Casa Castillo presents a rare opportunity to acquire a fully permitted, five-suite boutique hotel in the heart of downtown Santa Barbara. Ideally situated just half a mile from State Street and minutes from the vibrant Funk Zone, beaches, shopping, and an abundance of dining and entertainment options, the property offers an exceptional location in one of California’s most desirable coastal destinations. As one of a limited number of fully permitted short-term rental properties in Santa Barbara’s downtown core, Casa Castillo represents a unique opportunity to acquire a turnkey hospitality investment with an established operating platform and attractive cash flow. Extensively remodeled in 2020 and further enhanced by more than $212,000 in recent capital improvements, Casa Castillo features a thoughtfully designed collection of five beautifully appointed guest suites. Accommodations include two spacious two-bedroom, two-bathroom suites with full kitchens and private laundry facilities, complemented by three well-appointed studios with kitchenettes. Recent improvements include new furnishings and appliances, upgraded flooring and fixtures, enhanced sound insulation, landscaping, security and fire protection systems, and EV charging. Modern amenities such as air conditioning, high-speed internet, touchless entry, and private outdoor patios with BBQ facilities provide an elevated guest experience that appeals to both leisure travelers and extended-stay guests. Professionally managed under its own established boutique hotel brand, Casa Castillo benefits from a dedicated website, sophisticated revenue management, and a streamlined hospitality operation designed to maximize revenue while delivering a consistent guest experience. The property has achieved approximately 80% year-to-date occupancy at an average daily rate of $496, demonstrating its ability to attract guests at premium room rates in Santa Barbara’s competitive hospitality market. Offered at $4,600,000, Casa Castillo combines the scarcity of a fully permitted downtown hospitality asset with the appeal of a substantially renovated property, established operations, and compelling investment economics. The offering reflects a 6.5% capitalization rate based on a twelve-month operating statement comprised of six months of actual performance and six months of conservative projections. With significant recent capital improvements, an established hospitality brand, and professional management already in place, Casa Castillo offers its new owner the opportunity to acquire a high-quality, income-producing hospitality asset with an attractive return profile in one of California’s most sought-after coastal markets.