NOT LISTED FOR SALE

1111 E Cota St Santa Barbara, CA 93103

Eastside Neighborhood

Estimated Value: $3,271,000 - $3,454,000

3 Beds
2 Baths
4,457 Sq Ft
$746/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2022

Last sale price $3,250,000 $729 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $20,682 / mo

13 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • 6 Car Garage
  • Franklin Elementary School Rated A-
  • Laundry Room
  • Property is in excellent condition

About This Home

As of August 2022

Nestled at the base of SB's famed Lower Riviera lies this exceptional investment opportunity consisting of 3 freestanding homes located just minutes to Downtown SB, SB County Bowl, the Funk Zone, shopping, & SB's beaches. 1111 E Cota St was originally built in the mid 1920's & was substantially remodeled in 1999 when 620A & 620B N Voluntario St were built. Each home consists of 3BD/2BA w/ an attached 2-car garage & range in size from 1430-1530 SF & features its own laundry room, its own outdoor areas, & is separately metered for all utilities. Originally built to be condos, this offering represents a truly unique opp for either an owner occupant, apt investor, 1031 buyer, employee housing buyer, &/or a buyer interested in adding 1 ADU or converting the homes into individual condo

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 05/03/2022

Last Buyer's Agent

Francois DeJohn

Hayes Commercial Group License #01144570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1999

Lot Details

  • 10,890 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 6 Car Garage

Home Design

  • 4,457 Sq Ft Home

Schools

  • Franklin Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Laundry Room
  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 031-190-031

Community Details

Overview

  • 3 Units
  • 15 Riviera/Lower Subdivision

Building Details

  • Gross Income $141,504

Property Details

Home Type

Multi-Family

Year Built

Built in 1999

Lot Details

0.25 Acres

Parking

6

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1999
  • Income Expenses Annual Income: 141504.0
  • Monthly Income: 11792.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 6.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - Riviera/Lower
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1999
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 4457.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 10890.0
  • Proximity Near Bus: Yes
  • Parking Info Garages: Yes
  • Income Expenses Actual: Yes
  • Parking Info Total # Garage Spaces2: 6.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.25

Garage/Parking

  • Garage Spaces: 6.0
  • Parking Features: Garages
  • Total Parking Spaces: 6.0

Schools

  • Elementary School: Franklin
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 031-190-031
  • Zoning: R-2
  • Lot Size Sq Ft: 10890.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 141504.0
  • Total Actual Rent: 11792.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Aug 26, 2022
Sold by
Di Capricasa Living Trust and Hoey Dennis
Bought by
Cvc Cota Llc
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Francois DeJohn
Hayes Commercial Group
Sold Price
$3,250,000
Current Estimated Value
$3,326,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,791
Avg. Annual Appreciation
0.64%
Original Mortgage
$1,000,000
Outstanding Balance
$948,459
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$2,378,332

Purchase Details

Closed on
Sep 13, 2019
Sold by
Hoey Dennis
Bought by
Hoey Dennis and The Di Capricasa Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2019
Sold by
Hoey Dennis Scott and Kahn Tracy Ann
Bought by
Hoey Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2015
Sold by
Hoey Dennis Scott and Kahn Tracy Ann
Bought by
Hiey Kahn Living Trust and Khan Tracy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
3.81%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 4, 2013
Sold by
The Palm Grove Llc
Bought by
Hoey Dennis Scott and Kahn Tracy Ann

Purchase Details

Closed on
Jul 12, 2011
Sold by
Wells Fargo Bank Na
Bought by
The Palm Grove Llc

Purchase Details

Closed on
Jul 28, 2010
Sold by
Lockwood Jeffrey B and Lockwood Joanne P
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 16, 2008
Sold by
Lockwood Jeffrey B and Lockwood Joanne P
Bought by
Sb Group Holdings Llc

Purchase Details

Closed on
Jun 19, 1998
Sold by
Hindmarsh Arthur P & Yvonne A Trust and Yvonne A
Bought by
Hindmarsh Yvonne A

Purchase Details

Closed on
Sep 6, 1996
Sold by
Hindmarsh John L
Bought by
Hindmarsh John L and Hindmarsh Thelma

Purchase Details

Closed on
Dec 28, 1995
Sold by
Hindmarsh Corinne A and Hindmarsh Patrick L
Bought by
Hindmarsh John L and Hindmarsh Yvonne A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Cvc Cota Llc $3,250,000 First American Title
Hoey Dennis -- Chicago Title Co Com Div
Hoey Dennis -- None Available
Hiey Kahn Living Trust -- Fidelity National Title
Hoey Dennis Scott -- None Available
The Palm Grove Llc $1,200,000 Fidelity National Title Co
Wells Fargo Bank Na $1,184,324 None Available
Sb Group Holdings Llc -- None Available
Hindmarsh Yvonne A -- Chicago Title
Hindmarsh John L -- --
Hindmarsh John L -- --
Hindmarsh John L -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Cvc Cota Llc $1,000,000
Previous Owner Hoey Dennis $2,400,000
Previous Owner Hiey Kahn Living Trust $2,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $3,250,000 0.0% $729 / Sq Ft
08/14/2022 08/14/22 Off Market $3,250,000 -- --
05/16/2022 05/16/22 Pending -- -- --
Source: Santa Barbara Multiple Listing Service

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 $35,081 $3,381,300 $1,300,500 $2,080,800
2023 $35,081 $3,250,000 $1,250,000 $2,000,000
2022 $15,117 $1,420,325 $473,441 $946,884
2021 $14,770 $1,392,476 $464,158 $928,318
2020 $14,618 $1,378,199 $459,399 $918,800
2019 $14,363 $1,351,177 $450,392 $900,785
2018 $14,160 $1,324,684 $441,561 $883,123
2017 $13,693 $1,298,710 $432,903 $865,807
2016 $13,383 $1,273,246 $424,415 $848,831
2015 $13,237 $1,254,121 $418,040 $836,081
2014 $13,020 $1,229,556 $409,852 $819,704
Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2022

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    10 in this area

    79 Total Sales

    Christos Celmayster
    Section Image
  • Francois DeJohn

    Buyer's Agent in 2022

    Francois DeJohn

    Hayes Commercial Group

    (805) 895-1694

    6 in this area

    57 Total Sales

    Francois DeJohn
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-1386

Santa Barbara Multiple Listing Service

APN: 031-190-031

California Santa Barbara County Santa Barbara 93103 Eastside

1111 E Cota St, Santa Barbara, CA

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