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$ 2,000,000
Est. payment | /mo
3 Beds
2 Baths
8,712 Sqft Lot
$ 2,000,000
Est. payment | /mo
3 Beds
2 Baths
8,712 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Home/Estate
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-1817
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1910
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 8712.0
Property Sub-Type Home/Estate
Source Santa Barbara Multiple Listing Service
Property Description
Prime Santa Barbara Development Opportunity. 523 W. Gutierrez Street features an existing single-family home with a long-term tenant in place, providing immediate rental income, along with approved plans for a 9-unit residential development. Located in Santa Barbara's desirable Westside neighborhood, the property is just minutes from Downtown, State Street, the Funk Zone, the waterfront, and Santa Barbara City College. This rare entitled project offers investors and developers a unique opportunity to capitalize on strong housing demand in one of California's premier coastal markets while benefiting from current income and significant future upside.
Location
State CA
County Santa Barbara
Building
Foundation Pier & Post
Architectural Style Bungalow
New Construction No
Others
Tax ID 037-222-006
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Special Listing Condition Standard
Listed by Paloma Realty Partners Inc.
Schools and Properties Nearby
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