$4,950,000

Beautiful 8 unit apartment complex located the multi-million dollar neighborhood of Santa Barbara Shores! You can run short term vacation rentals or long term rentals with boats and jet ski rentals right off the back! This unique building offers 4 large 2/2's, 4 large 1/1's, 4 boat slips, an office with a toilet and sink, and laundry facility. It can be used as 11 units with 3- studios, 7 - 1/1's and 1 large 2/2 with an extra sunroom with an amazing water view! 60' Waterfront, Ocean Access, No Fixed Bridges. East Facing exposure for constant breeze and shade in the afternoon. Large courtyard and backyard for activities! 4 brand new central AC's for the upstairs units and 8 new wall units for downstairs! The income possibilities are endless!