1278 E Valley Road

Showings to start Tuesday by appt. Unique Montecito building potential on level lot with existing 1912 Carriage House shaded by stately oaks located in the heart of Montecito. Level .21 ac lot with 2-E-1 zoning, underground utilities to site. This is an excellent central Montecito location, walking distance to the Upper Village. This is one of the few Mont. building opportunities that has not experienced a natural disaster. Buyer to do own investigation but building FAR for the lot appears to be 2350 sq. ft. The existing carriage house has an oversize 2 car garage with room for a 3rd car, and upstairs a lovely recently remodeled 2 bedroom apartment. The apartment is tenant occupied with a lease until the end of Feb. 2023. The kitchen features stainless steel appliances, the bathroom was remodeled a few years ago. The living room overlooks the beautiful oaks and lovely yard and lot.
The buildable lot lies behind the carriage house and access to the undeveloped back of the property could be by a nicely hedged shared driveway on the west side of the property. The lot is open and sunny with beautiful mountain views. It is fenced and has mature vegetation providing privacy. Buyers to cooperate with Sellers 1031 exchange