Amy Abbott & Kristin Joy Hall | Berkshire Hathaway HomeServices

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2487 Banner Avenue, SUMMERLAND, CA 93067

$1,495,000
Property Type: Res Bedrooms: 2 Baths: 2 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,550,000 List Date: 7/24/2023 Last Modified: 10/04/2023

Description

Enjoy one of the last remaining original duplexes overlooking the Pacific Ocean in the picturesque town of Summerland, California. This exceptional property offers boundless potential and flexibility, making it an ideal investment opportunity or a perfect place to call home. Situated in the coveted Coastal Zone, this duplex opens the door to a world of possibilities. This property provides an exceptional space that serves as a lucrative income-generating asset. With its unique layout, you have the option to live in one unit and rent out the other, providing a steady stream of rental income. Plus a detached 3 car garage opens up more possibilities. The property's true potential lies in its adaptability. The spacious lot size may allow expansion presenting an incredible opportunity for

Supplements: development. Whether you envision expanding the existing duplex or creating an entirely new structure as an ADU, the choice is yours. (buyer to verify) With the Coastal Zone designation, you can explore legal short-term rentals, further maximizing your income potential. Located in a prime location near Summerland's charming downtown area. Take a leisurely stroll to local boutiques, restaurants, and cafes, immersing yourself in the relaxed coastal lifestyle. The nearby beaches beckon you to indulge in water activities or simply unwind on the sandy shores. The property's strategic location also grants easy access to the region's renowned attractions. Explore the nearby Santa Barbara Riviera, where you can revel in stunning views or indulge in world-class shopping along State Street. The vibrant cultural scene, art galleries, and award-winning wineries further enrich the experience of living in this captivating coastal region. Whether you're seeking a profitable investment or a coastal haven to call your own, this property offers the flexibility and income-generating possibilities that dreams are made of. Embrace the coastal lifestyle, embrace the opportunity - this duplex awaits your vision.

More Information MLS# 23-2169

Location Info

District: 05 - CARPINTERIA-SUMMERLAND Street #: 2487 Street Name: Banner Street Suffix: Avenue State/Province: CA Postal Code: 93067 Compass Map: Santa Barbara Map Grid: V12 County: Santa Barbara Parcel Number: 005-193-009 Cross Street: Olive Street

Contract Info

Current Price: $1,550,000 Price: 1495000 Buyers Agent $/%: 2.5 Affordable Housing: No Begin Date: 2023-07-24 Status: Closed

Status Information

Sold Date: 2023-10-04 Sold Price: $1,550,000 Under Contract Date: 2023-08-04

Property Information

TYP: Home/Estate Total Bedrooms: 2 Total Bathrooms: 2 Total Full Baths: 2 Source: Other/See Remarks Apx # Acres: 0.14 ADU: No Within City Limits: Yes Total #Units: 2 Recurring Fees: No

Neighborhood/Schools

Neighborhood: 05 - Summerland Elementary School: Summerland Junior High School: Other High School: Other

Remarks

Directions: Hwy 101 exit Padaro. Turn towards the mountains. Left on Via Real, right on Olive St., left on Banner Ave. 3rd house on the left. Hot Sheet Comment: new Geo Lat: 34.420403 Geo Lon: -119.594618

Owner Info

Deposit: 3

Parking/Garage

Total # Garage Spaces: 3

Property Features

Condition: Good Style: Cal. Cottage; Ranch; Craftsman Construction: Single Story Roof: Composition Foundation: Raised Exterior: Wood Siding Parking/Garage: Gar #3; Detached Grounds/Landscaping: Deck Other Buildings: Work Shop View: Ocean; Setting; Partial/Filtered; Islands Location/Topo: Rolly; Downslope Site Improvements: Public; Paved; Cable TV Proximity: Near Ocean; Near Park(s); Near School(s); Near Shopping; Restaurants Rooms: Ground Floor Bedroom; Ground Floor Primary Dining: In Kitchen; In Living Room Laundry: None Appliances Included: Gas Stove; Refrigerator Flr/Wdw Coverings: Hardwood; Blinds; Drapes; Laminate Security: Smoke Detector(s) Heating: Wall; Wall Furnace Water/Sewer: Sewer Hookup Zoning: R-2 Reports Available: TDS; Prelim; NHD Terms: Cash; Ctnl Pub Listing Details: None
Listing Office: eXp Realty of California, Inc.
Last Updated: October - 04 - 2023
2487 Banner Avenue, SUMMERLAND, CA 93067- MLS# 23-2169
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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