Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!
Closed
$1,150,000
824 E Montecito St, Santa Barbara, CA 93103
2beds
962sqft
Single Family Residence
Built in 1924
5,227.2 Square Feet Lot
$1,241,700 Zestimate®
$1,195/sqft
$5,113 Estimated rent
Home value
$1,241,700
$1.15M - $1.34M
$5,113/mo
Zestimate® history
Owner options
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$5,113/mo
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$7,198/mo
Est. payment
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$7,198/mo
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Zillow last checked:
Listing updated:
Listed by:
David Magid 01964710 805-451-0402,
Village Properties - 1
Bought with:
Tania Martinez-Gil, 01299477
Keller Williams Realty Santa Barbara
Source: SBMLS,MLS#: 24-90
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall Furnace
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 962
- Total interior livable area: 962 sqft
Property
Parking
- Parking features: Boat
Features
- Levels: Entry Lvl(No Stairs),Single Story
- Patio & porch: Patio Covered
- Fencing: Fenced
Lot
- Size: 5,227 sqft
- Features: Level, Near Public Transit
- Topography: Level
Details
- Parcel number: 017042006
- Zoning: M-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Raised
- Roof: Composition
Condition
- Fixer,Fair,Poor
- Year built: 1924
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Santa Barbara
- Subdivision: 15 - Lower Eastside
Other
Other facts
- Listing terms: Cash,Ctnl
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | $1,150,000$1,195/sqft |
Source:  SBMLS #24-90 Report a problem | ||
| 5/22/2024 | Pending sale | $1,150,000$1,195/sqft |
Source: SBMLS #24-90 Report a problem | ||
| 4/26/2024 | Listed for sale | $1,150,000$1,195/sqft |
Source: SBMLS #24-90 Report a problem | ||
| 4/20/2024 | Pending sale | $1,150,000$1,195/sqft |
Source: SBMLS #24-90 Report a problem | ||
| 1/10/2024 | Listed for sale | $1,150,000-3.8%$1,195/sqft |
Source: SBMLS #24-90 Report a problem | ||
| 8/8/2023 | Listing removed | -- |
Source: SBMLS #23-1333 Report a problem | ||
| 5/15/2023 | Listed for sale | $1,195,000-7.7%$1,242/sqft |
Source: SBMLS #23-1333 Report a problem | ||
| 6/11/2022 | Listing removed | -- |
Source: SBMLS #22-386 Report a problem | ||
| 2/10/2022 | Listed for sale | $1,295,000+32.8%$1,346/sqft |
Source: SBMLS #22-386 Report a problem | ||
| 6/25/2021 | Listing removed | -- |
Source: SBMLS #21-2226 Report a problem | ||
| 6/17/2021 | Listed for sale | $975,000$1,014/sqft |
Source: SBMLS #21-2226 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,411 +137.4% | $1,173,000 +139.2% |
| 2024 | $5,229 +1.9% | $490,441 +2% |
| 2023 | $5,133 +1.8% | $480,825 +2% |
| 2022 | $5,045 +2.4% | $471,398 +2% |
| 2021 | $4,928 +1% | $462,156 +1% |
| 2020 | $4,877 +1.8% | $457,418 +2% |
| 2019 | $4,792 +1.4% | $448,450 +2% |
| 2018 | $4,724 +3.4% | $439,658 +2% |
| 2017 | $4,568 +0.9% | $431,038 +2% |
| 2016 | $4,527 +2.8% | $422,587 +1.5% |
| 2015 | $4,405 | $416,241 +2% |
| 2014 | $4,405 | $408,089 +2.5% |
| 2012 | -- | $398,281 +2% |
| 2011 | -- | $390,473 +0.8% |
| 2010 | -- | $387,556 -0.2% |
| 2009 | -- | $388,478 +2% |
| 2008 | -- | $380,862 +2% |
| 2007 | -- | $373,395 +2% |
| 2006 | -- | $366,074 +2% |
| 2005 | -- | $358,897 +3.9% |
| 2003 | -- | $345,412 +2% |
| 2002 | -- | $338,640 +750.8% |
| 2001 | -- | $39,803 +2% |
| 2000 | -- | $39,024 |
Find assessor info on the county website
Neighborhood: Milpas
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: K-6Distance: 2.8 mi
- 3/10Santa Barbara Junior High SchoolGrades: 7-8Distance: 0.4 mi
- 6/10Santa Barbara Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Franklin
- Middle: S.B. Jr.
- High: S.B. Sr.
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,241,700
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$1,266,534
- California
- Santa Barbara County
- Santa Barbara
- 93103
- Milpas
- 824 E Montecito St
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