This is your chance to restore or reimagine a truly special property just minutes from downtown. Bring your vision, contractor, & creativity-opportunities like this are rare. Tucked above a coveted, tree-lined street in a peaceful setting, this distinctive home is reminiscent of timeless Santa Barbara charm. Enter through a covered courtyard into a light-filled foyer that connects the Main House, Adjacent Studio, and Upper Bonus Level. MAIN HOUSE: Spacious formal living & dining rooms overlook the side & backyards, with views toward a central atrium. A loft/office floats above the living room. Expanded kitchen with fireplace is adjacent to a cozy family room. Primary suite with ensuite bath & 2 additional bedrooms share a hall bathroom. STUDIO: Spacious with built in cabinetry, a fireplace, powder room, & courtyard views. A separate side entrance offers ADU potential. UPPER BONUS LEVEL:Bedroom/guest suite/study. A full bathroom and 3 storage areas ~ a natural retreat with endless possibilities.