NOT LISTED FOR SALE

2018 Bath St Santa Barbara, CA 93105

Oak Park Neighborhood

Estimated Value: $1,626,000 - $4,771,933

3 Beds
2 Baths
-- Sq Ft
0.44 Acres

Last Sold October 16, 2024

Last sale price $3,266,310

Est. 6% decrease in value since last sale

Current estimated payment $16,960/month

59 Days on Market

Highlights

  • 0.44 Acre Lot
  • Laundry Room
  • Wood Fence
  • Santa Barbara Senior High School Rated A-
  • Accessible Parking
  • Heating Available

About This Home

As of October 2024

PROPERTY ADJACENT (2012 BATH STREET) ALSO FOR SALEYears (Each Unit):2016, 2016A1/2, 2018, and 2018A1/2 Bath St: 19152018 Bath St., A & B: 19302016 Bath St., C & D: 1964Detached Garage: 1974Owned and loved by the same owner for over 4 decades! Conveniently nestled near Mission Street, Cottage Hospital and Downtown, 2016-2018 Bath Street presents a hidden gem in Santa Barbara. This compound-style property boasts 7 residential dwellings comprising a total of 8 units, offering a versatile unit mix of (4) 2-bedroom, 1-bath units and (4) 1-bedroom, 1-bath units.Units feature private patios adorned with mature trees and lush landscaping, providing a serene retreat in the heart of the city. Six garages, with leases, currently being utilized as storage, provide additional income potential. Whether for relaxation or investment, this property offers an ideal blend of convenience and tranquility, perfect for those seeking the Santa Barbara lifestyle with proximity to key amenities and attractions. 2016 Bath Street will be delivered vacant, providing for excellent investor opportunity.All offers are subject to inspection.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial RE Brokerage Email: sgolis@radiusgroup.com License #00772218 Listed on: 07/12/2024

Radius Group Commercial RE

Last Buyer's Agent

Steve Golis

Radius Group Commercial RE Brokerage Email: sgolis@radiusgroup.com License #00772218 Listed on: 07/12/2024

Radius Group Commercial RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,296

Year Built

  • Built in 1915

Lot Details

  • 0.44 Acre Lot
  • No Common Walls
  • Wood Fence
  • No Sprinklers

Parking

  • 6 Car Garage
  • Parking Available
  • Off-Street Parking

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Convection Oven
  • Laundry Room
  • Accessible Parking
  • Suburban Location
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 025301021

Community Details

Overview

  • 7 Buildings
  • 8 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $210
  • Insurance Expense $9,500
  • Professional Management Expense $11,905
  • Trash Expense $6,060
  • Water Sewer Expense $6,485
  • Operating Expense $92,166
  • Gross Income $254,630
  • Net Operating Income $162,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,296

Year Built

Built in 1915

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Professional Management Expense: 11905.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 6485.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 025301021
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 9.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 6060.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 19079.00
  • Lot Size Acres: 0.4380

Multi Family

  • Electric Expense: 210.00
  • Gross Income: 254630.00
  • Gross Scheduled Income: 238092.00
  • Insurance Expense: 9500.00
  • Lot Size Area: 19079.0000 Square Feet
  • Net Operating Income: 162464.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 92166.00
  • Rent Control: No
  • Total Expenses: 92166.00

Tax Info

  • Tax Annual Amount: 42296.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 26, 2024
Sold by
Calvin D Marble Family Trust and Marble Calvin D
Bought by
Bath Street Llc
Seller's Agent
Steve Golis
Radius Group Commercial RE
Buyer's Agent
Steve Golis
Radius Group Commercial RE
List Price
$3,650,000
Sold Price
$3,266,310
Premium/Discount to List
-$383,690
-10.51%
Views
10
Current Estimated Value
$3,081,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$184,577
Avg. Annual Appreciation
-4.48%
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

Date Buyer Sale Price Title Company
Bath Street Llc $4,700,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2024 10/16/24 Sold $3,266,310 -10.5% --
09/09/2024 09/09/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $3,650,000 -- --
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 $7,258 $1,434,000 $800,000 $634,000
2023 $7,258 $661,466 $299,773 $361,693
2022 $7,002 $648,573 $293,896 $354,677
2021 $6,836 $635,933 $288,134 $347,799
2020 $6,765 $629,453 $285,180 $344,273
2019 $6,648 $617,188 $279,589 $337,599
2018 $6,554 $605,162 $274,107 $331,055
2017 $6,338 $593,373 $268,733 $324,640
2016 $6,246 $581,814 $263,464 $318,350
2014 $6,079 $561,982 $254,424 $307,558
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2024

    Steve Golis

    Radius Group Commercial RE

    (805) 879-9624

    19 in this area

    90 Total Sales

    Steve Golis
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-24614

Ventura County Regional Data Share

APN: 025-301-021

California Santa Barbara County Santa Barbara 93105 Oak Park

2018 Bath St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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