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 financ
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Last updated Mar 5, 2025
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MLS# CRV1-24680 —
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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Building Area Units:Square Feet
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Construction Materials:Stucco
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Architectural Style:Cottage
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Foundation Details:Raised
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Stories:1
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Levels:One Story
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Window Features:Double Pane Windows
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Security Features:Carbon Monoxide Detector(s)
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Accessibility Features:Accessible Approach with Ramp
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Other Equipment:Other
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Building Area Total:862
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Building Area Source:Public Records
Interior
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Interior Features:Family Room
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Kitchen Features:Counter - Laminate, Gas Range/Cooktop, Refrigerator, Updated Kitchen, Other
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Flooring:Vinyl
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:862
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Living Area Units:Square Feet
Location
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Directions:Take Cliff Dr. to Rancheria to Coronel
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Exterior Features:Backyard
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Parcel Number:037180012
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Zoning:R-4
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Lot Features:Other
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Lot Size Area:0.17
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Lot Size Acres:0.17
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Lot Size SqFt:7405
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Lot Size Units:Acres
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View:None
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View:false
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Fencing:Cross Fenced
Listing Agent
- Contact info:
- Agent phone:
- (805) 729-0527
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Full Baths:1
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Bath Includes:Shower Over Tub
The Listing
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Listing Terms:Cash
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Virtual Tour URL Branded:https://my.matterport.com/show/?m=CNPc4dqtRK8
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Virtual Tour URL Unbranded:https://my.matterport.com/show/?m=CNPc4dqtRK8
Heating & Cooling
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Heating:Forced Air
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Heating:true
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Cooling:Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:Sewer Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Range
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Laundry Features:Laundry Room
The Community
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Association:false
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Pool Private:false
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Pool Features:None
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:1
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Carport:false
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Parking Total:2
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Parking Features:Detached
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Covered Spaces:1
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.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/14/25
Feb 14, 2025
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Price Changed | BRIDGE | $1,500,000 | -9.1% |
|
1/28/25
Jan 28, 2025
|
Price Changed | BRIDGE | $1,650,000 | -5.7% |
|
9/30/24
Sep 30, 2024
|
Price Changed | BRIDGE | $1,750,000 | -7.9% |
