This is a very unique and one-of-a-kind property with both living and open space opportunities for a single family, multi-family, or an investor to create and build their own dream. Located in a R-M (Residential Multi-Unit)/R-3 zoning, this well maintained original 1930's cottage offers a comfortable living room, nicely sized kitchen with plentiful cupboard & counter space and gas stove, 2 bedrooms, den with closet & office (that could be 2 more bedrooms), a bathroom with bathtub, a small shower & toilet room and an outdoor laundry area. The home has some updated lighting & plumbing and newer sewer line while offering the classic 1930's cottage charm of molding, high ceilings, some original windows and exterior wood siding. The permitted oversized two-car garage has been modified to offer two rooms and additional space that include a counter, stove, sink and closet. The property boasts a very large yard to create separate and private spaces; add an ADU, second garage or keep it as it is. Currently there is room for multiple car parking in the driveway and on some yard areas. Located close to downtown Santa Barbara.