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.
MLS #
CRSR23001289
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50%
Kitchen
None
Fireplace
None
Flooring
Other
Laundry
None
Cooling
None
Heating
No Heating
Roof
Other
Foundation
Other
Pool
None
Style
Other
Garage/Parking
Other, Garage: 4 Car(s)
Water
Other
HOA Fee
$0
Zoning
40-E-1
Listing Agent
Melinda Bonini
Coldwell Banker Exclusive
License #: 01326360
Phone: (818) 422-7447
Co-Listing Agent
Lou Lollio
Lou Lollio
License #: 00829436
Phone: (310) 293-9860
3040 Gibraltar Rd is a Single Family Residence in Santa Barbara, CA 93105. This 5,296 square foot property sits on a 2.98 Acres Lot and features 6 bedrooms & 5 full and 1 partial bathrooms. It is currently priced at $3,500,000 and was built in 2022.
This address can also be written as 3040 Gibraltar Rd, Santa Barbara, CA 93105.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 08, 2024. For the most current information, please contact Melinda Bonini, (818) 422-7447