NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
9,148 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $3,325,000

8 Days on Market

Highlights

  • Cooling Available
  • Laundry Facilities
  • Heating Available
  • Santa Barbara Senior High School Rated A-

About This Home

As of August 2022

Great start to building your investment portfolio or to increase it. Convenient location to downtown and always easy to rent. Plenty of off-street parking and laundry on-site. Can also be bought together with 234 W. Valerio a 5 unit building priced at 2,250,000.

Last Agent to Sell the Property

Donna Bayet

Home Realty & Investments License #00865203 Listed on: 05/24/2022

Last Buyer's Agent

Donna Bayet

Home Realty & Investments License #00865203 Listed on: 05/24/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 9,000 Sq Ft Lot
  • Property is in good condition

Home Design

  • Slab Foundation

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 027-091-018

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • 7 Units
  • Laundry Facilities
  • Gross Income $184,728

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

9,000 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1970
  • Income Expenses Annual Income: 184728.0
  • Capitalization Rate: 3.56
  • Gross Rent Multiplier: 17
  • Monthly Income: 15394.0
  • Meters Sep Meter Elec: Y
  • Miscellaneous Parking Spaces: 9.0
  • ResoLaundryFeatures: Bldg
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1970
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 9.0
  • Foundation:Slab: Yes
  • Property Information Apx Lot SqFt: 9000.0
  • Condition Good2: Yes
  • Pets No8: Yes
  • HeatingCooling Elec: Yes
  • Laundry Bldg: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.21
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 9.0

Utilities

  • Heating: Radia, Elec
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 027-091-018
  • Zoning: R-4
  • Lot Size Sq Ft: 9000.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 184728.0
  • Total Actual Rent: 15394.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $3,325,000 0.0% --
08/31/2022 08/31/22 Off Market $3,325,000 -- --
06/02/2022 06/02/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $3,200,000 -- --
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 $35,908 $3,459,330 $962,370 $2,496,960
2023 $35,908 $3,325,000 $925,000 $2,400,000
2022 $3,445 $318,705 $88,922 $229,783
2021 $3,364 $312,505 $87,179 $225,326
2020 $3,329 $309,327 $86,286 $223,041
2019 $3,271 $303,311 $84,595 $218,716
2018 $3,225 $297,413 $82,937 $214,476
2017 $3,119 $291,630 $81,311 $210,319
2016 $3,121 $285,961 $79,717 $206,244
2014 $3,039 $276,233 $76,982 $199,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-1677

Santa Barbara Multiple Listing Service
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