Rare multi-family investment opportunity! Well-located 11-unit apartment complex by the Santa Barbara / Goleta border, very near to major employment centers, shopping centers, restaurants and freeway access. In this very expensive rental market, the 11 studio rentals are always in demand, being at the entry-level rental range. The units are low-density on a 18,295sf parcel, spread over 2 attractive single-story buildings, detached storage buildings are rented separately, total income is $201K annual. The grounds, exteriors and interiors have been mostly freshened and updated in recent years, providing a pretty oasis for tenants, while convenient to everything that the Santa Barbara area has to offer. See attached unbranded Offering Memorandum, site plan and floorplans under Documents.
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