4320 Modoc Rd #H, Santa Barbara, CA 93110

Fantastic income property in Hope Ranch Annex area. First time on the market since constructed! Must-see property! 13 townhouses, all 2 story, 2Bed/1.5Bath, nearly 1,100 SF each. Private patios, newer kitchen appliances. 9 units have fireplaces. New roofs, front doors, & exterior lighting. Driveway resurfaced. Each unit has detached garage/carport w/ storage. Large 1.625 acre lot w/ excess land. All feature private patios with new vinyl fencing & newer kitchen appliances including dishwashers. Attractive floorplans; 9 have fireplaces. New roofs, all new front doors, new exterior lighting. Driveway recently resurfaced. Each unit has detached garage with storage. 17 off-street parking spaces. 8 units built in 1991; 5 units built in 1975. 4 units recently upgraded & getting over $2100/mo in rent. Separately metered for water, electric, & gas1. Large 1.625 acre lot which includes approx 1/3 acre of excess land. Current zoning is DR-8, but underlying comprehensive zoning is DR-12.3, which allows for 12.3 units per acre. Owner is working with County to upzone the parcel to DR-12.3. Lots of potential with this property. Check w/ your land use professional about the possibility of adding additional units, community room & facilities, or converting to condos. 1Units built in 1991 have gas. Units built in 1975 are all electric.