NOT LISTED FOR SALE

1317 Punta Gorda St Santa Barbara, CA 93103

Eastside Neighborhood

Estimated Value: $4,552,316

3 Beds
1 Bath
1,395 Sq Ft
$3,263/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $3,850,000 $2,760 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $29,356/month

107 Days on Market

About This Home

As of December 2022

The Subject Property located at 1317 Punta Gorda St. is an excellent and rare ''Shovel-Ready''development opportunity located in an up-and-coming neighborhood within Santa Barbara. All entitlements and soft costs have been completed and paid for by current ownership and will be delivered at COE. The parcel of land, a ±.55 acre lot, is situated within the average unit density program (AUD), medium-high density overlay, granting a development potential of 15 –
27 units per acre. Recently, the City of Santa Barbara has discussed that it wants to discontinue the AUD program within the neighboring area, making this approved project potentially insulated from competing developments. Newly constructed buildings are not subject to AB1482 rent restrictions. Time to completion of the project is expected to be 18 months.

The project, designed by local architect Tom Ochsner, consists of (7) 2-story, 2-unit buildings, totaling 14 units. The units are 2-story townhomes with 2.5 baths. Freestanding buildings like this can be more attractive to tenants and command above average rents.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/18/2021

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/18/2021

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.55

Schools

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • 2-Story Property
  • 0.55 Acre Lot

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 017-300-017

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Building Stories: 2
  • Property Information Apx # Acres: 0.55
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Apx Lot SqFt: 23958.0
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.55

Garage/Parking

  • Parking Features: Mixed

Schools

  • Elementary School: Cleveland
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 017-300-017
  • Zoning: R-3
  • Lot Size Sq Ft: 23958.0

Multi Family

  • Number Of Units Total: 14

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
12/06/2022 12/06/22 Sold $3,850,000 0.0% $2,760 / Sq Ft
12/06/2022 12/06/22 Sold $3,850,000 -- $2,760 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
02/02/2022 02/02/22 Pending -- -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2022

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    7 in this area

    93 Total Sales

    Steve Golis
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3857

Santa Barbara Multiple Listing Service

APN: 017-300-017

California Santa Barbara County Santa Barbara 93103 Eastside

1317 Punta Gorda St, Santa Barbara, CA

This home is located at 1317 Punta Gorda St, Santa Barbara, CA 93103 since 18 October 2021 and is currently estimated at $4,552,316, approximately $3,263 per square foot. 1317 Punta Gorda St is a home located in Santa Barbara County with nearby schools including Cleveland Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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