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520 W Gutierrez Street

Santa Barbara, CA 93101

– beds
– baths
– sqft
7,570 sqft lot
1979 build
– on site

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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.

Listed By CRMLS_CA / Nicholas Henry / Beachside Partners

Last checked: Checking… • Last updated May 21, 2023 •

MLS# V1-7970 —

The Building

Year Built:

1979
Year Built Source:

Assessor
Common Walls:

No Common Walls
# of Buildings:

1
Total Number Of Units:

3
Stories Total:

2
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

Located off Castillo exit of 101
Latitude:

34.41014900
Longitude:

-119.70070900

The Property

Property Type:

Residential Income
Lot Features:

Sprinklers None
Lot Size Area:

7570.0000
Lot Size Acres:

0.1738
Lot Size SqFt:

7570.00
View:

None
Fencing:

None
Fence:

No
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

037180022

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

No
Cooling:

None

Appliances

Appliances:

Gas & Electric Range
Included:

Yes

The Community

Subdivision:

Santa Barbara: Other - 0080
Senior Community:

No
Features:

Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Detached Carport, Garage, Uncovered
Parking Spaces:

6.00
Garage Spaces:

2.00
Uncovered Spaces:

2.00
Carport Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/5/22 Jan 5, 2022	Sold	CRMLS_CA	$2,775,000	3.0%
11/22/21 Nov 22, 2021	Pending	CRMLS_CA	$2,695,000
8/24/21 Aug 24, 2021	Listed / Active	CRMLS_CA	$2,695,000

Multifamily Sold on 1/5/2022

$2,775,000

Listing provided by broker:

Nicholas Henry

Beachside Partners

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Listing Courtesy of: CRMLS_CA and Beachside Partners. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

520 W Gutierrez Street

Santa Barbara, CA 93101