NOT LISTED FOR SALE

118 E Sola St Santa Barbara, CA 93101

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

Sale Details

Date Sold: August 7, 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.
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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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,519,000
Outstanding Balance
$3,059,127
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 7, 2014
Closed on
Jul 30, 2014
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$4,200,000
Sold Price
$4,750,000
Premium/Discount to List
$550,000
13.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,280,000
Interest Rate
4.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 23, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Santa Barbara, CA

  • Colleen Beall Real Estate Agent - Compass

    Colleen Beall

    Compass

    (805) 243-1083

    31 Total Sales

    1 in Downtown Santa Barbara

    $1,860,000 Price

    Colleen Beall
     Section Image
  • Susan Pate Real Estate Agent - Compass

    Susan Pate

    Compass

    (805) 617-1044

    10 Total Sales

    1 in Downtown Santa Barbara

    $2,050,000 Price

    Susan Pate
     Section Image
  • Gary Goldberg Real Estate Agent - Coastal Properties

    Gary Goldberg

    Responds Quickly

    Coastal Properties

    (805) 617-1575

    90 Total Sales

    3 in Downtown Santa Barbara

    $1,091,000 Price Range

    Gary Goldberg
     Section Image
  • Nicklas Svensson Real Estate Agent - Compass

    Nicklas Svensson

    Compass

    (805) 401-0343

    12 Total Sales

    2 in Downtown Santa Barbara

    $1.2M - $2.1M Price Range

    Nicklas Svensson
     Section Image
  • Kendrick Guehr Real Estate Agent - Keller Williams Realty Santa Barbara

    Kendrick Guehr

    Keller Williams Realty Santa Barbara

    (805) 618-1469

    98 Total Sales

    6 in Downtown Santa Barbara

    $995K - $2M Price Range

    Kendrick Guehr
     Section Image
  • Kristopher Roth Real Estate Agent - Hayes Commercial Group

    Kristopher Roth

    Hayes Commercial Group

    (805) 979-2056

    47 Total Sales

    18 in Downtown Santa Barbara

    $1 - $7.7M Price Range

    Kristopher Roth
     Section Image
See All Agents

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
-- Lawyers Title Company
$4,750,000 First American Title Company
-- None Available
-- --
-- Equity Title Company
-- Equity Title Company
-- --
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 $3,519,000
Previous Owner $2,280,000
Source: Public Records

Property 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 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

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

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
2026 $60,270 $5,822,955 $2,451,771 $3,371,184
2025 $60,270 $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 Real Estate Agent - Radius Group Commercial R.E.

    Seller's Agent in 2014

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    7 in this area

    95 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

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