The Montecito presents a rare investment opportunity that marries both a charming Spanish style front duplex with a newly developed and modern rear duplex comprised of two new spacious Townhome ADUs. This investment opportunity presents an ideal income property for either an owner-user or multi-generational family looking to live in one or both beautiful new ADU townhomes, or an astute investor looking to acquire a well-positioned asset with rental upside potential. Furthermore, Sellers are offering a 2-1 interest rate buy-down to qualified Buyers allowing for the potential to achieve a day 1 positive cash flow and the peace of mind that comes with securing an attractive and lower-than-market interest rate over the course of the next two years. This high-income producing 4-plex is comprised of 2 (3+2) units in a one-story building built in 1923, averaging ±918 sq ft, and 2 (3+2) newly developed townhouse ADU units built in 2024 averaging ±1,200 sq ft each. The combined building structure is ±4,236 square feet. The structures sit on a ±6,055 square foot lot, zoned LAR2. The two newly developed 3+2 Townhome ADUs have never been lived in but were previously approved for Section 8 for rental amounts of $4,000 each. Unit Improvement Summary includes: 3-Bedroom + 2-Bath Units: One of the front units has been highly improved with new countertops, wood like flooring and stainless steel appliances. Both units offer laundry rooms with washer/dryer hookups and individual hot water heaters. In 2016, the roof was replaced, and in 2024, ownership upgraded the electrical panels. 3-Bedroom + 2-Bath Tri-Level Townhome Units: Both newly constructed Townhome ADUs are immaculate and were developed in 2024 with sophistication and efficiency in mind. Each unit offers a soaring 16’ vaulted ceiling, accompanied by recessed lighting that illuminates the wide plank eco-friendly vinyl wood flooring with in-suite washer and dryer hook-ups. Both townhomes are equipped with fire suppression systems and ownership-installed solar panels, along with tankless water heaters, making these units not only beautiful but energy efficient. The solar panels are owned. There is no debt or lease obligation associated with the solar panels.