First time on the market in over 25 years, this legacy five-unit apartment building in the heart of Santa Barbara offers a rare blend of location, scale, and future upside. Situated on a 9,148 SF R-3 lot, the ~6,264 SF mid-century courtyard complex offers a desirable unit mix, including four 2BD/1BA units (~1,085 SF) and one oversized 2BD/3BA unit (~1,824 SF). Most interiors have been tastefully remodeled with updated kitchens, baths, and flooring. Amenities include covered off-street parking, shared laundry, mature landscaping, and mountain views from select units. Located near the SB Courthouse, Alice Keck Park, and SB High School, this well-maintained property presents an exceptional opportunity for investors seeking stable income, rental upside, and long-term redevelopment potential.