NOT LISTED FOR SALE

1904 San Pascual St Santa Barbara, CA 93101

Westside Neighborhood

Estimated Value: $1,390,000 - $2,491,000

-- Bed
-- Bath
3,191 Sq Ft
$556/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $1,195,000 $374 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,506/month

185 Days on Market

About This Home

As of April 2021

Lowest priced fourplex in Santa Barbara located in the up-and-coming
Westside neighborhood close to downtown, Cottage Hospital, Santa
Barbara City College, the Mesa, and just minutes from restaurants,
shopping, parks, and beaches. This large fourplex totals 3,191 square
feet and consists of two large 1BD/1BA + bonus room units located on
the ground floor, one 1BD/1BA + bonus room with balcony unit on the
second floor, and one 1BD/1BA unit with balcony unit on the second
floor. Great opportunity for an investor to secure a rental property in
Santa Barbara with huge upside in rents as units turnover.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 10/12/2020

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 10/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,450

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in average condition

Home Design

  • Raised Foundation

Interior Spaces

  • 3,191 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Uncovered Parking

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

  • Adams Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Utilities

  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 043-132-015

Community Details

Overview

  • 4 Units
  • 20 Westside Subdivision

Building Details

  • Operating Expense $32,620
  • Gross Income $81,528
  • Net Operating Income $47,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,450

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1900
  • Income Expenses Annual Income: 81528.0
  • Annual Expenses: 32620.0
  • Monthly Income: 81240.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: None
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Westside
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1900
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Parking Info Uncovered: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 3191.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6098.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Condition Fair2: Yes
  • Foundation Raised2: Yes
  • IncomeExpenses NOI2: 47278
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.14
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 4.0

Schools

  • Elementary School: Adams
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 043-132-015
  • Zoning: R-2
  • Lot Size Sq Ft: 6098.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 81528.0
  • Annual Operating Expense: 32620.0
  • Total Actual Rent: 81240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Mar 29, 2021
Sold by
Redmond Justin Jerome and Quinn Jacquelyn A
Bought by
Miller John and Miller Lydia Sara
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$1,400,000
Sold Price
$1,195,000
Premium/Discount to List
-$205,000
-14.64%
Current Estimated Value
$1,775,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,391
Avg. Annual Appreciation
9.13%
Original Mortgage
$896,250
Outstanding Balance
$809,205
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$966,186

Purchase Details

Closed on
Jul 18, 2019
Sold by
Redmond Justin Jerome and Quinn Jacquelyn A
Bought by
Redmond Justin Jerome and Quinn Jacquelyn A

Purchase Details

Closed on
May 24, 2016
Sold by
Jeschke Winand and Jeschke Erika
Bought by
Winand Jeschke & Erika Jeschke Family Tr and Jeschke Erika

Purchase Details

Closed on
Sep 17, 2013
Sold by
Jeschke Winand and Jeschke Erika
Bought by
Jeschke Winand and Jeschke Erika

Purchase Details

Closed on
Aug 6, 2003
Sold by
Jeschke Winand
Bought by
Jeschke Winand and Jeschke Erika
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Miller John $1,195,000 Fidelity National Title Co
Redmond Justin Jerome -- None Available
Winand Jeschke & Erika Jeschke Family Tr -- None Available
Jeschke Winand -- None Available
Jeschke Winand -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller John $896,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2021 04/15/21 Sold $1,195,000 -14.6% $374 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
10/12/2020 10/12/20 For Sale $1,400,000 -- $439 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $13,450 $1,293,504 $646,752 $646,752
2023 $13,450 $1,243,278 $621,639 $621,639
2022 $12,980 $1,218,900 $609,450 $609,450
2021 $1,024 $92,809 $34,329 $58,480
2020 $1,013 $91,858 $33,977 $57,881
2019 $995 $90,058 $33,311 $56,747
2018 $981 $88,293 $32,658 $55,635
2017 $949 $86,563 $32,018 $54,545
2016 $1,014 $84,867 $31,391 $53,476
2015 $1,003 $83,593 $30,920 $52,673
2014 $988 $81,957 $30,315 $51,642
Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2021

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    2 in this area

    86 Total Sales

    Christos Celmayster
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3996

Santa Barbara Multiple Listing Service

APN: 043-132-015

California Santa Barbara County Santa Barbara 93101 Westside

1904 San Pascual St, Santa Barbara, CA

This home is located at 1904 San Pascual St, Santa Barbara, CA 93101 since 12 October 2020 and is currently estimated at $1,775,391, approximately $556 per square foot. This property was built in 1900. 1904 San Pascual St is a home located in Santa Barbara County with nearby schools including Adams Elementary School, La Cumbre Junior High School, and San Marcos Senior High School.

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