Multifamily Property for Sale - Santa Barbara, California ID: 3487637129

Situated on a sunny corner parcel in Santa Barbara’s vibrant Eastside neighborhood, 302 N. Soledad St. presents a rare opportunity for both owner-users and investors. Built in the early 1930s, this charming property sits on a 6,098 SF lot served by a public alley and offers a flexible layout with attractive upside potential. The main residence spans approximately 1,316 square feet and features 3 bedrooms and 1.5 baths, a spacious living room with a wood-burning fireplace, a dining area, and a generously sized kitchen. The shared full bathroom includes a double vanity, and an additional half bath is conveniently located in the interior laundry room. A private side patio, surrounded by mature hedging, provides a peaceful and secluded outdoor retreat. In addition to the main home, the property includes a separate studio unit—currently a garage conversion with soaring ceilings—ideal for a guest suite, creative space, or future ADU (buyer to verify). Parking is available via the rear alley, with 3 onsite uncovered spaces. Both units will be delivered vacant at the close of escrow, offering immediate flexibility to occupy, remodel, or lease. With an estimated gross rent potential exceeding $80,000 annually, 302 N Soledad offers strong income upside in a central location. With its central location, flexible layout, and private outdoor spaces, 302 N. Soledad St. presents compelling value and upside.