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1220 Gillespie Street, SANTA BARBARA, CA 93101

$1,495,000
Property Type: Res Inc Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $1,495,000 List Date: 6/29/2022 Last Modified: 10/16/2025

Description

Great Investment Duplex Near Downtown Santa Barbara Located in a Prime Pocket of the Westside! .

Supplements: The units consist of a 3/1 + 2/1. The property has been meticulously maintained and is a great producing income property with very low maintenance and ton of rental upside. Perfect for owner users looking to supplement their income or investors who want to add an income property to the portfolio. This duplex would be a great addition. Enjoy mountain views and a close proximity to downtown's State Street, the beach, and everything Santa Barbara has to offer. Front unit #A - is a 2/1 with garage + laundry and private side yard. The current tenants are long-term and are month to month. Back unit #B is a 3/1 and has been beautifully and recently renovated with upgrades including a new AC/Heater system, new tankless water heater, laundry, dual pane windows and features a private backyard. Both units can accommodate off-street parking. Each unit has a tankless hot water heater system, the building has a newer commercial roof, new rain gutters, ABS plastic sewer pipe, all new landscaping, plus many additional upgrades.

More Information MLS# 22-2171

Location Info

Country: US Cross Street: Victoria St. District: 20 - SB/WEST OF STATE Street #: 1220 Street Name: Gillespie Street Suffix: Street State: CA Postal Code: 93101 County: Santa Barbara Parcel Number: 039-141-024

Contract Info

Buyers Agent $/%: 2.5 Current Price: $1,495,000 Price: 1595000 Begin Date: 2022-06-28 Status: Closed

Property Information

Year Built: 1957 Apx Lot SqFt: 5663 Recurring Fees: No Number of Units: 2

Neighborhood/Schools

Elementary School: Harding Junior High School: S.B. Jr. High School: S.B. Sr.

Owner Info

Deposit: 3

Remarks

COVID Showing Remarks: Please adhere to Covid protocols at all times while at property. Hot Sheet Comment: price

Condition

Excellent: 1

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near Shopping: 1

Laundry

In Unit: 1

Unit 1

# Units: 1 # Bedrooms: 2 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 2355 M/M: 1 Monthly Total: 2355

Income/Expenses

Total Monthly Income: 6350 Annual Income: 76200

Security

Smoke Detector(s): 1

Heating

Wall: 1 GFA: 1

Unit 2

# Units: 1 # Bedrooms: 3 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 3995 Monthly Total: 3995

Zoning

R-2: 1

Reports Available

TDS: 1 Home Inspection: 1 Pest Inspection: 1 Prelim: 1 NHD: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Meters

Sep Meter Elec: N Sep Meter Gas: No

Parking Info

Garage: 1 Outside: 1

Owner Provides

Water: 1 Trash: 1

Status Information

Sold Date: 2022-10-06 Sold Price: $1,495,000 Under Contract Date: 2022-09-21

NeighborhoodSchools

Neighborhood: 20 - Westside

Property Features

Unit 1: M/M Condition: Excellent Parking Info: Garage; Outside Proximity: Near Bus; Near Ocean; Near Park(s); Near Shopping Laundry: In Unit Security: Smoke Detector(s) Heating: GFA; Wall Owner Provides: Water; Trash Zoning: R-2 Reports Available: TDS; Home Inspection; Pest Inspection; Prelim; NHD Terms: Cash; Conventional Listing Type: ER
Listing Office: Compass
IDX
Last Updated: October - 16 - 2025
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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