Turnkey multi-unit asset with strong cash flow and long-term upside! Spacious 4-unit complex (one 3 bed/2 bath, three 2 bed/1 bath) plus a separate studio (unpermitted, for extra income), ideally located near UCSB, shopping, beaches, Girsh Park, and the Wells-Elings Marsh Trail. Section 8 status ensures steady income, high demand, low turnover, and low vacancy. Projected gross annual income approx. USD180,000 (rent increases Aug 1, 2025). Property has potential for an ADU. Please do not disturb tenants.
0.23 Private Acres Exterior Space
Single Family Home
Built in 1968
MLS/Listing ID 25-2259
Laundry Room
Slab
Style - Apartment
Lot - Near Public Transit
Listing Courtesy of COMPASS, 20/TWENTY GROUP - 805-900-0995
Source of Data: SANTA BARBARA MULTIPLE LISTING SERVICE