NOT LISTED FOR SALE

1231 Chino St Santa Barbara, CA 93101

Westside Neighborhood

Estimated Value: $2,072,000 - $2,976,000

7 Beds
5 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold May 31, 2017

Last sale price $1,675,000

Est. 41% increase in value since last sale

Current estimated payment $14,514/month

183 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Property is in excellent condition
  • San Marcos Senior High School Rated A

About This Home

As of May 2017

This 4 unit property is located on the west end of Santa Barbara close to restaurants & grocery stores, as well as SB City College, downtown Santa Barbara, the beach, & the Mesa. The building consists of a large 2BD/2BA unit w/ a bonus room, two 2BD/1BA units, and
one 1BD/1BA unit w/ a large deck. Great turnkey opportunity w/ recently upgraded units, strong in place income, and upside in rents. All but one unit have have been renovated with updated kitchens, bathrooms, new flooring, new appliances, new paint and new fixtures. Excellent rental property with significant demand from SBCC and tenants looking to be close to downtown Santa Barbara.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 09/26/2016

Last Buyer's Agent

Karen Spechler

Berkshire Hathaway HomeServices California Properties License #00552664

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,190

Lot Details

  • 10,019 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Harding Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Additional Features

  • Laundry in unit
  • Property is near an ocean
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 039-141-007

Community Details

Overview

  • 4 Units
  • 20 Westside Subdivision

Building Details

  • Operating Expense $36,201
  • Gross Income $121,080
  • Net Operating Income $81,247

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,190

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 121080.0
  • Capitalization Rate: 4.79
  • Gross Rent Multiplier: 14
  • Annual Expenses: 36201.0
  • Monthly Expense: 3017.0
  • Monthly Income: 10090.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 8.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Westside
  • New Construction: No
  • Reso Property Condition: Excellent
  • NeighborhoodSchools Elementary School: Harding
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Condo:Laundry in Unit: Yes
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 10019.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • IncomeExpenses NOI2: 81247
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.23

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 8.0

Schools

  • Elementary School: Harding
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 039-141-007
  • Zoning: R-2
  • Lot Size Sq Ft: 10019.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 121080.0
  • Annual Operating Expense: 36201.0
  • Total Actual Rent: 10090.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2016
Closed on
Apr 21, 2017
Sold by
Flanigan Daniel Patrick and Kearin Deyl Patrick
Bought by
Gonzalez Alfredo G and Gonzalez Jane A
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Karen Spechler
Berkshire Hathaway HomeServices California Properties
List Price
$1,950,000
Sold Price
$1,675,000
Premium/Discount to List
-$275,000
-14.1%
Current Estimated Value
$2,354,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,948
Avg. Annual Appreciation
5.28%
Original Mortgage
$1,000,000
Outstanding Balance
$825,567
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,731,392

Purchase Details

Listed on
Oct 7, 2014
Closed on
Sep 24, 2014
Sold by
Flanigan Ann Breese Freeman
Bought by
Flanigan Danlei Patrick
Seller's Agent
Eric Schott
Coldwell Banker Realty
Buyer's Agent
Malante Hayworth
Harbor View Real Estate and Investments
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.68%
Original Mortgage
$752,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2014
Closed on
Sep 3, 2014
Sold by
Kurland Irwin S
Bought by
Kearin Deyl Patrick and Flanigan Daniel Patrick
Seller's Agent
Eric Schott
Coldwell Banker Realty
Buyer's Agent
Malante Hayworth
Harbor View Real Estate and Investments
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2004
Sold by
Salzman Norman
Bought by
The Norman Salzman Living Trust and Salzman Norman

Purchase Details

Closed on
Oct 3, 1995
Sold by
St Clair Jr John J and St Clair Mary Charleine
Bought by
Delrosso Ron J and Delrosso Kenneth C

Purchase Details

Closed on
Sep 28, 1995
Sold by
Delrosso Jane
Bought by
Delrosso Ron
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gonzalez Alfredo G $1,675,000 First American Title Company
Flanigan Danlei Patrick -- First American Title Company
Kearin Deyl Patrick -- First American Title Company
Kearin Deyl Patrick $1,075,000 First American Title Company
The Norman Salzman Living Trust -- --
Delrosso Ron J -- Santa Barbara Title Co
Delrosso Ron -- Santa Barbara Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Alfredo G $1,000,000
Previous Owner Kearin Deyl Patrick $752,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $1,675,000 -14.1% --
03/28/2017 03/28/17 Pending -- -- --
09/26/2016 09/26/16 For Sale $1,950,000 +81.4% --
10/28/2014 10/28/14 Sold $1,075,000 -10.0% --
10/08/2014 10/08/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $1,195,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $20,190 $1,943,975 $812,407 $1,131,568
2023 $20,190 $1,868,490 $780,861 $1,087,629
2022 $19,483 $1,831,853 $765,550 $1,066,303
2021 $19,037 $1,795,936 $750,540 $1,045,396
2020 $18,841 $1,777,522 $742,845 $1,034,677
2019 $18,513 $1,742,670 $728,280 $1,014,390
2018 $18,251 $1,708,500 $714,000 $994,500
2017 $11,742 $1,113,220 $595,443 $517,777
2016 $11,491 $1,091,393 $583,768 $507,625
2014 $1,376 $118,959 $46,977 $71,982
Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2017

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    2 in this area

    85 Total Sales

    Section Image
  • Karen Spechler

    Buyer's Agent in 2017

    Karen Spechler

    Berkshire Hathaway HomeServices California Properties

    (805) 689-2717

    Section Image

  • E

    Seller's Agent in 2014

    Eric Schott

    Coldwell Banker Realty

  • S

    Seller Co-Listing Agent in 2014

    Sara Guthrie

    Coldwell Banker Realty

  • M

    Buyer's Agent in 2014

    Malante Hayworth

    Harbor View Real Estate and Investments

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-3215

Santa Barbara Multiple Listing Service

APN: 039-141-007

California Santa Barbara County Santa Barbara 93101 Westside

1231 Chino St, Santa Barbara, CA

This home is located at 1231 Chino St, Santa Barbara, CA 93101 since 26 September 2016 and is currently estimated at $2,556,959. 1231 Chino St is a home located in Santa Barbara County with nearby schools including Harding University Partnership, La Cumbre Junior High School, and San Marcos Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Santa Barbara Multiple Listing Service This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.

Nearby Homes