NOT LISTED FOR SALE

2131 Modoc Rd Santa Barbara, CA 93101

Westside Neighborhood

Estimated Value: $1,783,000 - $2,230,714

3 Beds
2 Baths
1,135 Sq Ft
$1,746/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2024

Last sale price $1,985,000 $1,749 Per Sq Ft

Current estimated payment $11,881 / mo

7 Days on Market

Highlights

  • Spa
  • Property is near an ocean
  • Wood Flooring
  • San Marcos Senior High School Rated A-
  • Property is near park, public transit, schools, shops, and bus stop
  • 4-minute walk to Pilgrim Terrace Park

About This Home

As of August 2024

This versatile and extensively renovated multi-family property features a 3-bed, 2-bathroom modern cottage with an expansive, permitted 2-bedroom ADU in the backyard. The grounds create a tropical oasis with a sparkling pool, surrounded by low-maintenance synthetic grass, lush tropical plants, palm trees, & enticing outdoor amenities like a firepit, outdoor kitchen, & built-in entertaining deck. Positioned perfectly between downtown Santa Barbara & the beach this property captures premium rents as your tenants enjoy easy access to SBCC, parks, Cottage Hospital, top-notch shopping & dining, & a new paved bike path leading straight to Hendry's Beach. Established, easy-to-work-with tenant pays $120k/year. Don't miss this opportunity for a turnkey investment opportunity in a premium location!

Last Agent to Sell the Property

Zia Group

eXp Realty of California, Inc. License #01710544 Listed on: 07/09/2024

Last Buyer's Agent

nico pollero

Alemann and Associates License #02015085

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,276 Sq Ft Lot
  • Back Yard Fenced
  • Property is in excellent condition

Interior Spaces

  • 1,135 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Attic Fan
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Vinyl Plank

Parking

  • 4 Car Garage
  • Converted Garage
  • 4 Open Parking Spaces

Outdoor Features

  • Spa
  • Property is near an ocean
  • Patio

Location

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

Schools

  • Harding Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 043-042-017

Community Details

Overview

  • 2 Units
  • 15 Or 20 Downtown Subdivision

Recreation

  • Community Pool

Building Details

  • Gross Income $120,000
  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1948
  • Income Expenses Annual Income: 120000.0
  • Capitalization Rate: 4
  • Gross Rent Multiplier: 16.6
  • Monthly Expense: 3500.0
  • Monthly Income: 10000.0
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 15 or 20 - Downtown
  • Reso Flooring: Hardwood, Stone, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1948
  • Property Information Apx # Acres: 0.19
  • NeighborhoodSchools Elementary School: Harding
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Parking Info Total # Unconvered Spaces: 4.0
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 1135.0
  • Proximity Near Shopping2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Property Information Apx Lot SqFt: 8276.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • Amenities Spa2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Fncd Back: Yes
  • Amenities Patio2: Yes
  • HeatingCooling Ceiling Fan(s)3: Yes
  • Parking Info Converted3: Yes
  • IncomeExpenses NOI2: 78,000
  • HeatingCooling Attic Fan(s)2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.19
  • Foundation Details: Mixed

Garage/Parking

  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Unc #4, Converted
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Ceiling Fan(s), Attic Fan(s)
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes
  • Association Amenities:Cable TV: Yes
  • Community Amenities:Pool2: Yes

Schools

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

Lot Info

  • Parcel #: 043-042-017
  • Zoning: R-1
  • Lot Size Sq Ft: 8276.0

Rental Info

  • Owner Pays: Other

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 120000.0
  • Total Actual Rent: 10000.0

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
Feb 25, 2025
Sold by
Bought by
Current Estimated Value
$1,981,429

Purchase Details

Listed on
Jul 9, 2024
Closed on
Jul 24, 2024
Sold by
Bought by
Seller's Agent
Zia Group
eXp Realty of California, Inc.
Buyer's Agent
nico pollero
Alemann and Associates
List Price
$1,995,000
Sold Price
$1,985,000
Premium/Discount to List
-$10,000
-0.5%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.10%

Purchase Details

Closed on
Nov 2, 2021
Sold by
Bought by

Purchase Details

Listed on
Feb 5, 2019
Closed on
May 15, 2019
Sold by
Bought by
Seller's Agent
Jim Scarborough
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Grubb Campbell Group
Village Properties
List Price
$1,449,000
Sold Price
$1,285,000
Premium/Discount to List
-$164,000
-11.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$1,156,500
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 12, 2017
Sold by
Bought by

Purchase Details

Listed on
Dec 20, 2016
Closed on
Apr 21, 2017
Sold by
Bought by
Seller's Agent
Timothy Dahl
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Jim Scarborough
Berkshire Hathaway HomeServices California Properties
List Price
$1,100,000
Sold Price
$919,000
Premium/Discount to List
-$181,000
-16.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$689,250
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2014
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
$587,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2006
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
$583,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 24, 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
$480,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 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
$480,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2002
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
$480,000
Interest Rate
5.5%

Purchase Details

Closed on
Jan 4, 2002
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
$480,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
-- None Listed On Document
$1,985,000 Chicago Title
-- None Available
$1,285,000 Chicago Title Company
-- None Available
$919,000 First American Title Company
-- Stewart Title Of Ca Inc
-- United Title Company
-- United Title Company
-- Fidelity National Title
-- Fidelity National Title
-- Fidelity National Title
-- Chicago Title Co
$600,000 Fidelity National Title Co
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 $1,156,500
Previous Owner $689,250
Previous Owner $587,000
Previous Owner $583,000
Previous Owner $480,000
Previous Owner $480,000
Previous Owner $480,000
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 Prior Sale
08/05/2024 08/05/24 Sold $1,985,000 0.0% $1,749 / Sq Ft
08/05/2024 08/05/24 Sold $1,985,000 -0.5% $1,749 / Sq Ft View Prior Sale
07/17/2024 07/17/24 Pending -- -- --
07/17/2024 07/17/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $1,995,000 0.0% $1,758 / Sq Ft
07/08/2024 07/08/24 For Sale $1,995,000 +55.3% $1,758 / Sq Ft
05/24/2019 05/24/19 Sold $1,285,000 0.0% $1,132 / Sq Ft View Prior Sale
05/24/2019 05/24/19 Sold $1,285,000 -11.3% $1,132 / Sq Ft View Prior Sale
04/16/2019 04/16/19 Pending -- -- --
04/16/2019 04/16/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $1,449,000 0.0% $1,277 / Sq Ft
12/17/2018 12/17/18 For Sale $1,449,000 +57.7% $1,277 / Sq Ft
05/10/2017 05/10/17 Sold $919,000 -16.5% $810 / Sq Ft View Prior Sale
04/17/2017 04/17/17 Pending -- -- --
12/20/2016 12/20/16 For Sale $1,100,000 -- $969 / 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
2025 $14,897 $1,985,000 $750,000 $1,235,000
2023 $14,897 $1,377,777 $643,320 $734,457
2022 $14,376 $1,350,762 $630,706 $720,056
2021 $14,046 $1,324,278 $618,340 $705,938
2020 $13,901 $1,310,700 $612,000 $698,700
2019 $10,531 $996,927 $561,816 $435,111
2018 $10,381 $977,380 $550,800 $426,580
2017 $8,065 $763,725 $477,331 $286,394
2016 $7,849 $748,751 $467,972 $280,779
2014 $7,634 $723,059 $451,914 $271,145
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2024

    Zia Group

    eXp Realty of California, Inc.

  • n

    Buyer's Agent in 2024

    nico pollero

    Alemann and Associates

    (805) 450-3552

    3 in this area

    42 Total Sales

    nico pollero
    Section Image

  • J

    Seller's Agent in 2019

    Jim Scarborough

    Berkshire Hathaway HomeServices California Properties

    Section Image

  • G

    Buyer's Agent in 2019

    Grubb Campbell Group

    Village Properties

  • T

    Seller's Agent in 2017

    Timothy Dahl

    Berkshire Hathaway HomeServices California Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2237

Santa Barbara Multiple Listing Service

APN: 043-042-017

California Santa Barbara County Santa Barbara 93101 Westside

2131 Modoc Rd, Santa Barbara, CA

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