Turnkey Multi-Unit Asset with Strong Cash Flow & Long-Term Upside
Presenting an exceptional opportunity to acquire a spacious, income-generating 4-unit complex plus a separate studio - ideally located near UCSB, shopping, beaches, Girsh Park, and the Wells-Elings Marsh Trail.
Unit Mix:
One 3 bed / 2 bath unit
Three 2 bed / 1 bath units
One studio unit (unpermitted, for additional income)
This well-situated property benefits from Section 8 tenants, offering:
-Reliable rental income
-High demand with reduced vacancy risk
-Longer tenant retention and stability
With projected gross annual income of approx. $180,000 (based on upcoming rent increases effective August 1, 2025), this investment offers both solid current returns & long-term upside.
Please do not disturb tenants.
0.23 Private Acres Exterior Space
Investment
Built in 1968
MLS/Listing ID 25-1726
4 Units
Lot - Near Public Transit
Parking - Carport
Laundry Room
Slab
Parking - Uncovered
Listing Courtesy of COMPASS, 20/TWENTY GROUP - 805-900-0995
Source of Data: SANTA BARBARA MULTIPLE LISTING SERVICE