NOT LISTED FOR SALE
Studio
-- Bath
4,984 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: December 16, 2020

Last sale price $2,580,000 $518 Per Sq Ft

104 Days on Market

About This Home

As of December 2020

Great opportunity to own a 5 -unit complex in the desirable Oak Park Neighborhood. Located just a few blocks from downtown Santa Barbara's restaurants, theaters, and public transit making it highly desirable for potential tenants. The unit mix consists of (2) 2BD/2BA and (3) 1BD/1BA units, with on-site common laundry and 6 carport parking spaces plus an additional parking ( not covered). new dual pane windows and new landscaping. All units are separately metered for gas and electricity. With its excellent location, easy freeway access, laundry facilities, and carport parking, this small complex offers a great investment to add to an existing portfolio or the perfect opportunity for a first time investor.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 05/28/2020

Radius Group Commercial R.E.

Co-Listed By

Brian Johnson

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 05/28/2020

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,534

Parking

  • 6 Parking Spaces

Additional Features

  • Property is in excellent condition
  • Individual Gas Meter

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 027-221-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 6.0
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Condition Excellent: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 6.0

Schools

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

Lot Info

  • Parcel #: 027-221-023
  • Zoning: Other

Multi Family

  • Number Of Units Total: 5

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
May 28, 2020
Closed on
Nov 18, 2020
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
$2,695,000
Sold Price
$2,580,000
Premium/Discount to List
-$115,000
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,548,000
Outstanding Balance
$1,346,081
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 13, 2015
Closed on
Sep 22, 2015
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
$1,850,000
Sold Price
$1,725,000
Premium/Discount to List
-$125,000
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$1,125,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2003
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
$471,000
Interest Rate
5.83%
Mortgage Type
Commercial
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
$2,580,000 Wfg National Title Ins Co
$1,725,000 Fidelity National Title Co
-- 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 $1,548,000
Previous Owner $1,660,000
Previous Owner $750,000
Previous Owner $1,191,000
Previous Owner $1,125,000
Previous Owner $471,000
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
12/16/2020 12/16/20 Sold $2,580,000 -4.3% $518 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $2,695,000 +56.2% $541 / Sq Ft
10/06/2015 10/06/15 Sold $1,725,000 -6.8% $346 / Sq Ft View Prior Sale
07/16/2015 07/16/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $1,850,000 -- $371 / 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 $31,066 $2,999,486 $1,104,080 $1,895,406
2025 $29,001 $2,940,674 $1,082,432 $1,858,242
2023 $29,001 $2,684,232 $1,040,400 $1,643,832
2022 $27,987 $2,631,600 $1,020,000 $1,611,600
2021 $27,345 $2,580,000 $1,000,000 $1,580,000
2020 $19,805 $1,867,194 $1,082,432 $784,762
2019 $19,460 $1,830,583 $1,061,208 $769,375
2018 $19,185 $1,794,690 $1,040,400 $754,290
2017 $18,552 $1,759,500 $1,020,000 $739,500
2016 $18,100 $1,725,000 $1,000,000 $725,000
2015 $2,114 $188,575 $73,606 $114,969
2014 $2,082 $184,912 $72,165 $112,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1923

Santa Barbara Multiple Listing Service
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