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
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.
More Information MLS# 24-2353
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: O13
Cross Street: Rancheria
Walk Score: 69
Bike Score: 99
District: 20 - SB/WEST OF STATE
Street #: 509
Street Name: Coronel
Street Suffix: Place
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 037-180-012
Contract Info
Seller Consider Concessions: Yes
Affordable Housing: No
Current Price: $1,200,000
Price: 1299500
Begin Date: 2024-07-17
Status: Closed
Status Information
Financing: Cash
Sold Date: 2025-08-14
Sold Price: $1,200,000
Under Contract Date: 2025-07-01
Property Information
Year Built: 1881
Apx Lot SqFt: 7405
Apx # Acres: 0.17
Total #Units: 1
Main House SqFt: 862
Source: Data Service
Recurring Fees: No
ADU: No
Within City Limits: Yes
TYP: Home/Estate
Total Bedrooms: 2
Total Bathrooms: 1
Total Full Baths: 1
Total SqFt.: 862
Neighborhood/Schools
Elementary School: McKinley
Junior High School: LaCumbre
High School: San Marcos
Owner Info
Deposit: 66000
Remarks
COVID Showing Remarks: Take COVID protocols
Hot Sheet Comment: price
Directions: Take Cliff Dr. to Rancheria to Coronel
Geo Lat: 34.410997
Geo Lon: -119.701207
Condition
Good: 1
Style
Cal. Cottage: 1
Craftsman: 1
Construction
Single Story: 1
Outside Stairs: 1
Roof
Composition: 1
Foundation
Raised: 1
Pier & Post: 1
Exterior
Wood Siding: 1
Parking/Garage
Garage: 1
Detached: 1
Grounds/Landscaping
Dog Run: 1
Built-in BBQ: 1
Fruit Trees: 1
Other Buildings
Workshop: 1
Other: 1
Location/Topo
Level: 1
Fencing
Fenced: ALL: 1
Fenced: BCK: 1
View
Setting: 1
Site Improvements
Public: 1
Paved: 1
Sidewalks: 1
Street Lights: 1
Cable TV: 1
Proximity
Near Bus: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Restaurants: 1
Rooms
Family Room: 1
Ground Floor Bedroom: 1
Ground Floor Primary: 1
Other: 1
Primary Bedroom: 1
Dining
Breakfast Area: 1
Dining Area: 1
Laundry
Laundry Room: 1
220V Elect: 1
In Unit: 1
Amenities
Dual Pane Window: 1
Remodeled Bath: 1
Remodeled Kitchen: 1
Appliances Included
Vented Exhaust Fan: 1
Disposal: 1
Gas Stove: 1
Refrigerator: 1
Security
Smoke Detector(s): 1
Water/Sewer
S.B. Wtr: 1
Pets
Yes: 1
Zoning
R-4: 1
Terms
Cash: 1
Conventional: 1
Cooling
Ceiling Fan(s): 1
Heating
Forced Air: 1
Flr/Wdw Coverings
Hardwood: 1
Other: 1
Blinds: 1
Pub Listing Details
None: 1
Contingent Remarks
HOME INSPECTN: 1
OTHER: 1
Electric
Net Meter: 1
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 School(s); Near Shopping; Restaurants
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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