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1231 1WEUP72YVAFO Mason 1WEUP77SKJSK

$2,799,000

Exceptional trophy investment of 3 newly remodeled cottages. Rarely do you find a turn-key investment like this one with large upside potential. Perfect for an owner/user or a 1031 buyer looking for an add-value play. The big upside is the plans pending for two additional cottages(ADUs) with market rents at $4,500 for each additional cottage. The existing three cottages(all leases month-to-month) have been remodeled extensively with current rents grossing $10,050 per month. The front cottage(907 SF) has 2 bedrooms and 2 bathrooms with a fenced-in front yard at $3,250 per month(market rent $4,000). The tastefully updated back two cottages(941 SF each) have mirrored floor plans with 2 bedrooms and 1 bathroom.

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  • 1231 1WEUP72YVAFO Mason 1WEUP77SKJSK
    SANTA BARBARA, California 93103

  • List Price: $2,799,000

  • 6 Bedrooms
  • 4 Full Baths

  • Elementary School: Franklin
  • Middle School: S.B. Jr.
  • High School: S.B. Sr.

  • 8 Parking Spots

  • This property is currently listed by Austin R Jones with Big Block Realty, Inc..

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