NOT LISTED FOR SALE
1 Bed
2 Baths
3,920 Sq Ft
9,148 Sq Ft Lot

Last Sold December 19, 2018

Last sale price $3,145,000 $802 Per Sq Ft

Highlights

  • Ocean View
  • Laundry Room
  • 1-Story Property
  • 0.21 Acre Lot

About This Home

As of December 2018

Amazing opportunity to own a wonderful beach property that sits in thehighly sought after West Beach Neighborhood and was once known asthe ''Ambassador Sulphur-Baths''. The black and gold tiles that announcethe property remain in the curbside steps. This Spanish Colonial-styleapartment complex is just a couple blocks from downtown Santa Barbaraand just steps from the gorgeous sand and waterfront. This charmingproperty is located near parks, the harbor, Stearns Wharf, Funk Zone,restaurants, transportation, as well as many cultural opportunities toexplore. Wonderful unit mix of (5) 1 BD/1BA and (3) studios. Five of eight units have been remodeled. The ''WalkScore'' for this complex is 83 (very walkable) and a bike score of 99 -- abiker's paradise! This complex is very desirable for potential tenants.

Last Agent to Sell the Property

Lori Zahn

Lori Zahn, Broker License #01914851 Listed on: 10/12/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 9,148 Sq Ft Lot
  • Land Lease

Home Design

  • Property Attached

Interior Spaces

  • 1-Story Property
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • Parking Available
  • On-Street Parking
  • Unassigned Parking

Utilities

  • No Hot Water

Listing and Financial Details

  • Assessor Parcel Number 033072009

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Net Operating Income $105,876

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • CapRate: 3.21
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Zoning: R-4/S-D-3
  • Property Type: Residential Income
  • Parcel Number: 033072009
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean

Garage/Parking

  • Parking: Yes
  • Parking Features: Street, Unassigned

Utilities

  • Laundry: Yes
  • Appliances: No Hot Water
  • Laundry Features: Community

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average Studio Area: 276 Square Feet
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 105876.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
12/19/2018 12/19/18 Sold $3,145,000 0.0% $802 / Sq Ft
12/19/2018 12/19/18 Sold $3,145,000 -4.6% $802 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
10/12/2018 10/12/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $3,295,000 -- $841 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V0-218010981

Ventura County Regional Data Share