Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 6 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area. One of the 2 bedroom units can be delivered vacant.

Listing courtesy of Jennifer Stein of Keller Williams Realty Santa Barbara

Based on information from the The MLS as of 2026-07-27 06:05 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.