25 W. Islay Street :: Santa Barbara

 
Listing Agent:
The Ouellette Team
More Agent Listings
 (805) 895-1421
Julie@TheOuelletteTeam.com
 www.TheOuelletteTeam.com
DRE #: 00974906
List Price:

$1,895,000

Neighborhood:

Downtown

Bedrooms:
5
Bathrooms:
3 ½
Property Description: MLS # 16-1488 & 16-1522

Downtown Craftsman Duplex

Incredible offering in the heart of Santa Barbara, just a half block to State St. Classic 1915 Craftsman with detached back unit built in 1993, also designed in the Craftsman style. Both units have been recently remodeled while keeping the original charm and preserving the architectural detailing of the era. A rare find and a truly special property!

Zoning is R4 (hotel-motel/multiple residential units) and allows many potential uses. Located in one of the approved zones for short term vacation rentals.

Front Unit:  3 bedrooms, 2 baths with living room, sunroom, formal dining room complete with original built-ins, kitchen, and downstairs family/media room with kitchenette, 1/2 bath, 2 storage rooms with separate entrance.

Back Unit: 2 large bedrooms, 1 bath with spacious living area opening to the kitchen and balcony, situated over a 3 car carport and a 400 square foot storage room, originally a 2 car garage.

The entire property has been beautifully landscaped with low maintenance and drought tolerant plantings to create a tropical feel. The back yard is perfect for entertaining with two conversation areas, shaded by a flowering pear tree.

While both units have been rented in the past, currently the owner is occupying the front house and the back unit is being rented as a monthly furnished rental with consistent income stream and repeat clientele. 

Floor plans under "More Info" button. Pro-forma income and expenses, owner improvements & property information, City of Santa Barbara guidelines for vacation rentals available upon request.