Santa Barbara, CA 93101,520 W Gutierrez ST
Santa Barbara, CA 93101,520 W Gutierrez ST
Santa Barbara, CA 93101,520 W Gutierrez ST
7
$2,775,000
$2,695,000
3.0%
Est.Price: ?

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7,570 Sqft Lot

520 W Gutierrez ST Santa Barbara, CA 93101

Est. payment /mo
SOLD DATE : 01/05/2022

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Key Details

Sold Price $2,775,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Santa Barbara: Other - 0080

MLS Listing ID V1-7970

Sold Date 01/05/22

HOA Y/N No

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

Fireplace No

Appliance ElectricRange, GasRange

Laundry CommonArea

Exterior

Parking Features DetachedCarport, Garage, Uncovered

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence None

Pool None

Community Features Suburban

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description SprinklersNone

Story 2

Others

Senior Community No

Tax ID 037180022

Acceptable Financing Conventional

Listing Terms Conventional

Financing 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

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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