Casa Castillo presents a rare opportunity to acquire a fully permitted, five-suite boutique hotel in downtown Santa Barbara, just half a mile from State Street and minutes from the Funk Zone, beaches, shopping, and dining.​ As one of a limited number of fully permitted short-term rental properties in the downtown core, the property was extensively remodeled in 2020 and enhanced by more than $212,000 in recent capital improvements.​ It offers two two-bedroom, two-bathroom suites with full kitchens and private laundry, plus three studios with kitchenettes, along with air conditioning, high-speed internet, touchless entry, EV charging, and private patios with BBQ facilities.​ Professionally managed under its own boutique hotel brand with a dedicated website and sophisticated revenue management, Casa Castillo has achieved approximately 80% year-to-date occupancy at an average daily rate of $496.​ Offered at $4,600,000, the property reflects a 7% capitalization rate based on a twelve-month operating statement combining seven months of actuals and five months of conservative projections, giving a new owner a turnkey, income-producing hospitality asset in one of California’s most sought-after coastal markets,