$2,695,000
For more information regarding the value of a property, please contact us for a free consultation.
520 W Gutierrez ST Santa Barbara, CA 93101
7,570 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Santa Barbara: Other - 0080
MLS Listing ID V1-7970
Year Built 1979
Lot Size 7,570 Sqft
Property Description
Well maintained and conveniently located large 10BD/6BA triplex investment opportunity for a new or seasoned investor. Offered at a 4.14% CAP rate on actuals with upside potential, 520 West Gutierrez features a great unit mix of (2) 3bd/2bath and (1) 4 bd/2ba fully furnished townhome style units with 6 off street parking spaces. Extensive ADU feasibility analysis recently performed by current ownership towards potential 400-500 SF 1 bedroom unit and provides a 'road map' for a new owner. Units have been tastefully updated and have great amenities including private patios, common laundry room, paid for utilities (including cable and TV), full furnishings and high walkability. With its short distance to beach and Harbor, Funk Zone, State Street Promenade and easy access to public transportation as well as the 101 freeway this a highly desirable location for either students or young professionals.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Interior
Heating ForcedAir
Cooling None
Fireplaces Type None
Laundry CommonArea
Exterior
Garage DetachedCarport, Garage, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description SprinklersNone
Story 2
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with General NONMEMBER • NONMEMBER MRML