$2,775,000
$2,695,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
7,570 Sqft Lot
SOLD DATE : 01/05/2022
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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Bought with General NONMEMBER • NONMEMBER MRML
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