NOT LISTED FOR SALE

Estimated Value: $4,366,467

Studio
-- Bath
-- Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: October 21, 2021

Last sale price $3,750,000

Est. 16% increase in value since last sale

Current estimated payment $27,478 / mo

623 Days on Market

About This Home

As of October 2021

This amazing property represents one of the last unrealized development
opportunities in Santa Barbara this close to the ocean.
Located in the prized West Beach neighborhood, the ''Gateway to the City,''
just beyond the Moxi Museum and Hotel Californian, this 15,000 SF parcel
is perfectly situated for a boutique hotel, hostel or possible vacation rental.
Overlooking the creek and with ocean view potential, this property has
extremely attractive characteristics from a hospitality standpoint.
The building was previously used as a youth hostel for travelling tourists and
surfers and was temporarily shut down due to the Mission Creek restoration
project in 2013. At the time it was operating the hostel had 47 beds.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/22/2021

Radius Group Commercial R.E.

Co-Listed By

Brian Johnson

Radius Group Commercial R.E.

Last Buyer's Agent

Daniel Encell

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.34

Listing and Financial Details

  • Assessor Parcel Number 033-074-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.34 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 033-074-001
  • Zoning: Other

Multi Family

  • Number Of Units Total: 1

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
Apr 22, 2021
Closed on
Oct 12, 2021
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
List Price
$4,200,000
Sold Price
$3,750,000
Premium/Discount to List
-$450,000
-10.71%
Current Estimated Value
$4,366,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$616,467
Original Mortgage
$2,250,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
0.0457%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
0.0619%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
0.0624%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
0.0714%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 1993
Sold by
Bought by
Source: Public Records
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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
$3,750,000 Fidelity National Title Co
$2,525,000 First American Title Company
-- None Available
$2,250,000 United General Title Ins Co
-- None Available
-- Chicago Title Co
-- Chicago Title Co
-- --
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
Open $4,308,000
Closed $3,500,000
Closed $2,250,000
Previous Owner $1,900,000
Previous Owner $1,735,835
Previous Owner $66,000
Previous Owner $1,700,000
Previous Owner $703,936
Previous Owner $75,000
Previous Owner $685,000
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
10/21/2021 10/21/21 Sold $3,750,000 -10.7% --
05/04/2021 05/04/21 Pending -- -- --
08/20/2019 08/20/19 For Sale $4,200,000 -- --
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 $42,026 $4,059,120 $1,623,648 $2,435,472
2025 $41,307 $3,979,530 $1,591,812 $2,387,718
2023 $41,307 $3,825,000 $1,530,000 $2,295,000
2022 $39,863 $3,750,000 $1,500,000 $2,250,000
2021 $30,310 $2,859,576 $2,180,075 $679,501
2020 $29,998 $2,830,256 $2,157,722 $672,534
2019 $29,476 $2,774,762 $2,115,414 $659,348
2018 $29,326 $2,745,356 $2,073,936 $671,420
2017 $28,363 $2,692,017 $2,033,271 $658,746
2016 $27,628 $2,639,723 $1,993,403 $646,320
2015 $27,067 $2,575,449 $1,963,461 $611,988
2014 -- $2,525,000 $1,925,000 $600,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-2927

Santa Barbara Multiple Listing Service

APN: 033-074-001

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