NOT LISTED FOR SALE
8 Beds
6 Baths
5,220 Sq Ft
1985 Built

Last Sold July 28, 2016

Last sale price $1,210,000 $232 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Laundry Facilities
  • Sinsheimer Elementary School Rated A

About This Home

As of July 2016

6-unit apartment building built in 1985. Large units featuring dual pane windows & fire sprinklers. Forced air heat in the 2-bedroom units & wall heaters in the 1-bedrooms. Each unit separately metered for electric, gas & water. Downstairs units have patios or small yards. Tenants pay their own utilities. Separate laundry building with 11 off-street concrete parking spaces. Upside in rents

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 06/13/2016

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Home Design

  • Slab Foundation

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces

Additional Features

  • Stove
  • Property is in good condition
  • Forced Air Heating System

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $86,400

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 053-071-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1985
  • Income Expenses Annual Income: 86400.0
  • Capitalization Rate: 4.21
  • Gross Rent Multiplier: 14.62
  • Monthly Income: 7200.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 11.0
  • ResoLaundryFeatures: Bldg
  • ResoSecurityFeatures: Fire Alarm
  • Reso Flooring: Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1985
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Total # Unconvered Spaces: 11.0
  • Foundation:Slab: Yes
  • Condition Good2: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Security Fire Alarm2: Yes
  • Amenities Gas Stove2: Yes
  • HeatingCooling GFA: Yes
  • Laundry Bldg: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 11.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 053-071-020
  • Zoning: R-3

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 86400.0
  • Total Actual Rent: 7200.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $1,210,000 -1.2% $232 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $1,225,000 -- $235 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1985

Santa Barbara Multiple Listing Service