For Sale | Multifamily

1111 E Cota St, Santa Barbara

Three 3BD/2BA Homes with Attached Two-Car Garages
Property Description

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.

1111 E Cota Street was originally built in the mid 1920’s and was substantially remodeled in 1999 when 620 A & 620 B N Voluntario were built. Each home consists of 3BD/2BA with an attached two-car garage and range in size from 1,430 up to 1,530 SF. Each home features its own laundry room, its own 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 a value-add buyers interested in adding one accessory dwelling unit or converting the homes into individual condos. Specifically, 1111 E Cota Street contains a lower-level bonus room of approximately 327 square feet which is immediately adjacent to the 480 square foot two-car garage. The bonus room and garage could be combined to create an 800 square foot 2BD ADU to increase the properties rent potential or sales potential if condo minimized.

Property Details
Size 4,457 SF
Price $3,295,000
Lot Size 10,890 SF