Susan Pate
Compass
(805) 617-1044
10 Total Sales
1 in Downtown Santa Barbara
$2,050,000 Price
1315 Bath St Santa Barbara, CA 93101
Downtown Santa Barbara Neighborhood
--
Beds
--
Baths
9,050
Sq Ft
1966
Built
Highlights
- Property is near park, public transit, shops, and bus stop
- Wood Flooring
- 2 Car Garage
- Santa Barbara Senior High School Rated A-
- Laundry Room
- Property is in excellent condition
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
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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
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
Dec 21, 2020
Sold by
Youngson John C and Youngson Susan E
Bought by
Purchase Details
Listed on
Oct 9, 2018
Closed on
Oct 30, 2018
Sold by
Treadwell & Co Inc
Bought by
Youngson John C and Youngson Susan
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kelly Knight
Village Properties
List Price
$4,950,000
Sold Price
$4,650,000
Premium/Discount to List
-$300,000
-6.06%
Purchase Details
Closed on
Feb 27, 2013
Sold by
Treadwell & Co Inc
Bought by
Treadwell & Company Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.34%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Santa Barbara, CA
-
Susan Pate
-
Colleen Beall
Colleen Beall
Compass
(805) 243-1083
31 Total Sales
1 in Downtown Santa Barbara
$1,860,000 Price
-
Mary Whitney
MW
Mary Whitney
Responds QuicklyBerkshire Hathaway HomeServices California Properties
(888) 617-2371
9 Total Sales
1 in Downtown Santa Barbara
$1,860,000 Price
-
Gary Goldberg
Gary Goldberg
Responds QuicklyCoastal Properties
(805) 617-1575
92 Total Sales
3 in Downtown Santa Barbara
$1,091,000 Price Range
-
Kendrick Guehr
Kendrick Guehr
Berkshire Hathaway HomeServices California Properties
(805) 618-1469
98 Total Sales
6 in Downtown Santa Barbara
$995K - $2M Price Range
-
Nicklas Svensson
Nicklas Svensson
Compass
(805) 401-0343
10 Total Sales
2 in Downtown Santa Barbara
$1.2M - $2.1M Price Range
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 |
|---|---|---|---|
| -- | None Available | ||
| Youngson John C | $4,650,000 | First American Title Co | |
| Treadwell & Company Inc | -- | Fidelity Title |
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 |
|---|---|---|---|
| Previous Owner | $1,300,000 |
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 |
|---|---|---|---|---|
| 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
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 | $54,758 | $5,290,902 | $2,275,656 | $3,015,246 |
| 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
Seller's Agent in 2018
Ken Switzer
Berkshire Hathaway HomeServices California Properties
(805) 680-4622
13 in this area
101 Total Sales
-
KK
Buyer's Agent in 2018
Kelly Knight
Village Properties
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 18-3671
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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.
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