1111 E Cota Street, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - bed, bath
ACTIVE$3,340,000$4,457/sqft
1111 E Cota Street, SANTA BARBARA, CA 93103
0Bed
0Bath
4,457Sqft
10,890Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: The property is explicitly marketed as an 'exceptional investment opportunity' consisting of three freestanding homes, ideal for generating rental income or multi-generational living.
Top Cons:
High Entry Price Point: With a list price of $3.34 million, the property represents a substantial investment, which may limit the pool of potential 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. While the exteriors appear well-maintained in the provided images, there are no interior photos to assess the condition of kitchens, bathrooms, or other key living spaces. Given its age and the lack of renovation details, it's likely that the interiors, especially kitchens and bathrooms, are in their original condition and would benefit from updates to meet modern standards. This aligns with a 'Fair' condition, where the home is maintained but components show signs of being outdated and minor updates or repairs may be required.
Year Built
1999
Close
-
List price
$3.34M
Original List price
-
Price/Sqft
$749
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3962
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 variety of shopping, and Santa Barbara's white sand beaches.
C
Christos Celmayster
Listing Agent
Price History
Date
Event
Price
08/31/22
Sold
$3,250,000
07/15/11
Sold
$1,200,000
Condition Rating
Fair
The property was built in 1999, making it 25 years old. While the exteriors appear well-maintained in the provided images, there are no interior photos to assess the condition of kitchens, bathrooms, or other key living spaces. Given its age and the lack of renovation details, it's likely that the interiors, especially kitchens and bathrooms, are in their original condition and would benefit from updates to meet modern standards. This aligns with a 'Fair' condition, where the home is maintained but components show signs of being outdated and minor updates or repairs may be required.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property is explicitly marketed as an 'exceptional investment opportunity' consisting of three freestanding homes, ideal for generating rental income or multi-generational living.
Prime Lower Riviera Location: Nestled at the base of Santa Barbara's famed Lower Riviera, the property offers unparalleled proximity to Downtown Santa Barbara, the County Bowl, Funk Zone, shopping, and white sand beaches.
Multiple Freestanding Homes: The unique configuration of three separate freestanding homes provides significant flexibility for diverse rental strategies or owner-occupancy with additional income streams.
No Association Fees: The absence of association fees is a notable financial advantage, reducing ongoing ownership costs for an income-generating property.
Relatively Modern Construction: Built in 1999, the homes are relatively modern compared to much of Santa Barbara's housing stock, suggesting potentially fewer immediate major structural or system issues.
Cons
High Entry Price Point: With a list price of $3.34 million, the property represents a substantial investment, which may limit the pool of potential buyers.
Lack of Detailed Unit Information: The description mentions 'three freestanding homes' but lacks specific details on individual unit configurations (beds/baths), current rental income, or occupancy, which are crucial for an investment analysis.
Potential for Updates/Maintenance: While built in 1999, the homes are 25 years old. Without specific renovation details, there's a possibility that some components or aesthetics may require updates or maintenance soon to maximize rental income or appeal.