• Asking Price See Price
  • Estimated Value: $1,202,474
  • MONTECITO SANTA BARBARA, CA 93103

  • 2 Beds 2 Baths
  • Single Family Home / Owner Financing

Property Details for MONTECITO St, SANTA BARBARA, CA 93103

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!

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Property Brokerage: Village Properties, Inc. 1436 State Street Santa Barbara CA 93101
Copyright © 2024 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.