509 Coronel Place Santa Barbara CA 93101 MLS #V1-24680

509 Coronel Place
Santa Barbara, CA, 93101
$1,500,000
2 Beds
1 Baths
862 SqFt
0.17 Acres
In conclusion, 509 Coronel Place represents an extraordinary real estate opportunity in Santa Barbara, offering a combination of immediate usability, strong income potential, and significant development possibilities. The existing 2-bedroom, 1-bathroom California cottage provides a move-in-ready option for an owner-user while offering ample room for expansion and redevelopment. The R-4 zoning designation allows for high-density residential construction, making this an attractive option for investors seeking to build multi-unit housing in a city with high demand and limited supply. Whether the goal is to develop a small apartment complex, luxury townhomes, or a mixed-use property, the possibilities for maximizing this property’s value are vast. With Santa Barbara’s real estate market continuing to thrive, now is the perfect time to invest in a property with such unique potential. 509 Coronel Place offers the rare combination of a prime location, flexible development options, and strong appreciation potential, making it one of the best investment opportunities available in Santa Barbara today. Whether for personal use, rental income, or large-scale development, this property stands out as a top-tier investment that will continue to increase in value over time, providing both financial rewards and the opportunity to contribute to Santa Barbara’s evolving housing landscape.

Property Details

Price:
$1,500,000
MLS #:
V1-24680
Status:
Active
Beds:
2
Baths:
1
Address:
509 Coronel Place
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Jul 17, 2024
State:
CA
Finished Sq Ft:
862
ZIP:
93101
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1881
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JoAnn

JoAnn

Realtor®

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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Interior

Accessibility Features
Grab Bars In Bathroom(s), Ramp – Main Level, Parking
Appliances
Refrigerator, Gas Oven, Water Heater, Gas Water Heater, Gas Range, Water Line to Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Vinyl, Wood
Heating
Central, Natural Gas, Forced Air
Interior Features
Open Floorplan, Unfurnished, Laminate Counters, Formica Counters, Copper Plumbing Full, Ceiling Fan(s)
Window Features
Double Pane Windows, Blinds

Exterior

Community Features
Curbs, Sidewalks, Street Lights, Storm Drains
Electric
Electricity – On Property, Standard
Exterior Features
Barbecue Private
Fencing
Cross Fenced, Average Condition, Good Condition, Wood
Foundation Details
Pillar/ Post/ Pier, Raised
Garage Spaces
1.00
Lot Features
Back Yard, 2-5 Units/ Acre, Value In Land, Sprinklers None, Patio Home, Near Public Transit, Lot 6500-9999, Level with Street, Garden, Yard, Walkstreet, Utilities – Overhead, Rectangular Lot, Front Yard
Parking Features
Garage, Off Street, Paved, Other, Garage – Single Door
Parking Spots
2.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Utilities
Cable Connected, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected

Map

Community

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broker reciprocity Courtesy of Berkshire Hathaway HomeServices California Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
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509 Coronel Place
Santa Barbara, CA