1107 E Cota Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
ACTIVE$3,340,000$4,394/sqft
1107 E Cota Street, SANTA BARBARA, CA 93103
0Bed
0Bath
4,394Sqft
10,890Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Nestled in Santa Barbara's desirable Lower Riviera, the property offers excellent proximity to Downtown, the County Bowl, Funk Zone, shopping, and beaches.
Top Cons:
High Entry Price Point: The list price of $3.34 million represents a significant investment, potentially limiting the pool of prospective buyers.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1999 (27 years old).
Condition: The property was built in 1999, making it 25 years old. The listing description does not mention any major recent renovations, and no interior images are provided to assess the condition of kitchens, bathrooms, or other interior features. Based on its age and the absence of renovation details, it is assumed that the interior components are largely original to the build year. While the exterior appears well-maintained in the provided images, the interior is likely functional but outdated in terms of style and features, requiring minor updates to meet current aesthetic standards. This aligns with the 'Fair' criteria for properties built within the last 25 to 40 years with no major renovations since construction, where major components are functional but show signs of being outdated.
Year Built
1999
Close
-
List price
$3.34M
Original List price
-
Price/Sqft
$760
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3961
Home ConditionFair
Features
View-
About this home
Nestled at the base of Santa Barbara's famed Lower Riviera lies this exceptional investment opportunity consisting of three freestanding homes located just minutes to Downtown Santa Barbara, Santa Barbara's County Bowl, the Funk Zone, a wide arrange of shopping, and Santa Barbara's white sand beaches. Constructed in 1999, each home is a 3BD/2BA with an attached two-car garage ranging in size from 1,300 to 1,600 SF. Each home features its own laundry room, an exclusive outdoor living space, and is separately metered for all utilities. Originally designed and built to be condominiums, this offering represents a truly unique opportunity for a wide array of buyers, including owner-occupants, apartment investors, 1031 exchange buyers, employee housing buyers, and/or value-add buyers interested in adding one accessory dwelling unit or converting the homes into individual condos.
C
Christos Celmayster
Listing Agent
Price History
Date
Event
Price
08/31/22
Sold
$3,200,000
Condition Rating
Fair
The property was built in 1999, making it 25 years old. The listing description does not mention any major recent renovations, and no interior images are provided to assess the condition of kitchens, bathrooms, or other interior features. Based on its age and the absence of renovation details, it is assumed that the interior components are largely original to the build year. While the exterior appears well-maintained in the provided images, the interior is likely functional but outdated in terms of style and features, requiring minor updates to meet current aesthetic standards. This aligns with the 'Fair' criteria for properties built within the last 25 to 40 years with no major renovations since construction, where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Prime Location: Nestled in Santa Barbara's desirable Lower Riviera, the property offers excellent proximity to Downtown, the County Bowl, Funk Zone, shopping, and beaches.
Multi-Unit Investment Opportunity: Consisting of three freestanding 3BD/2BA homes, this property is a robust residential income asset ideal for various investors.
Modern Construction & Desirable Unit Mix: Built in 1999, each home features a modern 3-bedroom, 2-bathroom layout with an attached two-car garage, appealing to a broad tenant base.
Individual Unit Amenities & Separate Metering: Each home includes its own laundry room, exclusive outdoor living space, and is separately metered for all utilities, enhancing tenant appeal and ease of management.
Versatile Investment Potential: Originally designed for condominiums, the property offers unique value-add opportunities, including potential condo conversion or ADU additions, catering to diverse buyer strategies.
Cons
High Entry Price Point: The list price of $3.34 million represents a significant investment, potentially limiting the pool of prospective buyers.
Recent Price Increase: The current listing price is higher than the last recorded sale price, which may require justification based on market appreciation or undisclosed improvements.
Potential for Updates: While built in 1999, the description does not specify recent renovations, suggesting some components may be original and could require future updates or maintenance.