The Palm Tree Apartments consist of 40 units across 3 well-maintained buildings. The apartments feature (35) 450 SF 1/1 + (5) 550 SF 2/1 units. The majority of the units have been thoughtfully remodeled with updated flooring and fresh paint. Upstairs apartments offer vaulted ceilings + private balconies, while downstairs units include spacious private patios. The property's newly refreshed landscaping enhances the communal courtyard, providing tenants with a serene retreat. The roof has been well-maintained by the current ownership, with the most recent work completed in 2023. Additional amenities include assigned parking and tenant storage options. Centrally located in downtown Santa Barbara + just a few blocks from Cottage Hospital, this property is just minutes from shopping + dining. Tenants pay for electricity. Landlord pays for water/trash and electricity for common areas, manager's unit and office. Current rents are well below market due to current ownership running as a non-profit offering senior housing. Tremendous value add in prime location.

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.