Two homes on one lot—perfect for multigenerational living or rental income. 740 Walnut Lane offers a flexible layout with a 3-bedroom, 2-bath main residence and a 2-bedroom, 1-bath ADU with a private entrance and beautiful mountain views. The ADU is situated at the rear of the property, offering privacy and ideal separation for guests, tenants, or extended family. The backyard includes a sunlit patio and an array of mature fruit trees, including avocado, apricot, plum, and apple, creating a peaceful outdoor retreat. A brand-new electrical panel has been installed, and the home features dual-pane windows for added comfort. Located minutes from UCSB, top-rated schools, the Magnolia Shopping Center, and with easy access to the Obern Bike Trail, this property combines location, potential, and versatility. Live in one unit and rent the other, or bring the whole family. There are endless possibilities at 740 Walnut Lane - Call your Realtor to set up a showing today!