Supplements: 6 of the 8 units have been extensively remodeled and furnished, making the units readily available for longer or shorter term rentals. This is an unparalleled investment opportunity! Location Description: 100 - 106 Chapala Street and 28 - 30 West Mason Street are situated just one block from West Beach and La Entrada (new, 5-Star Hotel Californian), minutes to the heart of Downtown Santa Barbara, the Funk Zone and within close proximity to Stearn's Warf and the Santa Barbara Harbor. The walk score for this property is 87 and the bike score is 99. La Entrada (de Santa Barbara) and the newly built 5-star Hotel Californian is also just one block away. This new development includes a luxury 5-star hotel and approximately 20,000 square feet of commercial space with open plazas, and gardens. Also included in the new development is a public parking structure, which includes 137 valet and 116 public parking spaces and 10,353 square feet of commercial space including a visitor center. Downtown Santa Barbara features world class shopping ranging from major retailers to unique boutique shops; some of the finest restaurants and cafes offering authentic cuisine from across the globe; cultural venues including art galleries, theaters, historic museums and historic architecture. This property is also located just blocks from the high energy, artist driven Funk Zone: a SoHo like neighborhood where wine makers, chefs and artists now have an official place to showcase their unique talents. As the rebirth of lower State Street life energy draws locals and tourists to this trending, burgeoning and thriving area, the demand for neighboring rental housing continues to progress.