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Leo Peak

leo@leopeak.com +1(415) 816-1469

$ 1,299,500

Est. payment | -/mo

2 Beds

1 Bath

862 SqFt

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$ 1,299,500

Est. payment | -/mo

Save Virtual Tour

2 Beds

1 Bath

862 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 862 sqft

Price per Sqft $1,507

MLS Listing ID CRV1-24680

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1881

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Property Description

In conclusion, 509 Coronel Place represents an extraordinary real estate opportunity in Santa Barbara, offering a combination of immediate usability, strong income potential, and significant development possibilities. The existing 2-bedroom, 1-bathroom California cottage provides a move-in-ready option for an owner-user while offering ample room for expansion and redevelopment. The R-4 zoning designation allows for high-density residential construction, making this an attractive option for investors seeking to build multi-unit housing in a city with high demand and limited supply. Whether the goal is to develop a small apartment complex, luxury townhomes, or a mixed-use property, the possibilities for maximizing this property's value are vast. With Santa Barbara's real estate market continuing to thrive, now is the perfect time to invest in a property with such unique potential. 509 Coronel Place offers the rare combination of a prime location, flexible development options, and strong appreciation potential, making it one of the best investment opportunities available in Santa Barbara today. Whether for personal use, rental income, or large-scale development, this property stands out as a top-tier investment that will continue to increase in value over time, providing both financ

Location

State CA

County Santa Barbara

Zoning R-4

Interior

Interior Features Family Room, Updated Kitchen

Heating Forced Air, Natural Gas, Central

Cooling Ceiling Fan(s), None

Flooring Vinyl, Wood

Fireplaces Type None

Fireplace No

Window Features Double Pane Windows

Appliance Gas Range, Refrigerator, Gas Water Heater

Laundry Laundry Room, Other, Inside

Exterior

Exterior Feature Garden, Back Yard, Front Yard, Other

Garage Spaces 1.0

Pool None

Utilities Available Cable Connected, Natural Gas Connected

View Y/N false

View None

Handicap Access Accessible Approach with Ramp, Other, Grab Bars

Total Parking Spaces 2

Private Pool false

Building

Lot Description Other, Back Yard, Street Light(s), Storm Drain

Story 1

Foundation Pillar/Post/Pier, Raised

Architectural Style Cottage, Craftsman, Ranch

Level or Stories One Story

New Construction No

Others

Tax ID 037180012

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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Anthony Bordin • Berkshire Hathaway HomeServices California Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(415) 816-1469

leo@leopeak.com

39899 Balentine Dr # 200, Newark, CA, 94560, United States

509 Coronel Place Santa Barbara, CA 93101

Leo Peak

Key Details

Location

Interior

Exterior

Building

Others

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509 Coronel Place