This is a rare opportunity to acquire four (4) individually addressed townhomes in downtown Santa Barbara, California-- their first time to market since construction in 1985. Each residence is separately metered and sits on its own APN, supporting flexible ownership, operational efficiency, and full control over future disposition. See ''more'' The homes feature a highly desirable 2BD/2.5BA layout with large 2-car garages, plus rarely found outdoor living space in the form of spacious private backyards and balcony decks. The combination of privacy, parking, and outdoor space positions the property strongly for long-term rental demand and pride-of-ownership appeal. Given the Property's separate-title townhome structure, it is expected that the units may qualify as alienable separate-title residential housing and therefore are generally anticipated to be exempt from certain statewide and local tenant protec¬tion measures, including California's Tenant Protection Act (AB 1482), Santa Barbara's temporary rent increase moratorium, and select Just Cause eviction requirements.* * The applicability of any exemption is highly fact-specific and may depend on ownership structure, tenant occupancy, lease documentation, and statutory notice compliance. Accordingly, no representation or guar¬antee is made regarding regulatory status, and all buyers are encouraged to confirm applicability through independent legal review.