Residential Income In Santa Barbara

Big on flexibility and thoughtfully updated, this nearly 3,400 sq ft home located in the Peabody School Attendance Area, is a rare find! With 4 bedrooms, 4 bathrooms, and a permitted ADU (Junior Additional Dwelling Unit), it offers the versatility today’s buyers actually need. Looking to offset your mortgage, complete a 1031 exchange, or create space for extended family, guests, or a returning college student? This one checks every box.
Natural light brightens each living space, enhancing the easy indoor/outdoor flow from the kitchen, living room and bedrooms. The recently renovated sleek and contemporary kitchen includes designer cabinetry, quartz countertops, and newer stainless steel appliances. Updated bathrooms feel fresh and bright, while polished concrete floors downstairs add a modern vibe. An expansive flex space creates options for a media room, gym, play room, home office and even has ADU potential.
Thoughtful upgrades include dual-pane windows and sliding doors, solid core interior doors, an upgraded electrical panel, tankless water heater, and central A/C.
Outside, enjoy a viewing deck with ocean and island views, a private fenced yard with drought tolerant plants, concrete paver driveway, two-car garage, and additional on-site areas for vehicles. Lovingly maintained by the same owners for nearly 30 years, this property offers rare flexibility, income potential, and generous living space.