$5,850,000

Superb opportunity to acquire 16 units in two contiguous and well-maintained 8-unit multifamily properties located at the base of Santa Barbara's Lower Riviera neighborhood. The property's ideal location provides proximity to shopping, restaurants, downtown, multiple parks, and the Santa Barbara Bowl. This number of units in a location of this quality seldom comes available. Both buildings are two-story, garden-style walk-ups that provide an excellent unit mix of 4 X 2BD/1BA units and 12 X 1BD/1BA units. Each building offers large and functional layouts, on-site laundry rooms, good on-site parking and a communal front yard. There are four ground-floor units, two at each property, that enjoy an enclosed outdoor patio. See ''more'' The properties have been well-maintained by the seller, with several updates to most units. Current rents are approximately 30-44% below market after an owner makes further updates. Please call listing agent for more information and a link to property documents including: Financials, building plans, General Building Inspection, SB721 Inspection, Pest Inspection, Roof Inspection, and Sewer Lateral Inspection.