Rare opportunity to acquire a turnkey asset of this size in an attractive Santa Barbara location near Cottage Hospital. This two-story building consists of one (1) 2 bed 1 bath unit and ten (10) 1 bedroom 1 bath unit. Property also has convenient onsite parking for tenants and common laundry room. Great neighborhood near parks, shopping, easy freeway access and more. The lower level apartments have private garden areas. Plenty of upside in income and low carrying costs. Currently, the property is being operated as 12 units with one studio unit being non-conforming. Possibility of assuming current mortgage of $2.09mm at 4.28%. RECENT UPDATES: Seismic retrofit, freshly painted exterior, updated/drought resistant landscaping, and new digital laundry machines.