or development opportunity in the heart of downtown! The property is currently fully occupied on short-term leases, providing immediate rental income with potential for both owner-users or savvy investors or developers. The property recently received entitlements to construct a new three-story mixed-use development comprised of: three 2BD units with an average unit size of 948 SF; a 2BD Accessory Dwelling Unit (ADU) at 850 SF; and a 309 SF commercial office. This thoughtfully designed development maximizes the property's potential and capitalizes on the growing demand for mixed-use urban spaces.

Listing Details MLS# 24-1045

Location Info

District
15 - SB/EAST OF STATE
Street #
123
Dir
E
Street Name
Carrillo
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
O12
County
Santa Barbara
Parcel Number
029-211-015
Cross Street
Santa Barbara St

Contract Info

Price
1200000
Buyers Agent $/%
2.5
Begin Date
2024-04-05

Property Information

TYP
Business
For Sale/Lease
For Lease
Gross Sq Ft
1912
Total SqFt.
1912
Apx Lot SqFt
2684
#Offices
0

Remarks

Hot Sheet Comment
new

Status Change Info

Sold Date
2024-07-08
Under Contract Date
2024-04-30

Owner Info

Deposit
0

More Information

Zoning

Other
Yes

Terms

Other
Yes

Listing Type

ER
Yes

Contingent Remarks

LOAN APPROVAL
Yes
SUBJ 2 INSPECT
Yes

Property Features

Zoning: Other Terms: Other Listing Type: ER Contingent Remarks: LOAN APPROVAL; SUBJ 2 INSPECT
IDX
Listing Office: Hayes Commercial Group
Last Updated: December - 13 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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