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2131 Modoc Road, SANTA BARBARA, CA 93101

$1,985,000
Property Type: Res Inc Square Footage: 1,135 Lot Size (sq. ft.): 8,276 Status: Closed
Current Price: $1,985,000 List Date: 7/09/2024 Last Modified: 8/14/2026

Overview

Description

This versatile and extensively renovated multi-family property features a 3-bed, 2-bathroom modern cottage with an expansive, permitted 2-bedroom ADU in the backyard. The grounds create a tropical oasis with a sparkling pool, surrounded by low-maintenance synthetic grass, lush tropical plants, palm trees, & enticing outdoor amenities like a firepit, outdoor kitchen, & built-in entertaining deck. Positioned perfectly between downtown Santa Barbara & the beach this property captures premium rents as your tenants enjoy easy access to SBCC, parks, Cottage Hospital, top-notch shopping & dining, & a new paved bike path leading straight to Hendry's Beach. Established, easy-to-work-with tenant pays $120k/year. Don't miss this opportunity for a turnkey investment opportunity in a premium location!

Listing Details MLS# 24-2237

Location Info

District
20 - SB/WEST OF STATE
Street #
2131
Street Name
Modoc
Street Suffix
Road
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
N12
County
Santa Barbara
Parcel Number
043-042-017
Cross Street
Portesuello Ave
Bike Score
76

Contract Info

Price
1995000
Buyers Agent $/%
2.5
Begin Date
2024-07-08

Status Information

Sold Date
2024-08-05
Under Contract Date
2024-07-17

Property Information

Number of Units
2
Year Built
1948
Main House SqFt
1135
Other Structures SqFt
1000
Apx # Acres
0.19
Apx Lot SqFt
8276
Recurring Fees
No

NeighborhoodSchools

Neighborhood
15 or 20 - Downtown

Remarks

Hot Sheet Comment
new

More Information

Owner Info

Deposit
3

Miscellaneous

Parking Spaces
4
# Refrigerators
2
# Stoves
2

Unit 1

# Units
Yes
# Bedrooms
3
# Baths
2
Furnished
N
Rent
10000
Monthly Total
10000
# Half Baths
0
Lease
Yes

Unit 2

# Units
Yes
# Bedrooms
2
# Baths
Yes
# Half Baths
0
Lease
Yes

Parking Info

Total # Unconvered Spaces
4
Unc #4
Yes
Converted Garage
Yes

Neighborhood/Schools

Elementary School
Harding
Junior High School
LaCumbre
High School
S.B. Sr.

Condition

Excellent
Yes

Foundation

Mixed
Yes

Proximity

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

Laundry

In Unit
Yes

Amenities

Pool
Yes
Patio
Yes
Spa
Yes
Cable TV
Yes
Fireplace
Yes
Gas Stove
Yes
Dishwasher
Yes
Disposal
Yes
Other
Yes
Fncd Back
Yes

Income/Expenses

Total Monthly Income
10000
Annual Income
120000
Gross Rent Multiplr
16.6
Capitalization Rate
4
Estimated
Yes
Total Monthly Exp
3500
NOI
78,000

Security

Smoke Detector(s)
Yes

Heating

Wall
Yes

Cooling

Ceiling Fan(s)
Yes
Attic Fan(s)
Yes

Zoning

R-1
Yes

Reports Available

TDS
Yes
Prelim
Yes
NHD
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Flr/Wdw Coverings

Hardwood
Yes
Wood/Laminate
Yes
Stone
Yes

Owner Provides

Other
Yes

Property Features

Unit 1: Lease Unit 2: Lease Condition: Excellent Foundation: Mixed Parking Info: Unc #4; Converted Garage Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Amenities: Pool; Patio; Spa; Fireplace; Gas Stove; Dishwasher; Disposal; Cable TV; Fncd Back; Other Security: Smoke Detector(s) Cooling: Ceiling Fan(s); Attic Fan(s) Heating: Wall Owner Provides: Other Zoning: R-1 Reports Available: TDS; Prelim; NHD Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: eXp Realty of California, Inc.
Last Updated: August - 14 - 2026
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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