1107 E Cota St Santa Barbara, CA 93103
Eastside NeighborhoodEstimated payment $20,223/month
Highlights
- Property is near an ocean
- Franklin Elementary School Rated A-
- Property is near park, public transit, schools, shops, and bus stop
About This Home
Nestled at the base of Santa Barbara's famed Lower Riviera lies this exceptional investment opportunity consisting of three freestanding homes located just minutes to Downtown Santa Barbara, Santa Barbara's County Bowl, the Funk Zone, a wide arrange of shopping, and Santa Barbara's white sand beaches. Constructed in 1999, each home is a 3BD/2BA with an attached two-car garage ranging in size from 1,300 to 1,600 SF. Each home features its own laundry room, an exclusive outdoor living space, and is separately metered for all utilities. Originally designed and built to be condominiums, this offering represents a truly unique opportunity for a wide array of buyers, including owner-occupants, apartment investors, 1031 exchange buyers, employee housing buyers, and/or value-add buyers interested in adding one accessory dwelling unit or converting the homes into individual condos. CLA for details.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1999
Parking
- 6 Parking Spaces
Interior Spaces
- 4,394 Sq Ft Home
- 2-Story Property
- Laundry in unit
Schools
- Franklin Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- Property is near an ocean
- 0.25 Acre Lot
- Property is near park, public transit, schools, shops, and bus stop
- Individual Gas Meter
Listing and Financial Details
- Assessor Parcel Number 031-190-032
- Seller Considering Concessions
Community Details
Overview
- 3 Units
- 15 Riviera/Lower Subdivision
Building Details
- Operating Expense $57,221
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,542 | $3,329,280 | $1,300,500 | $2,028,780 |
| 2023 | $34,542 | $3,200,000 | $1,250,000 | $1,950,000 |
| 2022 | $20,270 | $1,906,005 | $808,608 | $1,097,397 |
| 2021 | $19,806 | $1,868,633 | $792,753 | $1,075,880 |
| 2020 | $19,602 | $1,849,474 | $784,625 | $1,064,849 |
| 2019 | $19,261 | $1,813,211 | $769,241 | $1,043,970 |
| 2018 | $18,988 | $1,777,658 | $754,158 | $1,023,500 |
| 2017 | $18,362 | $1,742,803 | $739,371 | $1,003,432 |
| 2016 | $17,915 | $1,708,631 | $724,874 | $983,757 |
| 2015 | $17,719 | $1,682,967 | $713,986 | $968,981 |
| 2014 | $13,294 | $1,255,675 | $502,270 | $753,405 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/28/2025 10/28/25 | For Sale | $3,340,000 | +4.4% | $760 / Sq Ft | |
| 08/31/2022 08/31/22 | Sold | $3,200,000 | 0.0% | $728 / Sq Ft | View Prior Sale |
| 08/14/2022 08/14/22 | Off Market | $3,200,000 | -- | -- | |
| 05/16/2022 05/16/22 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,200,000 | First American Title | |
| Interfamily Deed Transfer | -- | Chicago Title Co Com Div | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | -- | Fidelity National Title Co | |
| Trustee Deed | $990,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $2,400,000 | Commercial | |
| Previous Owner | $2,100,000 | Negative Amortization | |
| Previous Owner | $740,000 | Purchase Money Mortgage |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-3961
APN: 031-190-032
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