$2,900,000
SOLD JUL 10, 2025
-- Bed
-- Bath
6,090 Sq Ft
9,534 Sq Ft Lot

Recently Sold

$476 Per Sq Ft

6% Below List Price

11 Days on Market

Highlights

  • Deck
  • Property is near a park
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • Patio

About This Home

As of July 2025

Located in Downtown Santa Barbara is Crystal Apartments--a 6-unit apartment building consisting of all 2BD/1BA units, averaging approximately 1,000 square feet. The size of these units sets them apart from most 2BD rentals on the market. The property provides six carport parking stalls, patios, decks. spacious walk-in locking storage, and common laundry room. This excellent located property offers proximity to shopping, restaurants, services and amenities in both downtown Santa Barbara and Upper State Street, while the nearby self-rental bike station and bus stop provide further convenience for tenants. Do not disturb tenants and do not enter property without Listing Agent present.
See ''more'' The current rents are approximately 15% below market allowing a new owner reasonable access tp market rent through a couple cycles of Rent Increase per AB 1482. Please call listing agent for more information and a link to property documents including: General Building Inspection, SB721 Inspection Inspection, Pest Inspection, Roof Inspection, property photos and financials.

Last Agent to Sell the Property

Caitlin Hensel

Hayes Commercial Group License #01893341 Listed on: 05/05/2025

Co-Listed By

Christos Celmayster

Hayes Commercial Group License #01342996

Last Buyer's Agent

Mike Lopus

Colliers International Greater Los Angeles, Inc. License #01970736

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Home Design

  • 6,090 Sq Ft Home

Parking

  • 6 Parking Spaces
  • Carport

Outdoor Features

  • Deck
  • Patio

Location

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

Schools

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

Additional Features

  • Laundry Room
  • 9,534 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 027-092-022
  • Seller Concessions Offered
  • Seller Will Consider Concessions

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $76,827
  • Gross Income $231,931
  • Net Operating Income $155,103

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1974
  • Income Expenses Annual Income: 231931.0
  • Capitalization Rate: 5%
  • Gross Rent Multiplier: 13.1
  • Annual Expenses: 76827.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 6.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • Carport Y N: Yes
  • Property Information Year Built2: 1974
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 6090.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 9534.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Amenities Deck2: Yes
  • Amenities Patio2: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 155103
  • Status Information Seller Concessions3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.22

Garage/Parking

  • Parking Features: Cpt #6
  • Total Parking Spaces: 6.0
  • Parking Info Cpt #63: Yes

Schools

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

Lot Info

  • Parcel #: 027-092-022
  • Zoning: R-3
  • Lot Size Sq Ft: 9534.0

Rental Info

  • Owner Pays: Other, Trash Collection, Water

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 231931.0
  • Annual Operating Expense: 76827.0

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $2,900,000 -6.5% $476 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $3,100,000 +106.7% $509 / Sq Ft
11/15/2012 11/15/12 Sold $1,500,000 -17.8% --
11/15/2012 11/15/12 Pending -- -- --
11/15/2012 11/15/12 For Sale $1,825,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-1780

Santa Barbara Multiple Listing Service