Investment potential! This 1/3 acre corner lot in Montecito features 5 units, ample outdoor space with lush landscapes, and 2 separate addresses and driveways allowing for off-street parking. The main 3 bedroom, 2 bath house--currently rented as two units--boasts Spanish tile and oak floors, a brick fireplace, vaulted ceilings, Juperana Fiorentino granite kitchen counters, redwood patios, and abundant yard space. The second dwelling, separated by a redwood fence, boasts 3 units: 2 studios with their own outdoor sitting areas, granite counters, all-travertine full bathrooms, and washer/dryers; and a charming freestanding cottage with garden beds, a redwood patio, travertine and parquet floors, and a unique atrium off the bathroom with plants and a fountain. The property features wonderful outdoor space with mature fruit trees, fountains, a chicken coop, and a large outdoor storage area, and is conveniently located near Coast Village Road, the Miramar Hotel, and Montecito's Butterfly Beach.