EXTRAORDINARY OPPORTUNITY. NEW PRICE REDUCTION! Rare and Unique Value Added Opportunity to own in downtown Santa Barbara. Scheduled Gross Income: $104,470/yr. Renovated from the roof down to the sewer laterals. Four Units Prime Santa Barbara location. Dual upside in additional rental income, plus development potential. The property is zoned R-M Residential Multi-Unit. FOR CITY ZONING, CUT AND PASTE LINK: SBMC 30.20.020. Property has dual entrances, consistent up-to-date rental income and new construction potential. Easy 10 minute walk to downtown and 1 minute to the Milpas corridor. 3 minute drive to East Beach. Currently at 100% occupancy. 7 Bedrooms total across 4 units. 2+1; 1+1+Loft; 3+1; 1+1 rear separate unit. 100% Occupied. All rents current. All leases month to month.