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
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.
More Information MLS# 22-1760
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: U12
Cross Street: Jameson
District: 10 - MONTECITO
Street #: 126
Street Name: Loureyro
Street Suffix: Road
State: CA
Postal Code: 93108
County: Santa Barbara
Parcel Number: 007-350-011
Contract Info
Buyers Agent $/%: 2.5
Current Price: $3,950,165
Price: 3495000
Begin Date: 2022-05-31
Status: Closed
Property Information
Year Built: 1920
Apx # Acres: 0.35
Recurring Fees: No
Number of Units: 5
Neighborhood/Schools
Elementary School: Mont Union
Junior High School: S.B. Jr.
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Proximity
Near Ocean: 1
Near Shopping: 1
Unit 1
# Units: 1
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 3600
Monthly Total: 3600
Income/Expenses
Total Monthly Income: 12800
Unit 2
# Bedrooms: 1
# Baths: 1
Rent: 2100
Zoning
Other: 1
Terms
Cash: 1
Ctel: 1
Listing Type
ER: 1
Unit 3
# Units: 2
# Bedrooms: 2
# Baths: 2
Rent: 2100
Monthly Total: 4200
Unit 4
# Units: 1
# Bedrooms: 1
# Baths: 1
Rent: 2900
Status Information
Sold Date: 2022-07-18
Sold Price: $3,950,165
Under Contract Date: 2022-06-06
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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