NOT LISTED FOR SALE

118 E Sola St Santa Barbara, CA 93101

Downtown Santa Barbara Neighborhood
-- Bed
-- Bath
-- Sq Ft
1955 Built

Last Sold August 07, 2014

Last sale price $4,750,000

30 Days on Market

Highlights

  • Property is near park, public transit, schools, shops, and bus stop
  • Laundry Room
  • 2-minute walk to Alice Keck Park Memorial Gardens
  • Santa Barbara Senior High School Rated A-

About This Home

As of August 2014

Rare opportunity to acquire this 14 unit complex located on the corner
of Sola and Santa Barbara Streets in downtown Santa Barbara. The two story
property consists of (4) 1BR+1BA units and (10) 2BR+1BA units.
Bid Deadline - Wednesday, April 30
Tour Dates - Tues, April 22, 2:00PM-4:00PM BY APPOINTMENT ONLY. This is NOT an Open House.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/07/2014

Radius Group Commercial R.E.

Co-Listed By

Brian Johnson

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/07/2014

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Parking

  • 14 Parking Spaces
  • Carport

Additional Features

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

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 029-071-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1955
  • Capitalization Rate: 3.95
  • Gross Rent Multiplier: 16.45
  • Monthly Income: 21940.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 14.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1955
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Carport2: Yes
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 14.0

Schools

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

Lot Info

  • Parcel #: 029-071-004
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 14
  • Total Actual Rent: 21940.0
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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 List to Sale Price per Sq Ft
08/07/2014 08/07/14 Sold $4,750,000 +13.1% --
05/07/2014 05/07/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $4,200,000 -- --
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 $59,240 $5,708,781 $2,403,698 $3,305,083
2023 $59,240 $5,487,104 $2,310,360 $3,176,744
2022 $57,169 $5,379,514 $2,265,059 $3,114,455
2021 $55,861 $5,274,035 $2,220,647 $3,053,388
2020 $55,286 $5,219,957 $2,197,877 $3,022,080
2019 $54,324 $5,117,606 $2,154,782 $2,962,824
2018 $53,556 $5,017,262 $2,112,532 $2,904,730
2017 $51,788 $4,918,885 $2,071,110 $2,847,775
2016 $50,360 $4,822,437 $2,030,500 $2,791,937
2014 $13,883 $1,308,771 $473,574 $835,197
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2014

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    6 in this area

    89 Total Sales

    Steve Golis
    Section Image

  • B

    Seller Co-Listing Agent in 2014

    Brian Johnson

    Radius Group Commercial R.E.

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-1046

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Downtown Santa Barbara

118 E Sola St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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