519 W Los Olivos Street, SANTA BARBARA, CA 93105
$1,200,000
Property Type:
Res Inc
Square Footage:
1,625
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$1,200,000
List Date:
10/02/2023
Last Modified:
12/07/2023
Description
Investment opportunity with upside in a prime Santa Barbara location!
Positioned in a hub of growth, and eligible for the City's AUD Medium-High Density Program (i.e. more units), this duplex with R-3 zoning is poised for lucrative future development. The current 2 bed/1 bath + 1 bed/1 bath single level configuration makes for solid rentability. The detached 2 car garage offers options for a potential ADU. With Cottage Hospital nearby, and all the shops and dining along the De La Vina corridor, this property has tremendous upside potential.
More Information MLS# 23-2959
Location Info
District: 20 - SB/WEST OF STATE
Street #: 519
Dir: W
Street Name: Los Olivos
Street Suffix: Street
State/Province: CA
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 025-210-002
Cross Street: Oak ParkLn
Contract Info
Current Price: $1,200,000
Price: 1350000
Buyers Agent $/%: 2.5
Begin Date: 2023-10-02
Status: Closed
Status Information
Sold Date: 2023-12-07
Sold Price: $1,200,000
Under Contract Date: 2023-11-06
Property Information
Number of Units: 2
Stories: 1
Year Built: 1956
Main House SqFt: 1625
Apx # Acres: 0.2
Apx Lot SqFt: 8712
Recurring Fees: No
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 2
# Refrigerators: 2
# Stoves: 2
Unit 1
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 1600
Monthly Total: 1600
Unit 2
# Units: 1
# Bedrooms: 1
# Baths: 1
Rent: 1600
Monthly Total: 1600
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Total # Garage Spaces: 2
Property Features
Unit 1: M/M
Unit 2: M/M
Condition: Good; Average
Foundation: Slab
Parking Info: Gar #2; Detached
Proximity: Near Bus; Near Hospital; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room; Other
Amenities: Patio; Fireplace; Gas Stove; Ovens/Bltin; Refrigerator
Flr/Wdw Coverings: Carpet; Wood/Laminate
Security: Smoke Detector(s)
Heating/Cooling: Wall
Zoning: R-3
Terms: Cash; Ctnl
Listing Type: ER
Pub Listing Details: Estate Sale
Documents
Floor Plan ›Listing Office: Village Properties
Last Updated: December - 07 - 2023
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