1030-1032 E Mason Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
ACTIVE$4,300,000/sqft
1030-1032 E Mason Street, SANTA BARBARA, CA 93103
0Bed
0Bath
Sqft
24,829Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Versatile Investment Opportunity: The property offers a rare and versatile investment opportunity with three distinct structures: a church with an attached apartment, a spacious single-family residence, and a 6-unit apartment building, providing diversified income streams.
Top Cons:
Management Complexity: Operating and managing three distinct structures with varied uses (church, SFR, and senior housing apartments) could present significant operational and administrative challenges.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Condition: The property comprises multiple structures with varying ages. The 6-unit apartment building, constructed in 2017, features contemporary finishes, modern white kitchens with new appliances, and wood-look flooring, placing these units in excellent condition. The original church structure, while older, appears well-maintained with beautiful wood ceilings and floors. The SFR also appears well-maintained from the exterior. While not all components are 'virtually new' to qualify for an 'Excellent' overall score, the significant portion of new construction (apartments) combined with the well-maintained older structures makes the entire property move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Year Built
Close
-
List price
$4.3M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2841
Home ConditionGood
Features
Good View:
Deck
Patio
View-
About this home
Situated on over half an acre in the heart of Santa Barbara, 1030/1032 E Mason presents a rare + versatile investment opportunity featuring three distinct structures: a church+ 1bedroom, 1-bath attached apt, a spacious SFR+a 6-unit apt building. 7of the 1 bd units operate as senior housing, offering a peaceful and private set-ting enhanced by lush landscaping and tall, mature palm trees. The apartments, constructed in 2017, feature contemporary finishes, full kitchens, and in-unit appliances. The original church structure is steeped in character, boasting cathedral wood ceilings and beautiful, timeless architectural details. The adjacent SFR includes 3bed/2ba, with a well-designed floor plan that feels both functional and inviting.
S
Steven Golis
Listing Agent
Condition Rating
Good
The property comprises multiple structures with varying ages. The 6-unit apartment building, constructed in 2017, features contemporary finishes, modern white kitchens with new appliances, and wood-look flooring, placing these units in excellent condition. The original church structure, while older, appears well-maintained with beautiful wood ceilings and floors. The SFR also appears well-maintained from the exterior. While not all components are 'virtually new' to qualify for an 'Excellent' overall score, the significant portion of new construction (apartments) combined with the well-maintained older structures makes the entire property move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons
Pros
Versatile Investment Opportunity: The property offers a rare and versatile investment opportunity with three distinct structures: a church with an attached apartment, a spacious single-family residence, and a 6-unit apartment building, providing diversified income streams.
Prime Santa Barbara Location: Situated on over half an acre in the heart of Santa Barbara, a highly desirable and affluent coastal city, enhancing property value and appeal.
Modern Apartment Units: The 6-unit apartment building, constructed in 2017, features contemporary finishes, full kitchens, and in-unit appliances, appealing to modern tenants.
Established Senior Housing Component: Seven of the 1-bedroom units are dedicated to senior housing, offering a peaceful, private setting with lush landscaping, which can provide a stable tenant base.
Unique Architectural Character: The original church structure boasts cathedral wood ceilings and beautiful, timeless architectural details, adding distinctive charm and potential for creative use.
Cons
Management Complexity: Operating and managing three distinct structures with varied uses (church, SFR, and senior housing apartments) could present significant operational and administrative challenges.
Niche Market Appeal: The unique combination of property types, particularly the church and dedicated senior housing, may appeal to a more specialized investor pool, potentially limiting market liquidity.
Potential for Older Structure Maintenance: While the apartments are new, the original church and SFR structures, despite their character, may require ongoing maintenance or future capital expenditures that are not explicitly detailed.