3737 Portofino Way, Santa Barbara, CA 93105

Property Description

Located in Santa Barbara's desirable Hidden Valley neighborhood, this well-maintained duplex offers two spacious residences, private outdoor living areas, and an excellent opportunity for an owner-occupant or investor. The larger 3-bedroom, 2.5-bath residence has just undergone extensive renovations, featuring new flooring throughout, a beautifully remodeled kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and tastefully updated bathrooms. The light-filled living room features a natural stone fireplace and large sliding glass doors opening to a private backyard with mature landscaping, a mature avocado tree, charming fountain, flagstone walkways, and a spacious covered Saltillo tile patio. Upstairs, the primary bedroom enjoys beautiful mountain views and a private balcony. The adjoining 2-bedroom, 1.5-bath residence offers approximately 1,020 square feet of comfortable living space with an updated kitchen, stainless steel appliances, fireplace, abundant natural light, and its own private backyard with mature citrus trees. Additional improvements include updated lighting, fresh interior paint, and a whole-house fan system. Additional property highlights include solar panels with a Tesla Powerwall battery storage system, fiber-ready connectivity, newer windows and doors, and a roof installed less than two years ago. A two-car garage and laundry facilities add to the property's convenience and functionality. Situated in a quiet residential neighborhood with easy access to parks, bike paths, shopping, restaurants, schools, and downtown Santa Barbara, this versatile property offers an appealing combination of modern improvements, comfortable living, and income-producing potential. The 2-bedroom residence (Unit A) is currently rented for $3,750 per month, while the beautifully renovated 3-bedroom residence (Unit B) is vacant and ready for immediate occupancy or rental. This provides a unique opportunity for a buyer to live in one residence while collecting rental income from the other, or lease both units as an investment property.