1062 Coast Village Rd. Montecito, CA 93108

1062 Coast Village Rd.
Montecito, CA 93108

Property Type
Multi-Family
Price
$10,600,000
Units
14 Units
Land Size
0.60 Acres
County
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.