Just Sold Income Property Near East Beach

Located near East Beach and near the new underpass connecting the Eastside to the beachfront via Cacique Street, sits 430 S. Canada Street.

My client was looking for a place to purchase in Santa Barbara that had the option of being used as a weekend retreat and a rental unit and this property checked all the boxes.

With the zoning, R-4 as per the City of Santa Barbara, there was also upside future potential if he chose to develop the property further. The lot is approximately 6,534sf parcel (per assessor) and is in the City of Santa Barbara average unit density overlay.

The main residence is a cozy 1920’s-era 3 bedroom, 2 bathroom home with hardwood fir floors and wood trim throughout, plus a newer roof, and has been well-cared for by the same family for over 30 years.

In addition there is a permitted detached habitable-space approximately 500+/- square foot bonus room with high vaulted ceilings, a 1/2 bathroom complete with its own fenced yard space.

Listed for $795,000, we were able to negotiate a purchase price of $749,000.

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