$1,800,000

Estimated payment $10,747/month

Total Views 10,862
4 Beds
3.5 Baths
3,200 Sq Ft
$562 Price per Sq Ft

Highlights

  • Additional Residence on Property
  • Property is near an ocean
  • Property is near public transit
  • San Marcos Senior High School Rated A
  • Mountain View
  • 4-minute walk to Parque De Lis Niños

About This Home

Investment Opportunity in Prime Santa Barbara Location!

Don't miss this rare chance to own a versatile duplex zoned R-4 (Residential Multi-Unit) in the heart of Santa Barbara! Perfectly situated just minutes from Santa Barbara City College,Downtown and the beach, this property offers an unbeatable blend of convenience, lifestyle, and income potential.

potencial living spaces ideal for tenants, students, or extended families. The R-4 zoning provides excellent upside for investors looking to maximize the lot's potential with future development or expansion (buyer to verify with City).
Whether you're looking to generate strong rental income, live in one unit and rent the other, or explore redevelopment opportunity.

Listing Agent

Luis D Martinez

Sotheby's International Realty License #02090082 Listed on: 05/20/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,273

Year Built

  • Built in 1932

Lot Details

  • 4,780 Sq Ft Lot
  • Level Lot
  • Property is in average condition
  • Property is zoned R-4

Home Design

  • Traditional Architecture
  • Split Level Home
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Property is near an ocean
  • Office or Studio

Additional Homes

  • Additional Residence on Property

Location

  • Property is near public transit
  • Property is near schools
  • Property is near a bus stop
  • City Lot

Schools

  • Mckinley Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 6 Units
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 035-270-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,273

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Directions: Rancheria st, straight forward to Coronel Pl, Left on Coronel St, Property is on the right at end of street
  • Prop. Type: Residential
  • Year Built: 1932
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: In Garage, Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • Architectural Style: Traditional
  • Unit Levels: Split Level, Two
  • New Construction: No
  • Reso Other Structures: Other, Studio
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1932
  • Property Information Total #Units: 6
  • Property Information Apx # Acres: 0.11
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: Yes
  • Roof:Composition: Yes
  • Exterior:Stucco: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Construction Two Story2: Yes
  • Other Buildings Studio: Yes
  • Proximity Restaurants: Yes
  • Property Information Apx Lot SqFt: 4780.0
  • Proximity Near Bus: Yes
  • Construction Split Level: Yes
  • Other Buildings Second Residence2: Yes
  • Laundry In Garage2: Yes
  • Site Improvements Cable TV3: Yes
  • Pets Yes: Yes
  • Condition Fair2: Yes
  • Architectural Style Traditional: Yes
  • ParkingGarage Unc #6: 5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Construction Type: Stucco, Other
  • Acres: 0.11
  • Topography: Level
  • Foundation Details: Mixed

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Schools

  • Elementary School: McKinley
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 035-270-006
  • Zoning: R-4
  • Lot Size Sq Ft: 4780.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $11,273 $1,083,339 $710,261 $373,078
2023 $11,273 $1,041,274 $682,682 $358,592
2022 $10,878 $1,020,858 $669,297 $351,561
2021 $10,628 $1,000,842 $656,174 $344,668
2020 $10,518 $990,580 $649,446 $341,134
2019 $10,335 $971,158 $636,712 $334,446
2018 $10,189 $952,117 $624,228 $327,889
2017 $11,081 $1,050,317 $735,932 $314,385
2016 $10,849 $1,029,723 $721,502 $308,221
2014 $10,554 $994,391 $696,745 $297,646
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 For Sale $1,800 -- $1 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $19,250 Credit Line Revolving
Open $787,500 Negative Amortization
Closed $675,000 New Conventional
Source: Public Records

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Source: Santa Barbara Multiple Listing Service

MLS Number: 25-1992

Santa Barbara Multiple Listing Service

APN: 035-270-006