102 S Voluntario St, Santa Barbara, CA 93103 For Sale

PRP is proud to present 102 S. Voluntario Street, a four-unit multifamily investment opportunity located in the heart of Santa Barbara's highly sought-after rental market. Situated on an approximately 8,500-square-foot lot, the property consists of two duplexes offering an attractive combination of renovated and newly constructed units.

The front duplex features two extensively renovated one-bedroom, one-bathroom units, while the rear duplex consists of two newly constructed ground-up two-bedroom, one-bathroom units. This well-balanced unit mix provides broad tenant appeal and is well positioned to attract a diverse renter profile.

The property will be delivered with three of the four units vacant, providing exceptional flexibility for both owner-users and investors. An owner-user has the opportunity to occupy one residence while generating income from the remaining units, while investors can immediately lease the vacant units at market rents without displacement concerns.

Units A and B have historically leased quickly, demonstrating strong demand for the location and product type. Units C and D are newly completed ground-up construction that have never been occupied, offering tenants modern finishes and allowing new ownership to establish rental rates from day one.

102 S. Voluntario Street offers a rare opportunity to acquire a turnkey multifamily asset with significant lease-up potential, strong longterm rental fundamentals, and immediate operational flexibility.