Residential Income In Santa Barbara

NO CITY RENT CONTROL HERE!!!
Prime Santa Barbara 4-Unit Multifamily Investment Opportunity

Ideally positioned just off Turnpike Road, this well-maintained four-unit multifamily property presents an attractive opportunity to acquire a versatile income-producing asset in one of Santa Barbara’s most established residential markets. The property offers convenient access to the US 101 Freeway and is only minutes from downtown Santa Barbara, providing residents with easy connectivity to employment centers, shopping, dining, recreation, and everyday amenities.

Situated on an approximately 8,776-square-foot lot, the property encompasses approximately 3,560 square feet of living space and features a desirable unit mix designed to appeal to a broad range of tenants: one 1-bedroom/1-bathroom u two 2-bedroom/1-bathroom units, and one 3-bedroom/2-bathroom unit. Each residence benefits from one dedicated covered parking space, an increasingly valuable amenity in Santa Barbara.

The property’s location contributes to a strong and convenient residential setting, with nearby retail shopping, restaurants, parks, and neighborhood services. Its proximity to San Marcos High School, along with quick access to major transportation routes, further enhances the property’s appeal to prospective tenants and supports long-term rental demand.

Not subject to City Rental Rules.

For an investor, the property offers an appealing combination of existing rental income, four-unit scale, and meaningful upside potential. Opportunities may include continued rent growth, strategic cosmetic improvements, and selective property enhancements designed to improve the tenant experience and increase overall income.

With its well-balanced unit mix, dedicated parking, established location, and potential for future value creation, this offering represents an opportunity to acquire a Santa Barbara multifamily asset with both current income and long-term upside.