Incredible opportunity to own a centrally located 1-bedroom, 1-bathroom home just 0.5 miles from downtown Santa Barbara. This 588 sq ft cottage offers exceptional walkability to some of the city's most iconic landmarks, including the Santa Barbara Courthouse Gardens (0.6 mi), Arlington Theater (0.5 mi), Granada Theater (0.5 mi), and Stearns Wharf (1.8 mi). The home features several recent updates, including a brand new toilet, new bathroom faucet, new shower head, and a replaced kitchen faucet. The washer and dryer (newer units), stove, and refrigerator are all included. Windows were replaced in 2014, and a new sewer lateral line has been installed—offering key functional upgrades for future renovation or restoration. The living room and dining room feature classic wood louvered shutters, adding character and allure to the space. With its prime location and strong short-term rental appeal, the property presents excellent Airbnb potential for investors. Please note that due to the home's current condition, it will likely not qualify for traditional financing. Ideal for cash buyers, investors, or those looking for a project in a highly desirable location. Don't miss this unique opportunity to bring new life to a property just minutes from Santa Barbara's vibrant downtown, world-class dining, and the beach.