509 Coronel Place, SANTA BARBARA, CA 93101 (MLS# 24-2353)

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509 Coronel Place, SANTA BARBARA, CA 93101

$1,200,000

Property Type: Res Bedrooms: 2 Baths: 1 Square Footage: 862 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $1,200,000 List Date: 7/17/2024 Last Modified: 8/18/2025

Overview

Description

Located in the heart of Santa Barbara, 509 Coronel Place presents an exceptional opportunity for both owner-users and investors looking to capitalize on the potential of an R-4 zoned lot, which allows for the development of multiple residential units in a city known for its strong real estate market and high demand for housing. This property currently features a charming 2-bedroom, 1-bathroom California cottage that exudes classic architectural charm and offers immediate livability while also serving as an excellent foundation for future development. Take advantage of this investment opportunity in a prime Santa Barbara location. Perfectly positioned just minutes from Santa Barbara City College, downtown and the beach, this property offers an unbeatable blend of convenience.

Supplements: Plus access to all conveniences. The R-4 zoning provides excellent upside for investors looking to maximize the lot's potential with future development or expansion (buyer to verify with City). The property has the electrical upgraded to 240 V.

Listing Details MLS# 24-2353

Location Info

District: 20 - SB/WEST OF STATE
Street #: 509
Street Name: Coronel
Street Suffix: Place
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: O13
County: Santa Barbara
Parcel Number: 037-180-012
Cross Street: Rancheria
Walk Score: 69
Bike Score: 99

Contract Info

Price: 1299500
Seller Consider Concessions: Yes
Affordable Housing: No
Begin Date: 2024-07-17

Status Information

Financing: Cash
Sold Date: 2025-08-14
Under Contract Date: 2025-07-01

Property Information

TYP: Home/Estate
Total Bedrooms: 2
Total Bathrooms: Yes
Total Full Baths: Yes
Year Built: 1881
Total SqFt.: 862
Source: Data Service
Main House SqFt: 862
Apx # Acres: 0.17
Apx Lot SqFt: 7405
ADU: No
Within City Limits Y/N: Yes
Total # Units in Development: Yes
Recurring Fees: No

Remarks

COVID Showing Remarks: Take COVID protocols
Directions: Take Cliff Dr. to Rancheria to Coronel
Hot Sheet Comment: price

Owner Info

Deposit: 66000

More Information

Neighborhood/Schools

Elementary School: McKinley
Junior High School: LaCumbre
High School: San Marcos

Condition

Good: Yes

Style

Cal. Cottage: Yes
Craftsman: Yes

Construction

Single Story: Yes
Outside Stairs: Yes

Roof

Composition: Yes

Foundation

Raised: Yes
Pier & Post: Yes

Exterior

Wood Siding: Yes

Parking/Garage

Garage: Yes
Detached: Yes

Grounds/Landscaping

Dog Run: Yes
Built-in BBQ: Yes
Fruit Trees: Yes

Other Buildings

Workshop: Yes
Other: Yes

Location/Topo

Level: Yes

Fencing

Fenced: ALL: Yes
Fenced: BCK: Yes

View

Setting: Yes

Site Improvements

Public: Yes
Paved: Yes
Sidewalks: Yes
Street Lights: Yes
Cable TV: Yes

Proximity

Near Bus: Yes
Near Ocean: Yes
Near Park(s): Yes
Near Restaurants: Yes
Near School(s): Yes
Near Shopping: Yes

Rooms

Family Room: Yes
Ground Floor Bedroom: Yes
Ground Floor Primary: Yes
Other: Yes
Primary Bedroom: Yes

Dining

Breakfast Area: Yes
Dining Area: Yes

Laundry

Laundry Room: Yes
220V Elect: Yes
In Unit: Yes

Amenities

Dual Pane Window: Yes
Remodeled Bath: Yes
Remodeled Kitchen: Yes

Appliances Included

Vented Exhaust Fan: Yes
Disposal: Yes
Gas Stove: Yes
Refrigerator: Yes

Security

Smoke Detector(s): Yes

Water/Sewer

S.B. Wtr: Yes

Pets

Yes: Yes

Zoning

R-4: Yes

Terms

Cash: Yes
Conventional: Yes

Cooling

Ceiling Fan(s): Yes

Heating

Forced Air: Yes

Flr/Wdw Coverings

Hardwood: Yes
Other: Yes
Blinds: Yes

Pub Listing Details

None: Yes

Contingent Remarks

HOME INSPECTN: Yes
OTHER: Yes

Electric

Net Meter: Yes

Property Features

Condition: Good Style: Cal. Cottage; Craftsman Construction: Single Story; Outside Stairs Roof: Composition Foundation: Raised; Pier & Post Exterior: Wood Siding Fencing: Fenced: ALL; Fenced: BCK Other Buildings: Workshop; Other View: Setting Site Improvements: Public; Paved; Sidewalks; Street Lights; Cable TV Proximity: Near Bus; Near Ocean; Near Park(s); Near Restaurants; Near School(s); Near Shopping Rooms: Family Room; Ground Floor Bedroom; Ground Floor Primary; Other; Primary Bedroom Dining: Breakfast Area; Dining Area Laundry: 220V Elect; Laundry Room; In Unit Amenities: Dual Pane Window; Remodeled Bath; Remodeled Kitchen Appliances Included: Vented Exhaust Fan; Disposal; Gas Stove; Refrigerator Security: Smoke Detector(s) Cooling: Ceiling Fan(s) Heating: Forced Air Electric: Net Meter Pets: Yes Zoning: R-4 Terms: Cash; Conventional Pub Listing Details: None Contingent Remarks: HOME INSPECTN; OTHER

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: August - 18 - 2025

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