Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the work the property requires. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920’s Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants.

Price reflects the need for structural work, new roof, site work, exterior and interior updates, and improvements to restore the structure and units to a better state of repair. Please call listing agent for reports and materials on the property.