Santa Barbara - Beach Property For Sale #4650874

Beautiful Riviera view property offers endless possibilities. This property is in a prime location and positioned perfectly as a family compound, short or long term rental opportunities, or a 1031 Exchange investment property. A total of four units gives you the option to live in one and collect income from the other three! Live the Santa Barbara dream at 821 E. Pedregosa - a large Craftsman-style home with stunning city, ocean and island views - while generating income from the three apartments tucked discreetly at the back of the property. 823 E. Pedregosa is a legal triplex - each unit offers a full kitchen, laundry and outdoor space with views. The main house is bathed in natural light and exudes character and charm while offering you the comfort and convenience of modern amenities. There are four bedrooms and three full bathrooms with a bedroom on the main level or an optional home office that has a separate entrance. Upstairs, there are three bedrooms and two baths and a large central playroom (or home office) with doors to an upper deck to relax and enjoy the spectacular city, ocean and island views. The stone fireplace in the living room makes for a cozy setting with another view deck on the main level. The updated kitchen opens to a large trellis deck to grill and dine al fresco while enjoying the lush gardens.

823 E. Pedregosa is a Legal Triplex. Three income producing units are tucked at the rear of the property in a lovely lush setting with views. There are two one bedroom one bathroom units and a studio; each unit has its own water heater and electrical panel.

This home plus three income producing units offers an exciting chance to live on the Santa Barbara Riviera neighboring Orpet Park, the Riviera Theatre, the luxurious El Encanto Hotel and is just a short jaunt to the historic SB Mission and beautiful Rose Garden.