$2,000,000
$2,600,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 09/25/2025
Key Details
Sold Price $2,000,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25-1726
Sold Date 09/25/25
Year Built 1968
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 10018.8
Source Santa Barbara Multiple Listing Service
Property Description
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.
Location
State CA
County Santa Barbara
Interior
Heating Ceiling Fan(s)
Laundry Laundry Room
Exterior
Parking Features Garages, Carport, Uncovered, Gar #1
Garage Yes
Building
Lot Description Near Public Transit
Foundation Slab
New Construction No
Others
Tax ID 073-200-014
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
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