NOT LISTED FOR SALE

Estimated Value: $1,868,000 - $2,573,521

Studio
-- Bath
2,352 Sq Ft
$908/Sq Ft Est. Value

Sale Details

Date Sold: February 5, 2021

Last sale price $1,685,000 $716 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $13,267 / mo

88 Days on Market

Highlights

  • Property is near park, public transit, shops, and bus stop
  • Wood Flooring
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • 1 Car Attached Garage

About This Home

As of February 2021

1731 Chapala Street offers location, ideal unit mix, value-add opportunity, and off-street parking. Four- Unit buildings in this part of downtown do not become available very often and with the largest unit being delivered vacant, the opportunity to transform this property is immediate. This 6,250 SF +/- R-4 lot is situated in the heart of downtown, close to State Street, Funk Zone, and all the nearby amenities tenants are looking for. All units have hardwood floors, good layouts, and are approx. 580 SF. The largest unit in the rear of the building is approx. 650 SF and is currently vacant. The roof is newer and there is a large storage area next to the one car garage that includes a laundry room and storage lockers for tenants.

Last Agent to Sell the Property

Jon Standring

Beachside Partners License #01893163 Listed on: 10/16/2020

Last Buyer's Agent

Jon Standring

Beachside Partners License #01893163 Listed on: 10/16/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,250 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • 3 Carport Spaces

Home Design

  • Pillar, Post or Pier Foundation

Flooring

  • Wood
  • Vinyl

Laundry

  • Laundry Room

Location

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

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 206-094-120

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

6,250 Sq Ft Lot

Parking

1

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1952
  • Monthly Income: 4500.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Vinyl, Hardwood
  • New Construction: No
  • Reso Property Condition: Good, Average
  • Property Information Year Built2: 1952
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 3.0
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6250.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • Parking Info Attached6: Yes
  • Condition Average2: Yes
  • Foundation Pier Post: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Parking Info Total # Garage Spaces2: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14
  • Foundation Details: Mixed, Pier & Post

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Carport, Attached
  • Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Parcel #: 206-094-120
  • Zoning: R-4
  • Lot Size Sq Ft: 6250.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 4500.0

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

Closed on
Mar 25, 2022
Sold by
Bought by
Current Estimated Value
$2,136,380

Purchase Details

Listed on
Oct 16, 2020
Closed on
Feb 3, 2021
Sold by
Bought by
Seller's Agent
Jon Standring
Beachside Partners
Buyer's Agent
Jon Standring
Beachside Partners
List Price
$1,795,000
Sold Price
$1,685,000
Premium/Discount to List
-$110,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%

Purchase Details

Closed on
Nov 16, 2009
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
$411,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2001
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
$393,750
Interest Rate
7.12%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 15, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 2, 1987
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
-- Miller & Berryhill Llp
$1,685,000 First American Title Company
-- First American Title Ins
-- American Title Co
-- American Title Co
-- --
-- Santa Barbara Title Company
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 $411,000
Previous Owner $315,000
Previous Owner $393,750
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
02/05/2021 02/05/21 Sold $1,685,000 -6.1% $716 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
10/16/2020 10/16/20 For Sale $1,795,000 -- $763 / 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 $19,507 $1,890,973 $993,671 $897,302
2025 $19,210 $1,845,896 $974,188 $871,708
2023 $19,210 $1,753,074 $936,360 $816,714
2022 $18,283 $1,718,700 $918,000 $800,700
2021 $5,765 $541,088 $225,449 $315,639
2020 $5,706 $535,541 $223,138 $312,403
2019 $5,606 $525,041 $218,763 $306,278
2018 $5,527 $514,747 $214,474 $300,273
2017 $5,344 $504,655 $210,269 $294,386
2016 $5,280 $494,761 $206,147 $288,614
2014 $5,138 $477,785 $199,074 $278,711
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-4081

Santa Barbara Multiple Listing Service

APN: 027-092-009

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