509 Coronel Place
Santa Barbara, CA 93101
- 2 beds
- 1 bath
- 862 sqft
- 7,405 sqft lot
- $1,740 per sqft
- 1881 build
- – on site
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.
Last checked:
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Last updated Mar 5, 2025
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MLS# V1-24680 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1881
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Year Built Source:Assessor
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Construction Materials:Frame, Drywall Walls, Unknown, Natural Building, Lap Siding, Wood Siding, Stucco, Plaster, Glass
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Architectural Style:Craftsman, Ranch, Cottage
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Roof:Composition
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Foundation:Pillar/Post/Pier, Raised
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Structure Type:House
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Exterior Features:Barbecue Private
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Stories Total:1
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Patio And Porch Features:Porch, Wood, Rear Porch, Patio Open, Front Porch
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Patio:1
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Accessibility Features:Grab Bars In Bathroom(s), Ramp - Main Level, Parking
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Common Walls:End Unit, No One Below, No One Above
Interior
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Features:Open Floorplan, Unfurnished, Laminate Counters, Formica Counters, Copper Plumbing Full, Ceiling Fan(s)
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Levels:One
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Entry Location:Front and rear doors
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Kitchen Features:Formica Counters, Kitchen Open to Family Room, Remodeled Kitchen, Laminate Counters
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Eating Area:Dining Room
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Window Features:Double Pane Windows, Blinds
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Flooring:Vinyl, Wood
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Room Type:Family Room, Main Floor Primary Bedroom, Main Floor Bedroom, Laundry, Kitchen, Galley Kitchen, All Bedrooms Down, Walk-In Closet, Living Room
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Living Area Units:Square Feet
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Living Area Source:Public Records
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Fireplace:No
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Fireplace:None
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Laundry:Inside, Gas & Electric Dryer Hookup, Individual Room
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Laundry:1
Room Dimensions
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Living Area:862.00
Location
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Directions:Take Cliff Dr. to Rancheria to Coronel
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Latitude:34.41099000
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Longitude:-119.70120200
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Property Condition:Updated/Remodeled
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Zoning:R-4
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Lot Features:Back Yard, 2-5 Units/Acre, Value In Land, Sprinklers None, Patio Home, Near Public Transit, Lot 6500-9999, Level with Street, Garden, Yard, Walkstreet, Utilities - Overhead, Rectangular Lot, Front Yard
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Lot Size Area:0.1700
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Lot Size Dimensions:50X151
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Lot Size Acres:0.1700
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Lot Size SqFt:7405.20
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Lot Size Source:Assessor
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Lot Dimensions Source:Public Records
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View:None
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Fencing:Cross Fenced, Average Condition, Good Condition, Wood
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Fence:Yes
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Sprinklers:No
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Security Features:Carbon Monoxide Detector(s), Smoke Detector(s)
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Exclusions:None
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Other Structures:Outbuilding, Workshop
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:012
Beds
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Total Bedrooms:2
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Main Level Bedrooms:2
Baths
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Total Baths:1
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Bathroom Features:Remodeled, Bathtub, Shower, Shower in Tub
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Full & Three Quarter Baths:1
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Main Level Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:037180012
Heating & Cooling
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Heating:1
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Heating:Central, Natural Gas, Forced Air
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Cooling:No
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Cooling:None
Utilities
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Utilities:Cable Connected, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected
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Sewer:Public Sewer
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Electric:Electricity - On Property, Standard
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Water Source:Public
Appliances
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Appliances:Refrigerator, Gas Oven, Water Heater, Gas Water Heater, Gas Range, Water Line to Refrigerator
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Included:Yes
Schools
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Elementary:CALAGE
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Elementary School:Call Agent
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Middle School:Call Agent
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Middle School:CALAGE
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High School:Call Agent
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High School:CALAGE
The Community
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Features:Curbs, Sidewalks, Street Lights, Storm Drains
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Inclusions:None
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Garage, Off Street, Paved, Other, Garage - Single Door
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Parking Spaces:2.00
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Attached Garage:No
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Garage Spaces:1.00
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Uncovered Spaces:2.00
Monthly cost estimate

Asking price
$1,500,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$8,032
|
Taxes | N/A |
Insurance | $412 |
Utilities | $126 See report |
Total | $8,570/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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2/14/25
Feb 14, 2025
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Price Changed | CRMLS_CA | $1,500,000 | -9.1% |
1/28/25
Jan 28, 2025
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Price Changed | CRMLS_CA | $1,650,000 | -5.7% |
9/30/24
Sep 30, 2024
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Price Changed | CRMLS_CA | $1,750,000 | -7.9% |