615 W. Mission St. Santa Barbara, CA 93101

615 W. Mission St.
Santa Barbara, CA 93101

Property Type
Multi-Family
Price
$1,595,000
Units
3 Units
Land Size
0.39 Acres
County
Santa Barbara

They simply do not make lots this size anymore! First time on the market since 1954, 615 W. Mission Street is a lovely farm style triplex property sitting on over a third of an acre lot with six beautiful avocado trees. The property features well-maintained buildings with charming exterior facades. There is a three bedroom/one bath single family residence of approx. 1,154 SF fronting off of Mission Street, with two cottages featuring two bedrooms and one bath each of approx. 949 SF at the rear of the lot (built in 1962). The front house, built in 1920, also features a covered porch off the back of the house that serves as a laundry room. There is a garage that goes with the front house and it has a half bath in a small separate area at the back of the building. The buildings are well maintained and show exceptionally well. The property, which sits at nearly .40 acres, has some additional development potential, especially with the streamlined ADU program from the state of California. In a desirable location with convenient access to downtown, and close to nearby amenities like Cottage Hospital, McConnell’s Ice Cream and the Daily Grind. The building quality, location, rent potential, and upside potential make this a desirable asset. There are multiple storage sheds on site and each unit has outside areas in the front and back. The owners have also kept the property in exceptional shape, including new paint, tile and floor remodels, roof work, and appliance repairs, with capital expenditures of nearly $100,000 since 2008. With this property’s unique blend of building characteristics, lot size, and location, this property will not be on the market long! Note: Inspections subject to accepted offer. Please do not disturb occupants.

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