333 E Micheltorena St Santa Barbara, CA 93101

First time on the market in 43 years! Well-maintained fourplex located in a desirable Santa Barbara location. The property offers an attractive unit mix consisting entirely of two-bedroom units and currently provides immediate rental or owner-occupancy opportunities with two vacant units. The carports and carport structure present an excellent opportunity for potential ADU development, subject to city approval and applicable regulations.

Significant recent capital improvements, including a new roof, exterior repairs and paint, updated electrical service, plumbing improvements, replacement water heaters, and Unit #1 has been fully remodeled with recent improvements totaling over $50k, help minimize near-term maintenance expenses and enhance the property’s appeal.

With two vacant units and projected gross rents of approximately $13,900 per month, the property presents an attractive value-add opportunity for investors seeking immediate rental upside and strong long-term income potential.