427 Corona Del Mar, SANTA BARBARA, CA 93103
$5,645,000
Property Type:
Res Inc
Square Footage:
1,600
Lot Size (sq. ft.):
12,000
Status:
Closed
Current Price:
$5,645,000
List Date:
7/03/2018
Last Modified:
4/17/2019
Description
Live the Dream! Own this fully operational 1900's Bed & Breakfast that features 13 en suite bedrooms in 3 separate buildings (Old Yacht Club Inn, Hitchcock House + Cottage) on 2 legal lots. The property is Hotel zoned for a perfect short term rental business by the beach! This sale includes a Title 41 ABC license (beer + wine) and an ongoing, fully furnished operation with SB Vacation Rentals as manager. Located very close to East beach, this amazing hotel opportunity offers a commercial kitchen, laundry, storage, 2 car garage, off site parking, large living room, fireplace, and sitting porch. Abundant charm and the chance to improve this already exciting business makes it an excellent opportunity!
More Information MLS# 18-2399
Location Info
District: 15 - SB/EAST OF STATE
Street #: 427
Street Name: Corona Del Mar
State/Province: CA
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: Q12
County: Santa Barbara
Parcel Number: 017-322-020
Cross Street: Cabrillo Blvd
Contract Info
Current Price: $5,645,000
Price: 6500000
Financing: Cash
Buyers Agent $/%: 2
Begin Date: 2018-07-03
Status: Closed
Status Information
Sold Date: 2018-12-06
Sold Price: $5,645,000
Under Contract Date: 2018-09-09
Property Information
Number of Units: 13
Stories: 2
Year Built: 1900
Main House SqFt: 1600
Other Structures SqFt: 1950
Apx # Acres: 0.28
Apx Lot SqFt: 12000
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 15 - East Beach
Elementary School: Other
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 200000
Miscellaneous
Parking Spaces: 6
# Refrigerators: 2
# Stoves: 2
Unit 1
# Units: 5
# Bedrooms: 5
# Baths: 5
Furnished: Y
Rent: 789
Monthly Total: 21000
Unit 2
# Units: 7
# Bedrooms: 7
Furnished: Y
Unit 3
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: Y
Meters
Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No
Property Features
Condition: Excellent; Good
Foundation: Raised
Parking Info: Garages; Uncovered; Gar #2; Unc #4; Detached
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Patio; Fireplace; Gas Stove; Dishwasher; Disposal; Microwave; Washer; Dryer; Refrigerator; 220V; Cable TV; Fncd Prt
Flr/Wdw Coverings: Hardwood; Tile
Security: Smoke Detector(s)
Heating/Cooling: GFA
Zoning: Other
Reports Available: TDS
Exchange: Poss
Terms: Cash; Ctnl
Listing Type: ER
Pub Listing Details: None
Contingent Remarks: HOME INSPECTN
Listing Office: Goodwin & Thyne Properties
Last Updated: April - 17 - 2019
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