Santa Barbara, CA 93101,520 W Gutierrez ST
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Santa Barbara, CA 93101,520 W Gutierrez ST
Santa Barbara, CA 93101,520 W Gutierrez ST
Santa Barbara, CA 93101,520 W Gutierrez ST
Santa Barbara, CA 93101,520 W Gutierrez ST

$2,695,000

Est. payment /mo
Est.Price: ?

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520 W Gutierrez ST Santa Barbara, CA 93101

7,570 Sqft Lot

SOLD DATE : 01/05/2022

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

Parking Features 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

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California Regional MLS (CRMLS)
Listed by Nicholas Henry • Beachside Partners
Bought with General NONMEMBER • NONMEMBER MRML

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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