1611 Castillo Street Santa Barbara, CA 93101

1611 Castillo Street in Santa Barbara, California is a triplex offering a solid foundation of in-place income and an approved path to increased density. The property is currently configured as three units: a remodeled 2BD/1BA and a remodeled 1BD/1BA, renovated in 2018, along with a 1BD/1BA built in 2006. The 2006 unit includes central HVAC and a gas fireplace. Each unit features a private garage and dedicated storage, supporting tenant convenience and practical day-to-day use.

The 16,988 SF lot is fully entitled for a total of seven units, with approved plans in place that allow an investor to move forward with immediate execution and delivery of additional housing inventory. The property is described as being within minutes of downtown Santa Barbara and the beach, with convenient access to State Street and the Funk Zone, dining, retail, entertainment, and nearby public transportation.

For buyers or operators seeking a residential income property with both current rental utility and an entitlement-driven expansion component, this asset provides a clear, near-term development framework alongside a well-maintained existing duplex/triplex setup. The mixture of renovation timing and unit features such as central HVAC and in-unit heating elements can help support ongoing leasing flexibility while the approved seven-unit plan prepares for future capacity.