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Sat

Apr

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$ 1,500,000

Est. payment | -/mo

2 Beds

1 Bath

862 SqFt

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$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

2 Beds

1 Bath

862 SqFt

OPEN HOUSE

Sun Apr 06, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Sub Type Home/Estate

Listing Status Active

Purchase Type For Sale

Square Footage 862 sqft

Price per Sqft $1,740

MLS Listing ID 24-2353

Style Cal Cottage,Craftsman

Bedrooms 2

Full Baths 1

Originating Board Santa Barbara Multiple Listing Service

Year Built 1881

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 7405.0

Property Sub-Type Home/Estate

Property 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. Whether the goal is to enjoy the home as a primary residence while benefiting from rental income opportunities or to pursue a larger-scale investment project, the versatility of this property makes it one of the most desirable investment. Before any development can proceed, a comprehensive review of the zoning and planning regulations for 509 Coronel Place is essential. Santa Barbara has stringent guidelines to preserve its unique character and minimize environmental impact. Working closely with city planners to ensure compliance and secure approvals is critical.

Developers may also need to engage with the community to address concerns about density, traffic, or aesthetic impact. Transparent communication and a thoughtful approach to integrating the project with the surrounding neighborhood can help build support for the development.

Location

State CA

County Santa Barbara

Direction Take Cliff Dr. to Rancheria to Coronel

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Window Features Blinds

Laundry Laundry Room, In Unit

Exterior

Exterior Feature Dog Run, Fruit Trees, Fenced: ALL, Fenced: BCK

Parking Features Gar #1, Detached

Community Features Sidewalks, Street Lights

Garage Yes

Building

Lot Description Level, Near Public Transit

Foundation Raised, Pier & Post

Water SB Wtr

Architectural Style Cal Cottage, Craftsman

New Construction No

Others

Tax ID 037-180-012

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

Virtual Tour https://my.matterport.com/show/?m=CNPc4dqtRK8&mls=1

Listed by Berkshire Hathaway HomeServices California Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 403-1270

lorena@home-ed.co

509 Coronel PL Place Santa Barbara, CA 93101

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Key Details

Location

Interior

Exterior

Building

Others

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509 Coronel PL Place