SIGNIFICANT PRICE REDUCTION! Value Added Opportunity. Current scheduled Gross Income: $105,600/yr. Recently renovated. Four Units in prime Santa Barbara location. Dual upside in additional rental income, plus development opportunity. Property runs through from the main street to the rear alley, allowing dual entrances, consistent up-to-date rental income and long-term investment/new construction potential. Lot size and zoning allows for additional units.Easy 10 minute walk to downtown and 1 minute to the Milpas corridor. 3 minute drive to East Beach. Currently at 100% occupancy. 7 Bedrooms total across 4 units. 2+1; 1+1+Loft; 3+1; 1+1 rear separate unit. Additionally, may be developed into lovely single family residence in the downtown corridor.