333 E Micheltorena St, Santa Barbara, CA 93101

Well-maintained fourplex located in a desirable Santa Barbara location. The property offers an attractive unit mix consisting entirely of two-bedroom units and currently provides immediate rental or owner-occupancy opportunities with two vacant units. The carports and carport structure present an excellent opportunity for potential ADU development, subject to city approval and applicable regulations.Significant recent capital improvements, including a new roof, exterior repairs and paint, updated electrical service, plumbing improvements, replacement water heaters, and Unit #1 has been fullyremodeled with recent improvements totaling over $50k, help minimize near-term maintenance expenses and enhance the property's appeal.With two vacant units and projected gross rents of approximately $13,900 per month, the property presents an attractive value-add opportunity for investors seeking immediate rental upside and strong long-term income potential.