1107 E Cota St Santa Barbara, CA 93103
Eastside NeighborhoodEstimated payment $37,341/month
Highlights
- 0.5 Acre Lot
- Property is near park, public transit, schools, shops, and bus stop
- 12 Car Garage
- Franklin Elementary School Rated A-
- Wood Flooring
- Heating Available
About This Home
Nestled at the base of Santa Barbara's famed Lower Riviera, this exceptional investment opportunity consists of six freestanding homes across two adjacent parcels at 1107 and 1111 E Cota Street, located just minutes from Downtown
Santa Barbara, the Santa Barbara County Bowl, the Funk Zone, a wide variety of shopping, and Santa Barbara's white sand beaches. The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota St were constructed in 1999, while 1111 E Cota was originally built in the mid-1920s
and substantially remodeled in 1999.
See ''more'' Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes. Additionally, 1111 E Cota St includes a lower-level room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value. Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1999
Lot Details
- 21,780 Sq Ft Lot
- Property is in good condition
Parking
- 12 Car Garage
Home Design
- 8,853 Sq Ft Home
Flooring
- Wood
- Vinyl Plank
Schools
- Franklin Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- Laundry in unit
- Property is near park, public transit, schools, shops, and bus stop
- Heating Available
Community Details
- 6 Units
- Gross Income $389,400
Listing and Financial Details
- Assessor Parcel Number 031-190-032
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,542 | $3,329,280 | $1,300,500 | $2,028,780 |
| 2023 | $34,542 | $3,200,000 | $1,250,000 | $1,950,000 |
| 2022 | $20,270 | $1,906,005 | $808,608 | $1,097,397 |
| 2021 | $19,806 | $1,868,633 | $792,753 | $1,075,880 |
| 2020 | $19,602 | $1,849,474 | $784,625 | $1,064,849 |
| 2019 | $19,261 | $1,813,211 | $769,241 | $1,043,970 |
| 2018 | $18,988 | $1,777,658 | $754,158 | $1,023,500 |
| 2017 | $18,362 | $1,742,803 | $739,371 | $1,003,432 |
| 2016 | $17,915 | $1,708,631 | $724,874 | $983,757 |
| 2015 | $17,719 | $1,682,967 | $713,986 | $968,981 |
| 2014 | $13,294 | $1,255,675 | $502,270 | $753,405 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $6,500,000 | +103.1% | $734 / Sq Ft | |
| 08/31/2022 08/31/22 | Sold | $3,200,000 | 0.0% | $728 / Sq Ft | View Prior Sale |
| 08/14/2022 08/14/22 | Off Market | $3,200,000 | -- | -- | |
| 05/16/2022 05/16/22 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,200,000 | First American Title | |
| Interfamily Deed Transfer | -- | Chicago Title Co Com Div | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | -- | Fidelity National Title Co | |
| Trustee Deed | $990,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $2,400,000 | Commercial | |
| Previous Owner | $2,100,000 | Negative Amortization | |
| Previous Owner | $740,000 | Purchase Money Mortgage |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1193
APN: 031-190-032
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