$1,495,000
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2 Beds
2 Baths
6,098 Sqft Lot
SOLD DATE : 10/04/2023
Key Details
Property Type Single Family Home
Sub Type Home/Estate
Listing Status Sold
Purchase Type For Sale
Subdivision 05 - Summerland
MLS Listing ID 23-2169
Sold Date 10/04/23
Style Cal Cottage,Ranch,Craftsman
Bedrooms 2
Full Baths 2
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 6098.4
Property Sub-Type Home/Estate
Source Santa Barbara Multiple Listing Service
Property Description
Enjoy one of the last remaining original duplexes overlooking the Pacific Ocean in the picturesque town of Summerland, California. This exceptional property offers boundless potential and flexibility, making it an ideal investment opportunity or a perfect place to call home. Situated in the coveted Coastal Zone, this duplex opens the door to a world of possibilities. This property provides an exceptional space that serves as a lucrative income-generating asset. With its unique layout, you have the option to live in one unit and rent out the other, providing a steady stream of rental income. Plus a detached 3 car garage opens up more possibilities.
The property's true potential lies in its adaptability. The spacious lot size may allow expansion presenting an incredible opportunity for development. Whether you envision expanding the existing duplex or creating an entirely new structure as an ADU, the choice is yours. (buyer to verify) With the Coastal Zone designation, you can explore legal short-term rentals, further maximizing your income potential.
Located in a prime location near Summerland's charming downtown area. Take a leisurely stroll to local boutiques, restaurants, and cafes, immersing yourself in the relaxed coastal lifestyle. The nearby beaches beckon you to indulge in water activities or simply unwind on the sandy shores.
The property's strategic location also grants easy access to the region's renowned attractions. Explore the nearby Santa Barbara Riviera, where you can revel in stunning views or indulge in world-class shopping along State Street. The vibrant cultural scene, art galleries, and award-winning wineries further enrich the experience of living in this captivating coastal region.
Whether you're seeking a profitable investment or a coastal haven to call your own, this property offers the flexibility and income-generating possibilities that dreams are made of. Embrace the coastal lifestyle, embrace the opportunity - this duplex awaits your vision.
Location
State CA
County Santa Barbara
Community 05 - Summerland
Direction Hwy 101 exit Padaro. Turn towards the mountains. Left on Via Real, right on Olive St., left on Banner Ave. 3rd house on the left.
Interior
Heating Wall, Wall Furnace
Window Features Drapes,Blinds
Laundry None
Exterior
Exterior Feature Deck
Parking Features Gar #3, Detached
Garage Spaces 3.0
Total Parking Spaces 3
Garage Yes
Building
Lot Description Rolling Slope, Sloped Down
Foundation Raised
Architectural Style Cal Cottage, Ranch, Craftsman
New Construction No
Others
Tax ID 005-193-009
Security Features Smoke Detector(s)
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
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