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223 W Arrellaga StreetSANTA BARBARA, CA 93101
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Enter an interest rate to see your estimated monthly payment.Character-rich property in the heart of downtown Santa Barbara. This classic Craftsman triplex delivers an easy-to-rent unit mix featuring a two-story 2BD/1.5BA, an upstairs 2BD/1.5BA, and a ground-floor 1BD/1BA. All the heavy CapEx lifting is already handled: brand-new roof, new skylights, full exterior wood repair & paint, fresh yard divider fencing, reinforced garages, and updated exterior lighting. The vacant unit just wrapped a nice interior refresh with fresh paint, durable new carpet and kitchen laminate flooring, new fixtures, and microwave hood, giving you instant day-one market rent without lifting a finger. Having two separate 1-car garages plus extra off-street parking downtown is pure gold for tenant retention or extra storage revenue. Located just blocks from the State Street corridor in an ultra-tight rental market, this is a clean, low-maintenance income play built for solid yield and long-term appreciation.
| 5 hours ago | Listing first seen on site | |
| 5 hours ago | Listing updated with changes from the MLS |
Listing information is provided by Participants of the Santa Barbara Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Santa Barbara Association of REALTORS MLS.
Data last updated at: 2026-10-26 08:22 PM UTC
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