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31644213
31644220

1107 E Cota St, Santa Barbara, CA 93103

FD
CA01144570
Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group
$6,500,000
54 days on market
Updated 53 days ago

Six 3BD/2BA Homes with Attached Two-Car Garages

Details
APN 031190032, 031190031
Property Type Multifamily
Sub Type condo
Square Footage 8,853
Units 6
Price per SqFt $734
Year Built 1992
Year Renovated 1999
Buildings 6
Zoning R-2

Multifamily | 6 Units | $1,083,333/unit

Marketing description

Nestled at the base of Santa Barbara’s famed Lower Riviera, this exceptional investment opportunity consists of six freestanding homes across two adjacent parcels at 1107 and 1111 E Cota Street, located just minutes from Downtown Santa Barbara, the Santa Barbara County Bowl, the Funk Zone, a wide variety of shopping, and Santa Barbara’s white sand beaches.

The offering includes six 3BD/2BA homes, each with an attached two-car garage, ranging in size from approximately 1,300 to 1,600 SF. The homes at 1107 E Cota were constructed in 1999, while 1111 E Cota was originally built in the mid 1920s and substantially remodeled in 1999. Each residence features its own laundry room, exclusive outdoor living space, and separate utility metering, providing privacy and operational efficiency similar to single-family homes.

Additionally, 1111 E Cota includes a lower-level bonus room of 327± SF adjacent to a 480 SF two-car garage, creating the potential to combine the spaces into an 800± SF 2BD ADU, further enhancing rental income and property value.

Originally designed and built to be condominiums, this offering presents a rare opportunity for owner-occupants, apartment investors, 1031 exchange buyers, and employee housing buyers, as well as value-add investors pursuing ADU development and/or potential condominium conversion.

Investment highlights

Price: $6,500,000 ($1,083,333/unit)

Unit Mix: 6 x 3BD/2BA homes

Rentable SF: 8,853 SF

Land Size: 21,780 SF

APN: 031-190-032, 031-190-031

Year Built: All buildings 1999, except 1111 E

Cota which was built in 1925 and

substantially remodeled in 1999

Zoning: R-2

Laundry: In-unit

Parking: 6 x 2-car garages plus 1 on-site

Cap Rate: 3.94% (current)

4.54% (market)

To Show: CLA

Listing Contacts

FD
CA01144570
Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group

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