FORMER DOLLY PARTON RETREAT | DOWNTOWN SOLVANG | 3 UNITS + 4TH-UNIT POTENTIAL | $1,995,000 Rare value-add multifamily opportunity in the heart of downtown Solvang offering immediate income, identifiable rent upside and the potential to add a fourth residential unit. Currently configured as three residential units generating approximately $116,500+ in gross annual income, the property also includes two existing garage bays that may provide an opportunity to create an additional residential unit, subject to zoning, permitting and building requirements. Based on estimated market rents, a fourth unit could potentially generate approximately $20,000+ in additional annual income, creating a potential path toward $136,500+ in gross annual income. INVESTMENT HIGHLIGHTS - $116,500+ current gross annual income - Potential 4th residential unit through conversion of existing garage space - $20,000+ potential additional annual income from fourth unit - $136,500+ potential gross annual income at current estimated rents, before additional rent-growth upside - Two existing units currently below estimated market rent, with approximately $1,110–$1,150/month of identifiable rental upside - Three existing income-producing residential units - Upper three-bedroom unit is month-to-month, offering flexibility for an investor or owner-user - Prime downtown Solvang location—walkable to restaurants, shops, wine tasting and major village attractions - Rare celebrity provenance: formerly associated with Dolly Parton and retaining the property's original Wig Room - Exceptional combination of in-place cash flow + rent growth + potential unit expansion + irreplaceable location THE INVESTMENT STORY This is more than a stabilized three-unit property. It offers an investor the opportunity to acquire a rare downtown Solvang multifamily asset with multiple avenues for increasing income—while owning a property with genuine historical and celebrity provenance that cannot be replicated. Buyer to independently verify all property, rental, financial, zoning, permitting, conversion feasibility and historical information.