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523 W Gutierrez St 11 Unit Apartment Building $1,750,000 ($159,091/Unit) Santa Barbara, CA 93101
Investment Highlights
- Prime Location
Executive Summary
523 W. Gutierrez is a charming, recently updated 2-bedroom, 2-bath single-family home on an expansive 8,712 SF lot in Santa Barbara's Lower Westside. The spacious lot provides ample space for outdoor entertaining and gatherings, while also offering potential for a future ADU or development opportunity. Ideally located just minutes from downtown Santa Barbara, the Funk Zone, the waterfront, and Santa Barbara City College, this is a rare opportunity to own a single-family home in a prime Santa Barbara location with both immediate appeal and long-term potential. This property is entitled for a 9-unit multifamily development, reach out for plans.
Reach out for detailed development plans.
Reach out for detailed development plans.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $5,000 | 820 |
| 4+1 | 1 | $5,500 | 857 |
| 2+1 | 2 | $2,529 | 591 - 624 |
| 1+1 | 7 | $2,725 | 300 - 585 |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 037-222-006 | Improvements Assessment | $509,379 |
| Land Assessment | $636,724 | Total Assessment | $1,146,103 |
Property Taxes
Parcel Number
037-222-006
Land Assessment
$636,724
Improvements Assessment
$509,379
Total Assessment
$1,146,103
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