Listing ID22-3174
Price$4,795,000
StatusActive
Bedrooms8
Total Baths7
Full Baths6
Partial Baths1
SqFt 4,312
Acres 1.270
CountySanta Barbara
Year Built1989
Property TypeResidential
Property Sub TypeHome/Estate
Rare opportunity on the Mesa - 8 bedrooms, 7 bathrooms, over 4,300 square feet and resting on a secluded 1.27 acre lot.This custom-built home has proven to be a very strong income-producing asset for student housing with current monthly rents of $30,420 per month(Actual 6% CAP). Additional rental income is possible with 3 open beds that can be filled next semester with a large waitlist of applicants. The flexible floor plan could also operate as a large family compound with multiple entrances, an abundance of parking and plenty of exterior space for outdoor entertainment. A peek of the ocean can be viewed from the top floor balcony and in total there are over 1,000 square feet of balcony space. One must walk through the botanical gardens located below the house to truly appreciate this tranquil lot backing up to Honda Valley Park. Big buyer upside potential with the ability for additional ADU's as well as a lot split (Buyer to verify). A true gem with a superb location near Leadbetter Beach, Santa Barbara City College, and Downtown Santa Barbara.
All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Neither listing broker(s) nor Ron Dickman shall be responsible for any typographical errors, misinformation, or misprints. © 2022 Santa Barbara Multiple Listing Service. All rights reserved.
#IDX-primaryPhoto,#idx-details-headerListed by: Omega Real Estate and Investments (805) 319-3305

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Ron Dickman

Santa Barbara, CA 93105
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