NOT LISTED FOR SALE

Estimated Value: $2,497,000 - $3,515,107

Studio
-- Bath
3,011 Sq Ft
$1,033/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2024

Last sale price $3,360,000 $1,116 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $20,088 / mo

3 Days on Market

Highlights

  • Property is near an ocean
  • Wood Flooring
  • Laundry Room
  • Property is near park, public transit, shops, and bus stop
  • Patio
  • Forced Air Heating System

About This Home

As of June 2024

Four-unit asset in Santa Barbara's West Beach neighborhood! In an approx. 3,011 square foot building, 4 spacious 1BR/1BA units average 679 square feet each. One unit leased through 4/25 at market rent; three units vacant. All units have hardwood floors and vintage tile accents, while one unit boasts in-unit laundry. Common laundry/utility room and three one-car garages. Zoned R-4 / S-D-3 in the Coastal Zone on a 4,356 square-foot lot, this property presents a rare investment or owner-user opportunity. Three blocks from the Waterfront with access to beach, bike path, Stearns Wharf, the Harbor, Shoreline Park, State Street and the Funk Zone. Nearby SBCC, downtown businesses and local tourist attractions enhance rental potential.

Last Agent to Sell the Property

Cara Gamberdella

Village Properties - 1 License #01766267 Listed on: 05/29/2024

Last Buyer's Agent

Kelly Knight

Berkshire Hathaway HomeServices California Properties License #01463617

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 4,356 Sq Ft Lot
  • Back Yard Fenced
  • Property is in good condition

Parking

  • 3 Car Garage

Home Design

  • Raised Foundation

Interior Spaces

  • 3,011 Sq Ft Home
  • Window Treatments
  • Fire and Smoke Detector
  • Stove
  • Laundry Room

Flooring

  • Wood
  • Tile

Outdoor Features

  • Property is near an ocean
  • Patio

Location

  • Property is near park, public transit, shops, and bus stop

Schools

  • Mckinley Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Individual Gas Meter

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 033-072-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

4,356 Sq Ft Lot

Parking

3

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: Laundry Room, In Unit
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Flooring: Hardwood, Tile, Wnd/Cv Prt
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1950
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 3011.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 4356.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • Amenities Patio2: Yes
  • Foundation Raised2: Yes
  • FlrWdw Coverings WndCv Prt: Yes
  • Parking Info Total # Garage Spaces2: 3.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.1
  • Foundation Details: Raised

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Garages

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

  • Elementary School: McKinley
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 033-072-006
  • Zoning: R-4
  • Lot Size Sq Ft: 4356.0

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 4

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

Listed on
May 29, 2024
Closed on
Jun 6, 2024
Sold by
Bought by
Seller's Agent
Cara Gamberdella
Village Properties - 1
Buyer's Agent
Kelly Knight
Berkshire Hathaway HomeServices California Properties
List Price
$2,995,000
Sold Price
$3,360,000
Premium/Discount to List
$365,000
12.19%
Views
12
Current Estimated Value
$3,109,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$250,723
Avg. Annual Appreciation
-3.56%

Purchase Details

Closed on
Sep 28, 2023
Sold by
Bought by

Purchase Details

Closed on
May 17, 2023
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2021
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 1996
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$3,360,000 Chicago Title Company
-- None Listed On Document
-- None Listed On Document
$1,425,000 Fidelity National Title Co
-- --
-- --
-- --
-- --
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
06/12/2024 06/12/24 Sold $3,360,000 +12.2% $1,116 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $2,995,000 -- $995 / 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 $36,175 $3,495,744 $1,768,680 $1,727,064
2025 $31,384 $3,427,200 $1,734,000 $1,693,200
2023 $31,384 $2,907,000 $1,530,000 $1,377,000
2022 $18,735 $1,761,341 $888,491 $872,850
2021 $7,079 $665,302 $273,944 $391,358
2020 $7,006 $658,482 $271,136 $387,346
2019 $6,884 $645,571 $265,820 $379,751
2018 $6,786 $632,913 $260,608 $372,305
2017 $6,562 $620,504 $255,499 $365,005
2016 $6,463 $608,339 $250,490 $357,849
2014 $6,288 $587,465 $241,895 $345,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1741

Santa Barbara Multiple Listing Service

APN: 033-072-006

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