NOT LISTED FOR SALE
3 Beds
6 Baths
2,529 Sq Ft
7,405 Sq Ft Lot

Last Sold December 10, 2019

Last sale price $1,781,000 $704 Per Sq Ft

114 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • Property is near park, public transit, schools, shops, and bus stop
  • 6 Car Garage

About This Home

As of December 2019

Great opportunity to acquire downtown boutique building! Charming 6 unit building in the heart of all that Santa Barbara has to offer. Unit mix (3) 1 bd/1ba, (3) Studios. All units have been updated to include LED recessed lighting, copper plumbing, new flooring, stainless sinks, Price Pfister faucets/fixtures, new wood blinds/doors, energy saving appliances, common laundry area with assigned off street parking for tenants.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/30/2019

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/30/2019

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,296

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces

Outdoor Features

  • Property is near an ocean
  • Deck

Location

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

Additional Features

  • Laundry Room
  • 7,296 Sq Ft Lot
  • Individual Gas Meter

Community Details

  • 6 Units
  • Net Operating Income $77,931

Listing and Financial Details

  • Assessor Parcel Number 039-052-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,296 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1923
  • Capitalization Rate: 4
  • Gross Rent Multiplier: 16.11
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 6.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Garage Yn: Yes
  • Property Information Year Built2: 1923
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 6.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7296.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • IncomeExpenses NOI2: 77931
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.17

Garage/Parking

  • Open Parking Spaces: 6.0
  • Parking Features: Garages, Uncovered
  • Total Parking Spaces: 6.0

Schools

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

Lot Info

  • Parcel #: 039-052-016
  • Zoning: R-4
  • Lot Size Sq Ft: 7296.0

Multi Family

  • Number Of Units Total: 6
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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 List to Sale Price per Sq Ft Prior Sale
12/10/2019 12/10/19 Sold $1,781,000 -8.7% $704 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $1,950,000 +32.2% $771 / Sq Ft
05/26/2016 05/26/16 Sold $1,475,000 +1.7% $583 / Sq Ft View Prior Sale
02/25/2016 02/25/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $1,450,000 -- $573 / 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 $20,248 $1,947,779 $1,148,326 $799,453
2023 $20,248 $1,872,146 $1,103,736 $768,410
2022 $19,539 $1,835,439 $1,082,095 $753,344
2021 $19,090 $1,799,451 $1,060,878 $738,573
2020 $18,893 $1,781,000 $1,050,000 $731,000
2019 $16,648 $1,565,281 $981,617 $583,664
2018 $16,412 $1,534,590 $962,370 $572,220
2017 $15,871 $1,504,500 $943,500 $561,000
2016 $1,646 $144,251 $43,469 $100,782
2015 $1,628 $142,086 $42,817 $99,269
2014 $1,603 $139,304 $41,979 $97,325
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-991

Santa Barbara Multiple Listing Service
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