3040 Gibraltar Road Santa Barbara CA 93105 MLS #SR23001289

alt=”3040 Gibraltar Road [0]” >

alt=”3040 Gibraltar Road [1]” >

alt=”3040 Gibraltar Road [2]” >

alt=”3040 Gibraltar Road [3]” >

alt=”3040 Gibraltar Road [4]” >

REO Foreclosure Builder Investor Fix and Flip with income property potential. Live in or Rent out Guest House while finishing Construction. Incomplete new construction builder states approximately 80% completed. Main Estate house 4 BR 4.5 BA 4078 Sq ft. + 400 sq ft. Observation deck, according to the plans. Guest House built in 1982, 1BR and Loft and 2 BA 1151 Sq ft, with a laundry room according to the plans and is move in ready. Each has 4+ car parking. One of the highest homes in the hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS, CHANNEL ISLANDS, etc. This is a once in a lifetime opportunity for the right buyer. The Builder ran out of money during Covid restrictions and could not complete the buildout. Bring your builder or we have a builder who would love to complete the buildout. We have cost breakdowns and estimates available. Main house has 2 car garage to be finished in the construction.

Property Details

Interior

Accessibility Features

Other, See Remarks

Appliances

None

Basement

Unfinished

Cooling

None

Fireplace Features

None

Flooring

See Remarks

Heating

None

Interior Features

Unfurnished

Window Features

Wood Frames

Exterior

Community Features

Mountainous

Foundation Details

See Remarks

Garage Spaces

4.00

Lot Features

Lot Over 40000 Sqft

Parking Features

See Remarks

Parking Spots

4.00

Pool Features

None

Roof

See Remarks

Sewer

Unknown

View

City Lights, Coastline, Harbor, Mountain(s), Ocean

Water Source

See Remarks

Financial

Association Fee

0.00

Buyer Agent Compensation

2.500

Utilities

None, See Remarks

Santa Barbara Neighborhoods

Courtesy of Coldwell Banker Exclusive. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.

Rover IDX