Listed by Jody Neal with Berkshire Hathaway HomeServices California Properties 805-252-9267

Prime Multi-Unit Investment Opportunity in Santa Barbara Perfectly situated near Downtown Santa Barbara and Cottage HospitalThis 4 unit residential income property has three-occupied and one-vacant . This property features four 1-bedroom, 1-bathroom units, each with a dedicated off-street parking spot and its own storage unit, enhancing tenant convenience and appeal. The vacant unit is available for immediate showing. Call for Lockbox info Key Features: Rare Opportunity: Multi-family properties in this area are seldom available, particularly those offering both dedicated off-street parking and individual storage units for each tenant. Location: Just 0.7 miles from Santa Barbara Cottage Hospital and 1.4 miles from Downtown Santa Barbara, offering easy access to a variety of local amenities including Trader Joe's, Ralphs Grocery, Handlebar Coffee, and Alice Keck Park Memorial Garden.Property Details: The parcel spans approximately 8,712 SF with a total building size of 2,352 SF plus a 648 SF garage.Financial Overview: Current average monthly gross rents stand at 8,840 with a potential increase to 9,568 per month under AB 1482. The property offers a strong CAP rate with potential growth, making it a solid investment opportunity.Nearby Attractions: Tenants will enjoy the proximity to waterfront and State Street in the vibrant heart of Santa Barbara, making this property a sought-after rental option.