1930s GRAND VILLA SPANISH TROPHY TRIPLEX COMPOUND. Rare opportunity to own a character-rich Spanish compound in coveted Longwood Highlands with a CAP rate of 5%, blending timeless architecture with thoughtful modern upgrades. The front duplex features two expansive 3-bedroom, 2-bath residences with oversized rooms, abundant natural light, and refined… Read More period details throughout. The rear 2-bedroom, 1-bath unit sits privately above the 4-car garage, offering separation and flexibility. Set behind a perimeter wall with an electronic gated driveway , this compound delivers privacy, security, views from the upper units and exceptional curb appeal. A private hedged front yard with mature, lush landscaping and intercom system welcomes you into a beautifully maintained courtyard setting with classic wrought iron detailing. High-end improvements include solid slab Italian marble wainscots, tile floors and countertops, designer fixtures, refurbished period lighting and energy-efficient systems. Major infrastructure upgrades include updated plumbing, electrical, and sewer lines. Additional features include beautiful oak hardwood floors, A/C, individual gas and electric meters, common area lighting as well as an abundance of off-street parking. The extra-large lot includes strong in-place rents, creating an attractive income profile with long-term upside potential. Upper level owner's 3 Bed unit will be delivered vacant, presenting an exceptional opportunity for an owner-user or investor. A rare blend of scale, character, privacy, and income in one of the area's most desirable neighborhoods. Read Less
Property listed by Keller Williams Realty Santa Barbara, Jennifer Stein 310-259-7556
Listing Snapshot
Days Online
35
Last Updated
Beds
8
Square Ft.
4,276
Lot Size
0.2 Acres
Year Built
1930
MLS Number
26638509
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1930, Living area: 4276.0, 2 buildings, 2 stories, Levels: Two
Floors
Wood
Income
Gross Income: $184,800, Net Operating Income: $129,923
Laundry
LaundryRoom
Lot
0.1979 acres
Parking
6 total parking spaces, Uncovered
Property
CityLights
Taxes
Parcel Number: 5083021016, Zoning: LAR2
Tenant Pays
Electricity, Gas, TrashCollection
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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