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+18056104085
CCS Realty
223 W Arrellaga Street, Santa Barbara, CA 93101
- $1,950,000
- 2,814
- SqFt
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 26-3575
- Living Area
- 2,814
- Region
- SB/WEST OF STATE
- Year Built
- 1903
Property Description
Character-rich property in the heart of downtown Santa Barbara. This classic Craftsman triplex delivers an easy-to-rent unit mix featuring a two-story 2BD/1.5BA, an upstairs 2BD/1.5BA, and a ground-floor 1BD/1BA. All the heavy CapEx lifting is already handled: brand-new roof, new skylights, full exterior wood repair & paint, fresh yard divider fencing, reinforced garages, and updated exterior lighting. The vacant unit just wrapped a nice interior refresh with fresh paint, durable new carpet and kitchen laminate flooring, new fixtures, and microwave hood, giving you instant day-one market rent without lifting a finger. Having two separate 1-car garages plus extra off-street parking downtown is pure gold for tenant retention or extra storage revenue. Located just blocks from the State Street corridor in an ultra-tight rental market, this is a clean, low-maintenance income play built for solid yield and long-term appreciation.
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Additional Information
- Elementary School
- Adams
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.16
- Laundry
- In Unit
- Living Area
- 2,814
- Neighborhood
- or 20 - Downtown
- Parking Garage
- Detached, Garage
- Region
- SB/WEST OF STATE
- Terms
- Cash, Conventional
- Units
- 3
- Zoning
- R-4
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Listing courtesy of Berkshire Hathaway HomeServices California Properties.