3040 Gibraltar Road

Santa Barbara, CA 93105

$3,500,000

Sold Price
6

bed Beds

6

shower Baths

5,296 sqft

straighten / sqft

2022

calendar_month Built

Property Description

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.

Listing Information

Close Price $3,500,000
Close Date Friday, March 8th, 2024
Status Closed
MLS SR23001289
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 2022
Lot Size 129,809
Structure Size 5,296
DOM 314
Courtesy Of Coldwell Banker Exclusive
Listing Agent Melinda Bonini DRE#01326360
Co-Listing Agent Lou Lollio DRE#00829436

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 6
Flooring Information
Material See Remarks
Fireplace Information
Features None
Additional Information
Additional Features See Remarks, Unfurnished
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features See Remarks
View Yes

Maps

Listing information courtesy of: Melinda Bonini, Lou Lollio, Coldwell Banker Exclusive 818-422-7447. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 8th, 2024 at 9:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.