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.
|
DAYS ON MARKET
|
333
|
LAST UPDATED
|
6/6/2025
|
|
YEAR BUILT
|
1881
|
COMMUNITY
|
VC81 - Santa Barbara
|
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Santa Barbara
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| Elementary School |
Call Agent |
| Jr. High School |
Call Agent |
| High School |
Call Agent |
|
Prior to Aug 2, '24
|
$2,200,000
|
|
Aug 2, '24 - Sep 30, '24 |
$1,900,000
|
|
Sep 30, '24 - Jan 28, '25 |
$1,750,000
|
|
Jan 28, '25 - Feb 14, '25 |
$1,650,000
|
|
Feb 14, '25 - Apr 7, '25 |
$1,500,000
|
|
Apr 7, '25 - Jun 6, '25 |
$1,399,000
|
| Jun 6, '25 - Today |
$1,349,500 |
| AIR |
None |
| APPLIANCES |
Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater |
| AREA |
VC81 - Santa Barbara |
| CONSTRUCTION |
Frame, Glass, Lap Siding, Natural Building, Plaster, Stucco, Unknown, Wood Siding |
| EXTERIOR |
Barbecue, Garden |
| GARAGE |
Yes |
| HEAT |
Central, Forced Air, Natural Gas |
| INTERIOR |
Ceiling Fan(s), Laminate Counters, Master Downstairs, Open Floorplan, Walk-In Closet(s) |
| LOT |
7405 sq ft |
| LOT DESCRIPTION |
Back Yard, Front Yard, Garden, Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS |
50X151 |
| PARKING |
Garage, Off Street, Other, Paved |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Cottage, Craftsman, PatioHome, Ranch |
| UTILITIES |
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
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Listed with Berkshire Hathaway HomeServices California Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/15/25 3:51 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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