509 Coronel Place, Santa Barbara, CA 93101 - Berkshire Hathaway HomeServices California Properties

509 Coronel Place, Santa Barbara, CA 93101

$1,399,000 Approx. USD 2 beds, 1 baths
862 sqft

Listing Agent


Anthony Bordin | AnthonyBordin@bhhscal.com
Lic#: 00974047
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# V1-24680
List price is $1,399,000 Reduced by $101,000 on 4/7/2025
Price: $1,399,000
Beds: 2
Baths: 1 (1 full)
None fireplaces
Built in 1881
862 sqft
1 story
0.17 acres
Lot size: 0.1700
County: Santa Barbara
Property style: Cottage,Craftsman,Ranch,Patio Home
Zoning: R-4
Construction: Drywall,Frame,Glass,Lap Siding,Natural Building,Plaster,Stucco,Unknown,Wood Siding,Copper Plumbing
Interior features: Ceiling Fan(s),Separate/Formal Dining Room,Laminate Counters,Open Floorplan,Unfurnished,All Bedrooms Down,Bedroom on Main Level,Galley Kitchen,Main Level Primary,Walk-In Closet(s)
Exterior features: Barbecue
Appliances: Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Water To Refrigerator,Water Heater
Parking description: Door-Single,Garage,Off Street,Other,Paved
Lot description: TwoToFiveUnitsAcre,Back Yard,Front Yard,Garden,Near Public Transit,Rectangular Lot,Sprinklers None,Street Level,Value In Land,Walkstreet,Yard
Heating/cooling: None
Heating description: Central,Forced Air,Natural Gas
MLS area: VC81 - Santa Barbara

Last Updated: 5/4/2025

 Days On Market (DOM): 291

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This listing belongs to the VC81 - Santa Barbara MLS area

The style of this listing is Cottage,Craftsman,Ranch,Patio Home.
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Lat/Long: 34.410990, -119.701202.
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Source: CRM. Also Available in 24-2353,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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