1930s GRAND VILLA SPANISH TROPHY TRIPLEX COMPOUND. Seller will consider buying down interest rate to approximately 4.5% for the first year! Upper level owner's 3 Bed unit will be delivered vacant, presenting an exceptional opportunity for an owner-user or investor. Rare opportunity to own a character-rich Spanish compound in coveted Longwood Highlands with a projected CAP rate of over 5%, blending timeless architecture with thoughtful modern upgrades. The front duplex features two expansive 3-bedroom, 2-bath residences with oversized rooms, abundant natural light, and refined period details throughout. The rear 2-bedroom, 1-bath unit sits privately above the 4-car garage, offering separation and flexibility. Set behind a perimeter wall with an electronic gated driveway , this compound delivers privacy, security, views from the upper units and exceptional curb appeal. A private hedged front yard with mature, lush landscaping and intercom system welcomes you into a beautifully maintained courtyard setting with classic wrought iron detailing. High-end improvements include solid slab Italian marble wainscots, tile floors and countertops, designer fixtures, refurbished period lighting and energy-efficient systems. Major infrastructure upgrades include updated plumbing, electrical, and sewer lines. Additional features include beautiful oak hardwood floors, A/C, individual gas and electric meters, common area lighting as well as an abundance of off-street parking. The extra-large lot includes strong in-place rents, creating an attractive income profile with long-term upside potential. A rare blend of scale, character, privacy, and income in one of the area's most desirable neighborhoods.

Listing courtesy of Jennifer Stein of Keller Williams Realty Santa Barbara

Based on information from the The MLS as of 2026-07-27 08:07 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.