NOT LISTED FOR SALE

15 W Islay St Santa Barbara, CA 93101

Oak Park Neighborhood
-- Bed
-- Bath
3,453 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: October 31, 2025

Last sale price $2,210,000 $640 Per Sq Ft

10 Days on Market

Highlights

  • Property is near an ocean
  • Santa Barbara Senior High School Rated A-
  • Property is near park, public transit, schools, shops, and bus stop

About This Home

As of October 2025

Opportunity to Own a Prime SB Multi-Family Asset w/ Major Upgrades & Future Value-Add Potential. 15 W. Islay St. features a 1920s duplex w/ (2) 1BD/1BA units & a 1963 triplex w/ (1) 2BD/1BA + (2) 1BD/1BA units, w/ upstairs tenants enjoying a shared balcony. Ideally located between Downtown & Upper State, residents benefit from easy freeway access & nearby shopping, dining & entertainment. Substantial recent upgrades provide a well-maintained asset in a strong rental market. Added value exists through rental upside & the City's ADU program. Current ownership has submitted plans to convert the carport into a Jr. ADU, plus potential for 2 detached ADUs at the rear.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 09/02/2025

Radius Group Commercial R.E.

Last Buyer's Agent

Brody Loring

Alpha Investment Management License #01733517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,405

Home Design

  • 3,453 Sq Ft Home

Parking

  • Carport
  • Uncovered Parking

Location

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

Schools

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

Additional Features

  • Property is near an ocean
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 027-101-006

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $141,180
  • Net Operating Income $77,345

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 141180.0
  • Monthly Income: 11765.0
  • ResoLotFeatures: Near Public Transit
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 3453.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • IncomeExpenses NOI2: 77345
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.17

Garage/Parking

  • Parking Features: Carport, Uncovered

Schools

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

Lot Info

  • Parcel #: 027-101-006
  • Zoning: Other
  • Lot Size Sq Ft: 7405.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 141180.0
  • Total Actual Rent: 11765.0

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
Sep 2, 2025
Closed on
Oct 27, 2025
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Brody Loring
Alpha Investment Management
List Price
$2,295,000
Sold Price
$2,210,000
Premium/Discount to List
-$85,000
-3.7%
Views
9

Purchase Details

Closed on
Apr 30, 2025
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
$700,000
Interest Rate
6.86%
Mortgage Type
Construction
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
$2,210,000 Chicago Title Company
$1,850,000 Fidelity National Title Compan
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
Previous Owner $700,000
Previous Owner $462,500
Previous Owner $1,387,500
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
10/31/2025 10/31/25 Sold $2,210,000 -3.7% $640 / Sq Ft
09/12/2025 09/12/25 Pending -- -- --
09/02/2025 09/02/25 For Sale $2,295,000 -- $665 / 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 $1,840 $2,210,000 $750,000 $1,460,000
2025 $1,840 $167,919 $67,393 $100,526
2023 $1,808 $161,469 $64,777 $96,692
2022 $1,743 $158,338 $63,507 $94,831
2021 $1,701 $155,268 $62,262 $93,006
2020 $1,683 $153,695 $61,624 $92,071
2019 $1,654 $150,716 $60,416 $90,300
2018 $1,630 $147,796 $59,232 $88,564
2017 $1,577 $144,933 $58,071 $86,862
2016 $1,624 $142,127 $56,933 $85,194
2014 $1,583 $137,311 $54,980 $82,331
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2025

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    20 in this area

    94 Total Sales

    Steve Golis
    Section Image
  • Brody Loring

    Buyer's Agent in 2025

    Brody Loring

    Alpha Investment Management

    (805) 729-7070

    2 in this area

    12 Total Sales

    Brody Loring
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-3289

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Oak Park

15 W Islay St, Santa Barbara, CA

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