520 W Gutierrez St, Santa Barbara, CA 93101

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.