Seller's Agent in 2018
Ken Switzer
Berkshire Hathaway HomeServices California Properties
(805) 680-4622
12 in this area
102 Total Sales
1315 Bath St Santa Barbara, CA 93101
Downtown Santa Barbara Neighborhood
--
Bed
--
Bath
9,050
Sq Ft
1966
Built
Highlights
- Property is near park, public transit, shops, and bus stop
- Wood Flooring
- Laundry Room
- Santa Barbara Senior High School Rated A-
- Cooling Available
- 2 Car Garage
About This Home
As of November 2018Now for sale for the 1st time in over 40 years, the 12 units at 1315 Bath are one of the very best located apartment buildings of this size you will find in Santa Barbara. Just 2 blocks to the Arts & Theater District, the close-in downtown location provides an investor extraordinary tenant demand due to many tenant-rich employment centers nearby (restaurants, theaters, law offices, government offices), and the attractive vibrant lifestyle at a tenant's doorstep. The building has been professionally maintained by the same family for decades - ready to continue as a safe diversification for a portfolio, or take advantage of the A+ location to transform the property a little or a lot, and realize more upside return (see Documents). With a fantastic unit mix too, this is a rare opportunity!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 10/09/2018
Last Buyer's Agent
Kelly Knight
Village Properties
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Parking
- 2 Car Garage
- 10 Open Parking Spaces
- 7 Carport Spaces
Home Design
- 9,050 Sq Ft Home
Flooring
- Wood
- Carpet
- Vinyl Plank
- Vinyl
Schools
- Peabody Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Cooling Available
- Heating Available
Additional Features
- Laundry Room
- Property is in excellent condition
- Property is near park, public transit, shops, and bus stop
Listing and Financial Details
- The owner pays for trash collection, water
- Assessor Parcel Number 039-112-011
Community Details
Overview
- 12 Units
- 15 Or 20 Downtown Subdivision
Building Details
- Electric Expense $1,450
- Insurance Expense $10,200
- Maintenance Expense $16,500
- Water Sewer Expense $12,750
- New Taxes Expense $5,250
- Operating Expense $107,900
- Gross Income $290,490
- Net Operating Income $183,040
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2018 11/06/18 | Sold | $4,650,000 | -6.1% | $514 / Sq Ft |
| 10/13/2018 10/13/18 | Pending | -- | -- | -- |
| 10/09/2018 10/09/18 | For Sale | $4,950,000 | -- | $547 / Sq Ft |
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 | $53,822 | $5,187,160 | $2,231,036 | $2,956,124 |
| 2023 | $53,822 | $4,985,738 | $2,144,403 | $2,841,335 |
| 2022 | $51,941 | $4,887,979 | $2,102,356 | $2,785,623 |
| 2021 | $50,752 | $4,792,137 | $2,061,134 | $2,731,003 |
| 2020 | $50,230 | $4,743,000 | $2,040,000 | $2,703,000 |
| 2019 | $49,356 | $4,650,000 | $2,000,000 | $2,650,000 |
| 2018 | $7,594 | $706,328 | $203,035 | $503,293 |
| 2017 | $7,344 | $692,561 | $199,054 | $493,507 |
| 2016 | $7,222 | $679,064 | $195,151 | $483,913 |
| 2014 | $7,029 | $655,908 | $188,455 | $467,453 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Switzer
-
K
Buyer's Agent in 2018
Kelly Knight
Village Properties
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 18-3671
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