In the heart of the world-class coastal community of Santa Barbara, California, and just 5 blocks to its iconic downtown Theater & Arts District, the 3-unit compound at 1805 Chapala and 102-106 West Islay known as “Casitas del Pueblo”, is for sale as one of the rarest and most valuable investment and owner-user opportunities ever available in the area.
Recently renovated with sparkling finishes and lathered in period charm, the units include a hard-to-find legal furnished 2-bedroom vacation rental unit, as well as a larger furnished 2-bedroom cottage-style unit plus courtyard leading to a detached extra bed/bath. Either unit could be ideal for an owner-use component, either full-time, or part-time intermittently or seasonally. The 3rd unit is a 1-bedroom in a separate structure above a 2-car garage.
Whether for attracting top rents from long-term or short-term tenants, and/or for the personal enjoyment of an owner-user investor, the premiere A+ location, the favorable land-use and unit configuration, and the luxurious finishes all make Casitas del Pueblo an extraordinary real estate opportunity!
SCROLL DOWN TO VIEW EACH UNIT 👇🏼
2 🛏 1 🛁
Approx Rent: $7,300/mo
Casitas de Pueblo is in the RM-H (formerly R-4) zone in the City of Santa Barbara. This designation allows multi-family residential with the number of units and bedroom counts allowed dependent on the lot size. The "H" after "RM" (for "Residential Multi-family") stands for "Hotel", which means for these select portions of the RM zones in Santa Barbara, the City will allow land uses for shorter stays such as hotels, bed and breakfasts and vacation/short-term rentals. The 2-bedroom delightfully remodeled and furnished unit known as "Granada" (with an address of 102 West Islay) is the one which has received its land-use approval for short-term rental use.
Simply being in the zone that allows a vacation rental as a land-use option is often not sufficient. A property may also have to meet requirements for hotel standards in order to rent a property or a unit on a property as a vacation rental. These approvals are very rare, this property is one of only 3 so far that have successfully applied for and received such a designation. In a globally-known tourist city such as Santa Barbara where vacation rentals are in extreme demand, having one of the small handful of official short-term rental designations, provides incredible financial benefits and use flexibility for the property owner.
Whether a new owner might choose to use the Granada vacation rental unit themselves and then rent out the unit short-term between their stays for income, or instead manage the Granada unit while living part-time or full-time in another unit, this rare designation will provide enhanced property value now and into the future compared to virtually any other multi-family property in the area.
Be wowed by this newly remodeled abode in downtown Santa Barbara. Features include, gourmet kitchen with Bosch dishwasher and stove, hardwood floors, fireplace, soaking tub, modern touches like dual flush, nest thermostat, blue tooth entry (use your phone!), high end linens and an outdoor spa, BBQ and eating area nested in the Spanish patio. This retreat is one block from State Street, three blocks to the public market, downtown and a mile from beach and Santa Barbara Mission and Rose Garden.
Remodeled two years ago and no detail spared in this amenity packed bungalow connected by a large landscaped yard with spa. Full cable, high-end linens, bbq, gourmet kitchen, laundry, soaking tub, Spanish sanctuary. Gorgeous original hardwood floors, have been resurfaced.
2 🛏 1 🛁 + 1 🛏 1 🛁 Casita
Approx Rent: $4,600/mo
Brand new state-of-the-art appliances (gas stove), comfortable modern quartz island and bar, Shaw farm house sink, reclaimed wood accents, microwave, toaster, blender, everything a gourmet or armature chef would want in a kitchen.
🛋Living Room: Open floor plan makes this space easy living, comfortable couches and over-sized chair make for loungey atmosphere. A newly tiled fireplace delights on cold days, heating the room and providing a romantic ambiance.
A king-sized bed with luxury linens and a 40" smart LED television makes the master perfect place to rest your head. With French Doors adjoining the meticulously landscaped yard - watch the hummingbirds, butterflies and bees grace the property.
Twin beds and a soft rug make this space not only comfortable but fun! A 40 Smart Television makes it a room no body will want to leave.
This bathroom has been completely remodeled with everything new: Large over-sized soaking tub, high-end fixtures with perfect water pressure. A new tankless water heater offers virtually instant hot water, and the new dual flush toilet helps with the drought.
This is a separate bedroom and bath (with shower) and it's own deck with a luxurious Balinese day bed, on the property. This is perfect for complete privacy if two couples are renting the space, the in-laws are accompanying you on vacation or your teenagers. An amazing queen sized bed with high-end linens adorn the poster bed. TV with cable and the bathroom is completely remodeled - everything new with a dual flush toilet, Spanish tiles throughout and reclaimed wood shelving.
This back yard is only for your use, complete with manicured lawn, gorgeous climbing roses, a plethora of flowers, shrubs, lavender, white moon roses and an orange tree for fresh squeezed juice in the morning. There is a ceramic juice squeezer provided. An 6 person spa, heated to 104 degrees at all times, is amazing to soak in after a long day of seeing the sights in Santa Barbara. The Spanish Saltillo tile deck has a large outdoor table for seating, a BBQ with a special bun steamer all over looking the manicured a lawn.
Approx Rent: $2,000/mo
Spacious 1 bedroom second floor unit with newly remodeled kitchen and mountain views. Washer & Dryer and fireplace in unit.
DRE # 01245644
©2018 Berkshire Hathaway HomeServices California Properties is a member of the franchise system of BHHS Affiliates LLC.