Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
24-90
Single Family, Ranch
2
Santa Barbara
2 Full
1924
0.12
Acres
Wood Siding
962
Sq. Ft.
15 - Lower Eastside
School Information
Franklin
S.B. Jr.
S.B. Sr.
Bathrooms
2
Total:2
Interior Features
- Flooring
- Laminate
- Heating
- . Wall Furnace.
Exterior / Lot Features
- Parking
- Boat.
- Patio
- Covered
- Roof
- Composition
- Zoning
- M-1
- Fence
- Fenced
- Structural Condition
- Fixer
- Additional Exterior/Lot Features
- Covered, Shed(s),. Level, Near Public Transit.
Financial Considerations
017-042-006
Cash
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