308 W De La Guerra Street, Santa Barbara, CA 93101
- $1,995,000
- 2,012
- SqFt
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- 26-1616
- Living Area
- 2,012
- Lot Size
- 2,178
- Region
- SB/WEST OF STATE
- Year Built
- 1940
Property Description
Tucked along a quiet street just moments from downtown Santa Barbara, this charming four-unit property blends classic character with strong income fundamentals. The approximately 2,012 SF building consists of four spacious one-bedroom, one-bath residences, each just over 500 SF. All units are currently leased offering immediate cash flow in a highly sought-after rental location. Recent upgrades enhance the property's appeal, including recently refreshed upper units and a previously refreshed lower unit, while the fourth unit provides an opportunity for future improvement and added value. Residents benefit from a welcoming communal pergola area, on-site laundry, outdoor storage lockers for each unit, basement storage for bikes and beach gear, and thoughtfully maintained landscaping. With its unbeatable location near Paso Nuevo, dining, shopping, and entertainment are moments away from your door. This property presents a compelling opportunity for investors seeking both stability and upside.
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Additional Information
- Elementary School
- Monroe
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.05
- Capitalization Rate
- 4.4
- Foundation
- Raised
- Laundry
- Other
- Living Area
- 2,012
- Lot Size
- 2,178
- Neighborhood
- or 20 - Downtown
- Parking Garage
- On Street
- Region
- SB/WEST OF STATE
- Terms
- Cash, Conventional
- Units
- 4
- Zoning
- R-4, R-MH
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Listing courtesy of Village Properties.