2487 Banner Avenue

Summerland CA 93067

6098.4 sq. ft.

Single-Family

Last sold for $1,550,000

Jonathan Gilkeson, last sold this property on 04 October 2023 after 71 days on market.

Overview

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 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.

Features

2 bedrooms

2 bathrooms

3 carspaces

3 garage spaces

6098.4 sq. ft. lot size

Single-Family

Estimated Value

We need at least 3 similar 2 bedroom single-family properties sold in Summerland over the last 12 months.

Property history for 2487 Banner Avenue

2023

Sold

$1,550,000

04 Oct 2023 by Jonathan Gilkeson, of eXp Realty, LLC (SynOps - WST - CA - Zia Group)

2023

Sold

$1,550,000

04 Oct 2023 by Jonathan Gilkeson, of eXp Realty, LLC (SynOps - WST - CA - Zia Group)

Happy sellers in Summerland

We have insufficient information to provide an overview of customer satisfaction for Summerland. Viewing the agent profiles, reviews and sales for Summerland can provide insights for this location.