407 State Street / 12 East Gutierrez Street is a premier mixed-use asset located in a prime downtown Santa Barbara location on lower State Street, just blocks from the beach and waterfront. The commercial component consists of a two-story retail/office building prominently fronting State Street, configured with a downstairs retail space and one upstairs space that allow for flexible multi-tenant income. Zoned M-C (Manufacturing Commercial), the property offers long-term operational and repositioning flexibility in one of the city’s most established pedestrian corridors. The residential component, accessed from Gutierrez Street, is a custom-designed 3-bedroom, 3-bath architectural home completed in 2002 and designed by renowned Santa Barbara architect Jeff Shelton. Known as the “Pistachio House,” the residence features distinctive artistic detailing, abundant natural light, and expansive indoor-outdoor living areas, along with a permitted bonus suite and oversized four-car garage. The home provides privacy and separation from the commercial frontage, creating a rare opportunity for an owner-user, live/work configuration, or luxury rental in the heart of downtown near the ocean.