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824 1WEUP72YVAFO Montecito 1WEUP77SKJSK

$1,150,000

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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  • 824 1WEUP72YVAFO Montecito 1WEUP77SKJSK
    SANTA BARBARA, California 93103

  • List Price: $1,150,000

  • 2 Bedrooms
  • 2 Full Baths

  • Subdivision: 15 - Lower Eastside

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

  • 8 Parking Spots

  • This property is currently listed by David Magid with Village Properties - 1.

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