4320 Modoc RD Santa Barbara, CA 93110

Fantastic income property in the 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 ea. All feature private patios w/ new vinyl fencing & newer kitchen appliances incl dishwashers. Attractive floorplans; 9 units with fireplaces. 8 units built in 1991; 5 units in 1975. Property has new roofs, front doors, exterior lighting. Driveway recently resurfaced. Each unit has detached garage w/ storage. 17 off-street parking. 4 units recently upgraded, getting over $2100/mo in rent. Sep metered for water, electric, & gas. Large 1.625 acre lot, which incl approx 1/3 acre excess land. Current zoning DR-8; underlying comprehensive zoning DR-12.3, which allows for 12.3 units/acre. Owner working with County to upzone the parcel to DR-12.3. Lots of potential with this property. Check w/ land use professional about possibility of adding additional units, community room & facilities, or converting to condos.