Excellent 1031 Exchange or Investment Opportunity. Three separate residences on a large parcel located at the edge of where the Santa Barbara Riviera meets the lower Eastside & within close proximity to East Beach and all that Cabrillo Blvd has to offer. Updated original Craftsman front residence built in the early 1900's offers 2bd/1ba plus 2 car garage and is currently rented at $3190. Recently constructed in 2016, the second residence is a polished Craftsman offering mountain views, 3bd/2ba plus 2 car garage and is rented at $3630. Charming old world third residence was moved to the rear of the property in 1930's from East Cabrillo Blvd and offers 2bd/2ba and 2 uncovered parking spots. Explore the prospective opportunities of this unique residential income unit. Potential building site for 4th residence/ADU. Total yearly rents: $120,120. Estimate total lot size: 13,068+/-. Each unit offers 2 parking spaces (two 2 car garages & 2 open spaces). All units offer private laundry facilities.
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