1016 E Canon Perdido St

Literally one of the most solid investment properties one could own, this four-unit Lower Riviera property is constructed almost entirely out of reinforced concrete block. Never before on the market, these units were originally constructed by the current owner in the mid 1970's. Consisting of two large two unit buildings on a .39 acre ocean view parcel, this trophy property is the epitome of a mid-sized buy-and-hold opportunity here in Santa Barbara.
Building one contains two large (approx. 1600sqft) three bedroom, two- and one-half bath units, both of which feature high ceilings, private patio/yard space, and two fireplaces. Building two consists of two (approx. 900sqft) two-bedroom, one bath units, both of which have outstanding ocean views, over two three car carports. Kitchens and baths in all four units have undergone quality renovations within the last two years.
All units are separately metered for electricity and gas, with submeters for water. Additionally, there are two laundry rooms and several storage closets.
Current Accessory Dwelling Unit laws could allow construction of further units, or division of existing units into separate units. Don't miss this opportunity to be the next long-term owner of this legacy investment property.