Discover an extraordinary investment opportunity just across the street from Alameda Park & Kids World. This distinguished 5-plex Spanish-style property captures the timeless character of Santa Barbara's architecture while offering exceptional income potential. The apartment mix includes 4 expansive three-bedroom apartments & 1 large two-bedroom apartment, each with fireplaces and private patios or balconies that invite outdoor living. Ample parking includes 5 covered spaces & 6 uncovered, a true luxury in this prime downtown location. First time ever on the market, this legacy property presents a once-in-a-generation chance to own a 5-plex where charm, location, and opportunity converge.