$2,250,000

Estimated payment $13,662/month

Total Views 285
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • 2 Car Garage

About This Home

Pride-of-ownership bread-and-butter fourplex in a prime Santa Barbara location. Each unit offers 2 bedrooms, 1 bath, and either a private garage or carport. Additional features include a community laundry area. Just one block from Cottage Hospital and minutes to downtown, Daily Grind, McConnell's Ice Cream, and a variety of popular restaurants and shops.

Listing Agent

Jen Stein

Keller Williams Realty Santa Barbara License #01786020 Listed on: 11/16/2025

Keller Williams Realty Santa Barbara

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,350

Year Built

  • Built in 1952

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Raised Foundation

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Laundry Room

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
  • S.B. Sr. High School

Additional Features

  • Property is near an ocean
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 025-231-008
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units
  • 20 Oak Park Subdivision

Building Details

  • Gross Income $138,870
  • Net Operating Income $86,565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,350

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1952
  • Income Expenses Annual Income: 138870.0
  • Capitalization Rate: 3.85%
  • Gross Rent Multiplier: 16.53
  • Monthly Expense: 49528.0
  • Monthly Income: 11572.5
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Oak Park
  • Carport Y N: Yes
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1952
  • Property Information Apx # Acres: 0.15
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Total # Carport Spaces2: 2.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Gar #24: Yes
  • Foundation Raised2: Yes
  • Parking Info Gar #14: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 86565
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.15
  • Foundation Details: Raised

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Mixed, Gar #1, Gar #2, Cpt #1, Cpt #2
  • Total Parking Spaces: 4.0

Schools

  • Elementary School: Adams
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 025-231-008
  • Zoning: Other
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 138870.0
  • Total Actual Rent: 11572.5

Matterport 3D Tours

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $21,350 $2,056,012 $1,254,519 $801,493
2023 $21,350 $1,976,176 $1,205,805 $770,371
2022 $20,604 $1,937,428 $1,182,162 $755,266
2021 $20,132 $1,899,440 $1,158,983 $740,457
2020 $19,924 $1,879,965 $1,147,100 $732,865
2019 $19,577 $1,843,104 $1,124,608 $718,496
2018 $19,301 $1,806,965 $1,102,557 $704,408
2017 $18,664 $1,771,536 $1,080,939 $690,597
2016 $18,208 $1,736,801 $1,059,745 $677,056
2015 $18,009 $1,710,713 $1,043,827 $666,886
2014 -- $1,677,203 $1,023,380 $653,823
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2025 11/16/25 For Sale $2,250,000 -- --
Source: Santa Barbara Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Title Connect Inc
Grant Deed -- Fidelity National Title Co
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $1,175,000 Lawyers Title Company
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- Fidelity National Title Ins
Grant Deed $395,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $950,000 New Conventional
Previous Owner $737,500 Purchase Money Mortgage
Previous Owner $650,000 Purchase Money Mortgage
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

About the Listing Agent

Jen Stein

Keller Williams Realty Santa Barbara

(805) 909-4562

Section Image

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    Section Image
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Source: Santa Barbara Multiple Listing Service

MLS Number: 25-4172

Santa Barbara Multiple Listing Service

APN: 025-231-008