Offered for the first time in over 60 years, this 3-bedroom, 2-bathroom home sits on an almost 7,000 sq. ft. lot and offers more than 1,200 sq. ft. of living space. Built in 1958 and lovingly held by the same family for decades, the property provides an amazing opportunity for updates and personalization. Inside, natural light fills the home through dual-pane windows, while new bedroom carpet and a cozy fireplace add comfort. The attached 2-car garage and easy single-level floor plan provide everyday convenience. The private backyard is a standout - complete with fruit trees and ample room for entertaining, gardening, and relaxation. Nestled in a desirable neighborhood between Santa Barbara and Goleta, 628 San Felipe Drive is moments from the Magnolia Shopping Center, Lane Farms, San Marcos High and Hollister Schools and Goleta Valley Cottage Hospital. Access to the More Mesa Open Space and beach and the Obern Trail bike path make this location a spectacular one for outdoor enthusiasts. Don't miss out on this rare opportunity for buyers or investors to create their dream home in one of the South Coast's most sought-after locations.