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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 financial rewards and the opportunity to contribute to Santa Barbara's evolving housing landscape.
Property Type(s):
Single Family
| Last Updated | 4/7/2025 | Year Built | 1881 |
|---|---|---|---|
| Community | Santa Barbara | Garage Spaces | 1.0 |
| County | Santa Barbara |
SCHOOLS
| Elementary School | Call Agent |
|---|---|
| Jr. High School | Call Agent |
| High School | Call Agent |
Price History
| Prior to Aug 2, '24 | $2,200,000 |
|---|---|
| Aug 2, '24 - Sep 30, '24 | $1,900,000 |
| Sep 30, '24 - Jan 28, '25 | $1,750,000 |
| Jan 28, '25 - Feb 14, '25 | $1,650,000 |
| Feb 14, '25 - Apr 7, '25 | $1,500,000 |
| Apr 7, '25 - Today | $1,399,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater, Water To Refrigerator |
| AREA | Santa Barbara |
| CONSTRUCTION | Copper Plumbing, Drywall, Frame, Glass, Lap Siding, Natural Building, Plaster, Stucco, Unknown, Wood Siding |
| EXTERIOR | Barbecue |
| GARAGE | Door-Single, Garage, Off Street, Other, Paved, Yes |
| HEAT | Central, Forced Air, Natural Gas |
| INTERIOR | All Bedrooms Down, Bedroom on Main Level, Ceiling Fan(s), Galley Kitchen, Laminate Counters, Main Level Primary, Open Floorplan, Separate/Formal Dining Room, Unfurnished, Walk-In Closet(s) |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Back Yard, Front Yard, Garden, Near Public Transit, Rectangular Lot, Sprinklers None, Street Level, Value In Land, Walkstreet, Yard |
| LOT DIMENSIONS | 50X151 |
| PARKING | Door-Single,Garage,Off Street,Other,Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Cottage, Craftsman, Patio Home, Ranch |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected,Overhead Utilities, Electric: Electricity - On Property,Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | R-4 |
Location
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Listed with Berkshire Hathaway HomeServices California Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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