luxury property with reception room for sale Santa Margarita, United States

Rare Residential Income Property Opportunity. This distinguished estate has not been on the market in over 50 years. Set in the heart of Santa Barbara’s historical district, this charming property encompasses a Victorian main residence with attached studio, separate entrance and three detached rental units. Ideally situated within a short distance of restaurants, schools, church, and downtown State Street, the property offers a unique opportunity for generational living or those seeking income potential. The Victorian main residence celebrates craftsmanship and exudes timeless charm, with a redwood grand staircase, crown moldings, vintage redwood pocket doors, and generous living areas. An intimate secluded front garden framed by privacy hedges provides a private retreat with hot tub. From the property, views extend across Santa Barbara’s historic Spanish red tile roofs toward the Granada and Arlington theaters, capturing the character and enduring appeal of this exceptional neighborhood. Main House Built in 1895 3 bedrooms / 2 baths Attached Studio and separate entrance. Three Detached Rental Units | Added in the 1960s Each rental unit offers 1 bedroom / 1 bath, off-street parking, and communal laundry. Major Property Improvements Include: New roof on main house Pest work completed Sewer lateral inspection French drain Many window screens replaced Some exterior and interior painting Building inspections available upon request. Photography and Virtual Staging provided by David Palermo. To experience the property, please contact listing agent Marie Larkin. Please do not disturb owners or tenants at the property