118 W Alamar Avenue, Santa Barbara, CA 93105

$1,849,000

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List Price
$1,849,000
Status
ACTIVE
MLS#
26-3808
Region
SB/WEST OF STATE
Year Built
1961

Property Description

This 4 Unit property combines a beautiful creekside setting with a convenient location near Santa Barbara's Upper De La Vina corridor. Restaurants, coffee shops, Trader Joe's, and everyday essentials are all close by. The spacious two-story manager's unit offers 2 bedrooms, 2 bathrooms, and a variety of tasteful updates throughout. The kitchen features updated cabinetry, granite countertops, and a decorative tile backsplash, while the beautifully remodeled bathrooms showcase stylish tilework, modern fixtures, and a striking dual-sink vanity. French doors open to a private backyard with a fire pit area overlooking Mission Creek, where mature trees create a peaceful setting for outdoor dining and relaxation. See more... The three additional 1-bedroom, 1-bathroom units offer inviting living spaces highlighted by beautiful wood flooring, exposed wood-beamed ceilings, and abundant natural light. Each residence features its own private balcony, providing a welcoming outdoor retreat surrounded by mature greenery. Additional amenities include onsite laundry and three carport parking spaces. With its appealing mix of updated interiors, architectural character, and desirable central location, this property presents an excellent Santa Barbara investment opportunity, generating $121,512 in annual rental income.

Additional Information

Elementary School
Peabody
Middle School
S.B. Jr.
High School
S.B. Sr.
Acres
0.18
Foundation
Slab
Gross Rent Multiplier
15.21
Laundry
Bldg
Neighborhood
San Roque
Parking Garage
Carport
Region
SB/WEST OF STATE
Terms
Cash, Conventional
Units
4
Zoning
R-4

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Listing courtesy of Berkshire Hathaway HomeServices California Properties.