Welcome to Candlelight! A Beautiful 8 unit apartment complex located in the multi-million dollar neighborhood of Santa Barbara Shores! You can run short term vacation rentals or long term rentals with boats, jet skis, & water toys right off the back! This unique building offers 4 large 2/2's, 4 large 1/1's, 4 boat slips, an office with a toilet and sink, and a laundry facility. 60' Waterfront, Ocean Access, No Fixed Bridges. East Facing exposure for constant breeze and shade in the afternoon. Large courtyard and backyard for activities! The income possibilities are endless! 4 brand new HVAC systems for central cooling upstairs and 8 new wall units downstairs! Property was appraised at $3.88M on 7/14/23. The 50 year inspection report is already done! Cash Only! No Seller Financing!