1514 Anacapa St. Anacapa Professional Building | Santa Barbara, CA 93101

Premier Investor Opportunity | Price Reduction

Approx. 3,424 SF Bldg With Fully Approved Plans to Convert to Residential

Fully approved conversion to residential in fantastic downtown location. This building was formerly used as an office and has been approved to convert to four residential units. These units will offer private patios, single level floorplans, excellent windows creating an opportunity to own a core asset and complete the project to an owners specifications. Based on rental comps, the projected gross income of $200,000 annually will provide a good return in a high quality asset. Core asset with a projected stabilized value after conversion of $3.65 million+. Contact Listing Agent for further details and to schedule a showing.