126 Loureyro Road, MONTECITO, CA 93108 (MLS# 22-1760)

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126 Loureyro Road, MONTECITO, CA 93108

$3,950,165

Property Type: Res Inc Lot Size (sq. ft.): 15,246 Status: Closed

Current Price: $3,950,165 List Date: 5/31/2022 Last Modified: 9/15/2024

Overview

Description

Investment potential! This 1/3 acre corner lot in Montecito features 5 units, ample outdoor space with lush landscapes, and 2 separate addresses and driveways allowing for off-street parking. The main 3 bedroom, 2 bath house—currently rented as two units—boasts Spanish tile and oak floors, a brick fireplace, vaulted ceilings, Juperana Fiorentino granite kitchen counters, redwood patios, and abundant yard space. The second dwelling, separated by a redwood fence, boasts 3 units: 2 studios with their own outdoor sitting areas, granite counters, all-travertine full bathrooms, and washer/dryers; and a charming freestanding cottage with garden beds, a redwood patio, travertine and parquet floors, and a unique atrium off the bathroom with plants and a fountain.

Supplements: The property features wonderful outdoor space with mature fruit trees, fountains, a chicken coop, and a large outdoor storage area, and is conveniently located near Coast Village Road, the Miramar Hotel, and Montecito's Butterfly Beach.

Listing Details MLS# 22-1760

Location Info

District: 10 - MONTECITO
Street #: 126
Street Name: Loureyro
Street Suffix: Road
State: CA
Country: US
Postal Code: 93108
Compass Map: Santa Barbara
Map Grid: U12
County: Santa Barbara
Parcel Number: 007-350-011
Cross Street: Jameson

Contract Info

Price: 3495000
Buyers Agent $/%: 2.5
Begin Date: 2022-05-31

Status Information

Sold Date: 2022-07-18
Under Contract Date: 2022-06-06

Property Information

Number of Units: 5
Year Built: 1920
Apx # Acres: 0.35
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 3600
Monthly Total: 3600
# Half Baths: 0

Unit 2

# Bedrooms: Yes
# Baths: Yes
Rent: 2100

Unit 3

# Units: 2
# Bedrooms: 2
# Baths: 2
Rent: 2100
Monthly Total: 4200

Unit 4

# Units: Yes
# Bedrooms: Yes
# Baths: Yes
Rent: 2900

Neighborhood/Schools

Elementary School: Mont Union
Junior High School: S.B. Jr.
High School: S.B. Sr.

Proximity

Near Ocean: Yes
Near Shopping: Yes

Income/Expenses

Total Monthly Income: 12800

Zoning

Other: Yes

Terms

Cash: Yes
Ctel: Yes

Listing Type

ER: Yes

Property Features

Proximity: Near Ocean; Near Shopping Zoning: Other Terms: Cash; Ctel Listing Type: ER

Listing Office: Alemann and Associates

Last Updated: September - 15 - 2024

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