1611 Castillo Street, Santa Barbara, CA 93101

1611 Castillo Street presents a rare opportunity to acquire a well-located triplex on a 16,988 SF lot, fully entitled for a total of seven units providing a clear, near-term path to development and increased density. The property offers strong in-place income today, with approved plans in place that allow an investor to immediately execute and deliver much-needed housing inventory into Santa Barbara's supply-constrained rental market. The property currently consists of three well-maintained units: a remodeled 2BD/1BA and 1BD/1BA (renovated in 2018), along with a 1BD/1BA built in 2006 featuring central HVAC and a gas fireplace. Each unit includes a private garage and dedicated storage, enhancing tenant appeal and supporting additional income potential. Ideally located just minutes from downtown Santa Barbara and the beach, residents enjoy convenient access to State Street, the Funk Zone, dining, retail, and entertainment, as well as nearby public transportation. 1611 Castillo offers a compelling opportunity to scale income, improve overall asset quality, and capitalize on sustained rental demand in one of California's most desirable coastal markets.