Multifamily for Sale - Santa Barbara, CA ID: 529038004

Perched on a lush hilltop on Colina Lane, this prime lower Riviera asset, comprising five (5) townhome duplexes, represents a prime opportunity to purchase an investment property that has not been on the market in 50 years. Each of the 10 units boasts an ocean view and is surrounded by lush gardens, giving the complex a very private feel. The approx. .75-acre, well-kept property is surrounded by multi-million dollar homes, just steps from the Santa Barbara Bowl. Made up of nine (9) 2BD/1.5BA and one (1) 3BD/2.5BA units, the rental base is ideal for both smaller families and professionals. Each unit has covered parking as well as balconies and patios for tenants to enjoy the fresh air and views this location provides. Pro Forma rents with minimal upgrades will garner substantial income for investors.