Located in the heart of downtown Santa Barbara, this multifamily investment property presents a rare opportunity, featuring a mix of newly constructed and renovated buildings. Three of the six units were built from the ground up between 2023 and 2024, while the remaining three have been extensively improved, all with market rents in place. Offered at a 5.47% cap rate and a GRM of 12.71, the property is ideal for investors seeking a more passive investment. Tenants enjoy exceptional walkability, with a Walk Score of 94 and a Bike Score of 99, providing easy access to Santa Barbara’s most exciting destinations. Just steps away, the Haley Corridor—known for its emerging local businesses, cafes, breweries, and artisan shops—adds another layer of appeal to the neighborhood. For those seeking a taste of history, Arnoldi’s, Santa Barbara’s iconic Italian restaurant, is just around the corner. With parks, State Street, and the beautiful coastline also within reach, this property is perfectly positioned to offer the Santa Barbara living experience. Total current income is $25,650/Month.