1232 Quinientos St. Santa Barbara, CA 93103 – Google Map
$1,550,000 For Sale by Owner or Best Offer

Dan Ringwald 805-242-3004 call or text for more information

Two newly remodeled houses on one lot!
(2 beds, 1 baths, 2 car garage, 1,138 Square Feet)
(1 bed, 1 bath, 500 sq ft)
space and plans for two additional ADU’s – more rental income!

Current Rents Available
$3,250 – 2/1 rent long term
$2,500 – 1/1 rent long term
Potential Rents if SF is added
$3,000 – ADU 1/1 650 SF
$3,750 – ADU 2/1 675 SF
$400 – 2 car garage 489 SF
$12,900 – Total Potential Rental Income
$8,552 – Monthly payments as seen below on Mortgage Calculator!

Pictures of both houses – are worth a thousand words!
Closing at First American Title – upper State Street

Property Information

With two houses on one lot, this property in Santa Barbara is so unique that sites like Realtor.com and Redfin don’t have enough information to give it an estimated value. We are sure any buyer that can qualify to purchase will have no problem doing the math on the value! Both houses are newly remodeled and as seen in the pictures the quality of remodel speaks for itself. Upgraded with high end finishes, new plumbing/electrical and appliances. A job very well done! This gem rests on a creek side and offers income.  Savvy investors will see there is room and plans for two additional ADU’s for increased income. This property has easy access to the beach, restaurants, 101 freeway and all that Santa Barbara has to offer! Currently tenant occupied, which is a plus for Investors qualifying for loans. Please do not disturb the tenants.

Buyers List – let’s get you on it and let’s get you working with our preferred Mortgage Broker so you don’t fall out of escrow, if you are not a Cash Buyer. They solve the lender’s picky underwriter problems by dropping the lenders that say no and finding the lenders that say yes and get you a lender that works for you! How do we know that?  We just refinanced our primary residence and a rental here in Santa Barbara and had to go through a number of lenders to close successfully by the end of January 2022 with a 3.8% and a 4.1% just before the rates shot up!  Yes, we love our AFL Mortgage Broker !

Facts and features