NOT LISTED FOR SALE
3 Beds
6 Baths
2,529 Sq Ft
7,296 Sq Ft Lot

Sale Details

Date 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

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 30, 2019
Closed on
Dec 5, 2019
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$1,950,000
Sold Price
$1,781,000
Premium/Discount to List
-$169,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$986,415
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 30, 2019
Closed on
Nov 22, 2019
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$1,950,000
Sold Price
$1,781,000
Premium/Discount to List
-$169,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$986,415
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2016
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
$915,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2012
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
-- Wfg National Title Ins Co
$1,781,000 Wfg National Title Ins Co
$1,475,000 Fidelity Si
-- None Available
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 $1,140,000
Previous Owner $750,000
Previous Owner $1,200,000
Previous Owner $915,000
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 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

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 $20,600 $1,986,734 $1,171,292 $815,442
2025 $20,600 $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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