1014-1016 Garden Street

Description

SETTING UP SHOWINGS (2/4 & 2/5) from 2-5 p.m. Incredible luxury duplex opportunity! Located in a downtown neighborhood filled with history, beauty and charm, 1014 & 1016 Garden Street provides the opportunity to invest in two beautifully designed 2 bedroom, 2 bathroom townhomes located in the heart of Santa Barbara.Built in the same Andalusian style as the Santa Barbara Courthouse and completed in 2007, each townhome is approximately 2,300 SF. Rich hardwood floors, marble countertops, custom tile and stone work, Viking appliances, and three gas fireplaces - including the rooftop terraces - are just some of the luxurious amenities. The property has a shared elevator connecting the enclosed off-street garage with the main floor living and third floor primary suites.Live in one townhome and lease out the other (located in the favorable commercial zone (C-G), which allows for short term rentals with a permit - potential to generate up to $26,000+ per month total / $13,000+ per townhome - 4.5% pro-forma cap rate), use the entire property as a live/work environment, dual living opportunities for family members or friends, condo the units and sell them off individually, or with some modification create one magnificent large residence. The condo process was previously started. Contact Broker for more info. 1014 Garden Street is currently leased UNFURNISHED for $7,500/month with a two-year lease expiring August 2022. 1016 Garden is currently leased as a FURNISHED rental on a M-T-M basis for $7,500/month and can be available with 60 days notice. Enjoy the incredible unobstructed Riviera views from the rooftop terrace of 1016 Garden St., while receiving long term guaranteed income from 1014 Garden St. Each townhome has 2 dedicated parking spaces in a private and secure garage. The primary bedroom on the main level has generous closets as well as an attached bathroom with a shower-tub combination. The third-floor primary suite features a custom gas fireplace, separate shower and jacuzzi tub, walk-in closet and French doors that open to a beautiful private rooftop terrace - perfect for relaxing or entertaining guests. While both terraces have views that include peaks of the ocean, 1016 faces the mountains and has incredible views of the Riviera, while 1014 has views of downtown. With a walk score of 90, these townhomes are ideally situated to vibrant downtown Santa Barbara, while maintaining privacy on a tree-lined street. Walk easily to all the shops, restaurants, museums and experiences that Downtown Santa Barbara has to offer. *Please note that photos shown are from when both townhomes were fully furnished by Owner.