520 W Gutierrez Street, SANTA BARBARA, CA 93101
$2,775,000
Property Type:
Res Inc
Square Footage:
3,962
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$2,775,000
List Date:
8/23/2021
Last Modified:
1/05/2022
Description
Great investment opportunity for a new or seasoned investor near SBCC! Offered at a 4.14% CAP rate on actuals with upside potential, 520 West Gutierrez has a great unit mix of (2) 3BD/2BA and (1) 4 BD/2BA fully furnished townhome style units w/ 6 off street parking spaces. Extensive ADU feasibility analysis recently performed 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 (inc cable and TV), full furnishings and high walkability. With its short distance to beach and Harbor, Funk Zone, State Street Promenade and HWY 101 this is highly desirable for either students or young professional
More Information MLS# 21-3181
Location Info
District: 20 - SB/WEST OF STATE
Street #: 520
Dir: W
Street Name: Gutierrez
Street Suffix: Street
State/Province: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 037-180-022
Cross Street: Ladera
Contract Info
Current Price: $2,775,000
Price: 2695000
Buyers Agent $/%: 2
Begin Date: 2021-08-23
Status: Closed
Status Information
Sold Date: 2022-01-05
Sold Price: $2,775,000
Under Contract Date: 2021-11-18
Property Information
Number of Units: 3
Stories: 2
Year Built: 1979
Main House SqFt: 3962
Apx Lot Size FxD: 7570
Apx # Acres: 0.17
Recurring Fees: No
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 6
# Refrigerators: 3
# Stoves: 3
Unit 1
# Units: 1
# Bedrooms: 4
# Baths: 3
Furnished: Y
Rent: 5900
Monthly Total: 5900
Unit 2
# Units: 1
# Bedrooms: 3
# Baths: 2
Furnished: Y
Rent: 3900
Monthly Total: 3900
Unit 3
# Units: 1
# Bedrooms: 3
# Baths: 2
Furnished: Y
Rent: 4995
Monthly Total: 4995
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Unit 1: Lease
Unit 2: Lease
Unit 3: Lease
Foundation: Slab
Parking Info: Garages; Uncovered; Mixed
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Zoning: R-4
Terms: Cash; Ctnl; OTHER/CLA
Listing Type: ER
Pub Listing Details: Owner is Licensee
Listing Office: Beachside Partners
Last Updated: January - 05 - 2022
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