1062 Coast Village Rd. Montecito, CA 93108

1062 Coast Village Rd.
Montecito, CA 93108

Property Type
14 Units
Land Size
0.60 Acres
Santa Barbara

One of only three apartment complexes over ten units in Montecito, this offering is a unique opportunity to acquire a rare and highly desired asset. The property’s prime location is within walking distance to fine shopping and restaurants along Coast Village Road. Sitting on over a half acre, the sprawling property features large private patios and a private forested courtyard. Several units have been renovated and the remaining units are in very good, original condition. The property generates over $385,000 in gross income plus upside in the rent should a new buyer renovate the remaining original units.