NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1975 Built

Sale Details

Date Sold: March 7, 2017

Last sale price $2,045,454

24 Days on Market

About This Home

As of March 2017

This is an outstanding value-add opportunity to purchase a complex with rents 27% below current market. These apartments consist of (3) 2-story buildings, each with six units, for a total of 18 units. The unit mix is (6) 1BD/1BA and (12) 2BD/1BA apartments. The approx. 20,907 SF property is composed of two separate legal parcels. The Seller is also offering two other nearby apartment properties.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 09/06/2016

Radius Group Commercial R.E.

Last Buyer's Agent

Andrew 'Andy' Adler

Century 21 Masters License #01162080

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Laundry

  • Laundry Room

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 091-053-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1975
  • ResoLaundryFeatures: Laundry Room
  • Property Information Year Built2: 1975
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Laundry Laundry Room2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 091-053-009
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 18

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
Dec 29, 2021
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
$1,810,250
Interest Rate
0.0311%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2016
Closed on
Jan 18, 2017
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Andrew 'Andy' Adler
Century 21 Masters
List Price
$2,150,000
Sold Price
$2,045,455
Premium/Discount to List
-$104,545
-4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
0.0409%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 2004
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
$458,025
Interest Rate
0.0577%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 2003
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
$2,215,000
Interest Rate
0.0553%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2003
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
$2,215,000
Interest Rate
0.0553%
Mortgage Type
Commercial
Source: Public Records
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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
-- Accommodation/Courtesy Recordi
$2,025,000 Fidelity National Title Co
$4,275,000 Stewart Title
-- Stewart Title
-- Stewart Title
-- Stewart Title
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
Open $1,810,250
Previous Owner $324,000
Previous Owner $4,625,000
Previous Owner $4,625,000
Previous Owner $458,025
Previous Owner $2,215,000
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
03/07/2017 03/07/17 Sold $2,045,455 -4.9% --
09/30/2016 09/30/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $2,150,000 -- --
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 $9,039 $799,055 $100,619 $698,436
2025 $8,551 $783,389 $98,647 $684,742
2023 $8,551 $752,970 $94,817 $658,153
2022 $8,404 $738,207 $92,958 $645,249
2021 $8,498 $723,734 $91,136 $632,598
2020 $8,407 $716,314 $90,202 $626,112
2019 $8,270 $702,270 $88,434 $613,836
2018 $8,143 $688,500 $86,700 $601,800
2017 $5,910 $497,000 $88,000 $409,000
2016 $5,636 $473,000 $84,000 $389,000
2014 $4,948 $409,000 $73,000 $336,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2965

Santa Barbara Multiple Listing Service
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