NOT LISTED FOR SALE

1416 Laguna St Santa Barbara, CA 93101

Oak Park Neighborhood

Estimated Value: $1,775,000 - $2,921,228

Studio
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold June 13, 2024

Last sale price $1,925,000

Est. 13% increase in value since last sale

Current estimated payment $12,040/month

72 Days on Market

Highlights

  • Property is near park, public transit, schools, shops, and bus stop
  • Santa Barbara Senior High School Rated A-
  • 5-minute walk to Alice Keck Park Memorial Gardens

About This Home

As of June 2024

Nestled at the base of Santa Barbara's Lower Riviera in the highly desired Upper Eastside Neighborhood is this Victorian Queen Ann-style fourplex situated on a 7,405 SF R-M zoned lot offering ADU potential. The property, designated a Structure of Merit by the City of Santa Barbara, consists of a large 2BD/2BA, a spacious second-floor 1BD/1BA, and two studios.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 03/18/2024

Last Buyer's Agent

Michael Woodard

Compass License #01128958

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1888

Lot Details

  • 7,405

Parking

  • Uncovered Parking

Home Design

  • Raised Foundation

Location

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

Schools

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

Additional Features

  • 2-Story Property
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, water, gas, electricity
  • Assessor Parcel Number 029-022-028

Community Details

Overview

  • 4 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Gross Income $105,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1888

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1888
  • Income Expenses Annual Income: 105540.0
  • Gross Rent Multiplier: 18.9
  • Monthly Income: 8795.0
  • Building Stories: 2
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Property Information Year Built2: 1888
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Foundation Raised2: Yes
  • Income Expenses Actual: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.17
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Uncovered

Schools

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

Lot Info

  • Parcel #: 029-022-028
  • Zoning: Other
  • Lot Size Sq Ft: 7405.0

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 105540.0
  • Total Actual Rent: 8795.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
May 31, 2024
Sold by
Leone Family Trust and Leone Thomas H
Bought by
Vanhorn Gabrielle
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Michael Woodard
Compass
List Price
$1,995,000
Sold Price
$1,925,000
Premium/Discount to List
-$70,000
-3.51%
Views
12
Current Estimated Value
$2,166,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,807
Avg. Annual Appreciation
6.83%
Original Mortgage
$1,443,750
Outstanding Balance
$1,424,781
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$742,026

Purchase Details

Closed on
Apr 19, 2007
Sold by
Leone Thomas and Leone Valorie
Bought by
Leone Thomas and Leone Valorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2003
Sold by
Leone Thomas and Leone Valorie
Bought by
Leone Thomas and Leone Valorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.82%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 21, 2003
Sold by
Leone Thomas H and Leone Valorie Jean
Bought by
Leone Thomas and Leone Valorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.82%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 30, 2001
Sold by
Ginnie Valorie Jean
Bought by
Leone Thomas H and Leone Valorie Jean

Purchase Details

Closed on
May 10, 1995
Sold by
Ginnie Valorie J
Bought by
Ginnie Valorie Jean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Vanhorn Gabrielle $1,925,000 Fidelity National Title Compan
Leone Thomas -- Transnation Title
Leone Thomas -- Transnation Title
Leone Thomas -- Chicago Title
Leone Thomas -- Chicago Title
Leone Thomas H -- --
Ginnie Valorie Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanhorn Gabrielle $1,443,750
Previous Owner Leone Thomas $414,000
Previous Owner Leone Thomas $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2024 06/13/24 Sold $1,925,000 -3.5% --
05/30/2024 05/30/24 Pending -- -- --
03/27/2024 03/27/24 Off Market $1,995,000 -- --
03/18/2024 03/18/24 For Sale $1,995,000 -- --
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 $5,545 $1,963,500 $1,020,000 $943,500
2023 $5,545 $509,878 $254,939 $254,939
2022 $5,350 $499,882 $249,941 $249,941
2021 $5,226 $490,082 $245,041 $245,041
2020 $5,172 $485,058 $242,529 $242,529
2019 $5,082 $475,548 $237,774 $237,774
2018 $5,009 $466,224 $233,112 $233,112
2017 $4,844 $457,084 $228,542 $228,542
2016 $4,795 $448,122 $224,061 $224,061
2014 $4,666 $432,746 $216,373 $216,373
Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2024

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    15 in this area

    82 Total Sales

    Christos Celmayster
    Section Image
  • Michael Woodard

    Buyer's Agent in 2024

    Michael Woodard

    Compass

    (805) 564-5078

    1 in this area

    20 Total Sales

    Michael Woodard
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-836

Santa Barbara Multiple Listing Service

APN: 029-022-028

California Santa Barbara County Santa Barbara 93101 Oak Park

1416 Laguna St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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