618 W Mission St

Santa Barbara, CA

For Sale

Desirable California Cottage and a Guest House

3 Bedrooms

2 Bathrooms

1115 SF

$825000

Desirable California cottage plus guest house at a prime downtown location. Both cottages are thoroughly and tastefully remodeled with new kitchens, bathrooms, appliances and more. This is a wonderful rental investment opportunity, or if you prefer, a move-in ready home with a multipurpose living space that can be used for additional income to offset the mortgage. The main two-bed, one-bath home showcases refurbished original hardwood floors, a bright and open floor plan encompassing the kitchen, dining and living areas, with updated lighting and electrical. The one-bedroom one-bath guest cottage is a detached private space, superbly finished with vaulted ceilings. The main home has a projected income of $2700/mo while the guest cottage is $2200/mo with a 5.31% cap rate.

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