This beautifully renovated Santa Barbara Structure of Merit, built in 1903 by the Hunt family, has been featured in multiple local magazines and is Mills Act eligible. The property includes a main residence with 5 large bedrooms and 3.5 remodeled bathrooms, as well as 2 guest units with 1 bedroom and 1 bathroom each, each with private entrances and terraces. These units are currently being used as short-term rentals, generating an impressive income stream. Inside the main residence, you'll find a gracious foyer with a center staircase, a spacious open living and dining room with high ceilings, a fireplace, and original oak and Douglas fir floors. The gourmet kitchen, designed and built by Devol Kitchens and shipped from the UK, is perfect for entertaining. The property has undergone a complete renovation, including a new engineered foundation, new electrical and plumbing systems, new roofs and outdoor terraces, updated irrigation and lighting, and more. It also includes a new 2-car garage with Level II electric vehicle charging capabilities and a sewer connection that can be used for a possible future ADU. Located just a short walk from the theater arts district, public market, fine dining, boutiques, SB museum of art, and several parks, this property is in the perfect location for enjoying all that Santa Barbara has to offer. Will consider Seller financing options.