Exceptional multifamily investment in the heart of Santa Barbara. This grand 4-unit property offers a desirable mix of single-level and two-story townhouse-style units, each with 3 bedrooms, 2 bathrooms, a fireplace, and carport parking. Ideally located near the Santa Barbara Bowl and Milpas Street's vibrant shops and restaurants, plus close to downtown Santa Barbara. The property has high tenant demand and broad renter appeal. Unit B is currently open, offering flexibility for an owner-user, furnished rental, or achieving market-rate rents, while Units A, C, and D generate immediate income. Onsite laundry facility adds convenience and supports solid rental performance with versatile unit mix, stable cash flow, and long-term upside in a supply-constrained market.