B
Seller's Agent in 2015
Brian Johnson
Marcus and Millichap
171 Nectarine Ave Goleta, CA 93117
Studio
--
Bath
--
Sq Ft
25,700
Sq Ft
About This Home
As of September 2015Actual CAP Rate of 4.83% and 6.12% Proforma. This property has been under the same ownership for over 40 years.The property is well positioned, just off of Hollister Avenue, the main thoroughfare in Goleta. The property sits between Kellogg and Fairview Avenue.
The property is a single story complex that features cottage style units, laundry room, on site parking and good storage. Convenient to Highway 101, shopping, dining and many other businesses this property has always enjoyed long term tenants. Residents enjoy easy access to the public transportation as there are numerous MTD stops along Hollister Avenue.
This is an ideal situation for an investor who is seeking a property with upside potential in the rents and the opportunity to own a property that has historically featured very low turnover and strong demand. The property is a Trust sale and is to be sold "As Is".
Last Agent to Sell the Property
Radius Group Commercial RE License #01361925 Listed on: 08/06/2015
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 0.59 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 071053010
Community Details
Overview
- 26 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/03/2015 09/03/15 | Sold | $2,500,000 | +2.0% | -- | View Prior Sale |
| 09/03/2015 09/03/15 | Sold | $2,450,000 | 0.0% | -- | View Prior Sale |
| 09/03/2015 09/03/15 | Sold | $2,450,000 | -9.1% | -- | |
| 08/06/2015 08/06/15 | Pending | -- | -- | -- | |
| 08/06/2015 08/06/15 | Pending | -- | -- | -- | |
| 08/05/2015 08/05/15 | Pending | -- | -- | -- | |
| 03/05/2015 03/05/15 | For Sale | $2,695,000 | 0.0% | -- | |
| 03/05/2015 03/05/15 | For Sale | $2,695,000 | -- | -- |
Source: Ventura County Regional Data Share
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 | $42,018 | $2,959,487 | $1,183,794 | $1,775,693 |
| 2023 | $42,018 | $2,844,569 | $1,137,827 | $1,706,742 |
| 2022 | $40,986 | $2,788,794 | $1,115,517 | $1,673,277 |
| 2021 | $40,482 | $2,734,113 | $1,093,645 | $1,640,468 |
| 2020 | $39,688 | $2,706,080 | $1,082,432 | $1,623,648 |
| 2019 | $39,153 | $2,653,020 | $1,061,208 | $1,591,812 |
| 2018 | $38,238 | $2,601,000 | $1,040,400 | $1,560,600 |
| 2017 | $37,486 | $2,550,000 | $1,020,000 | $1,530,000 |
| 2016 | $16,923 | $720,656 | $617,718 | $102,938 |
| 2015 | $16,836 | $709,832 | $608,440 | $101,392 |
| 2014 | $17,253 | $695,928 | $596,522 | $99,406 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jon Standring
Seller Co-Listing Agent in 2015
Jon Standring
Beachside Partners
(805) 705-7311
56 Total Sales
-
Don Ford
Buyer's Agent in 2015
Don Ford
Sun Coast Real Estate
(805) 689-7776
3 Total Sales
-
N
Buyer's Agent in 2015
Non Member
Non Member Office
Map
Source: Ventura County Regional Data Share
MLS Number: V0-215003276
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