NOT LISTED FOR SALE
-- Bed
-- Bath
27,132 Sq Ft
43,124 Sq Ft Lot

Last Sold August 31, 2023

Last sale price $16,800,000 $619 Per Sq Ft

70 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Laundry Room
  • 0.99 Acre Lot
  • Community Pool
  • 4-minute walk to Pershing Park

About This Home

As of August 2023

215 Bath Street is a 52 unit generational multifamily asset n Santa Barbara located
within the famed West Beach neighborhood.
The property consists of 27 x 1BD/1BA units, 23
Studios and 2 x 2BD/1BA units in three separate
buildings creating a unique apartment community unlike most properties in the area. Residents enjoy ample on-site parking, use of an on-site laundry room, and a common courtyard with in-ground swimming pool and lounge area.
The property's location in West Beach provides
unparalleled conveniences to the Funk Zone, Santa Barbara Harbor, Stearns Wharf, State Street and proximity to Santa Barbara City College (''SBCC'') as well as easy Hwy 101 access. Offers are due 4/13/2023 by 5 PM (''Bid Date''). Seller reserves the right to accept an offer prior to the Bid Date.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 03/30/2023

Last Buyer's Agent

Austin Herlihy

Colliers International Greater Los Angeles, Inc. License #01518112

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.99

Interior Spaces

  • 27,132 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Location

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

Schools

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

Additional Features

  • Property is near an ocean
  • 0.99 Acre Lot
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 033-031-022

Community Details

Overview

  • 52 Units
  • 20 West Beach Subdivision

Recreation

  • Community Pool

Building Details

  • Gross Income $1,123,631

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0.99 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Income Expenses Annual Income: 1123631.0
  • Monthly Income: 93119.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 50.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - West Beach
  • Property Information Year Built2: 1930
  • Property Information Apx # Acres: 0.99
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Total # Unconvered Spaces: 50.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 27132.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 43124.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.99

Garage/Parking

  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0

Association/Amenities

  • Community Amenities:Pool2: Yes

Schools

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

Lot Info

  • Parcel #: 033-031-022
  • Zoning: R-4
  • Lot Size Sq Ft: 43124.0

Multi Family

  • Number Of Units Total: 52
  • Annual Gross Income: 1123631.0
  • Total Actual Rent: 93119.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $16,800,000 -11.6% $619 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $19,000,000 -- $700 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $178,241 $17,186,000 $7,140,000 $10,046,000
2023 $178,241 $8,528,523 $4,176,299 $4,352,224
2022 $88,889 $8,361,808 $4,094,411 $4,267,397
2021 $86,853 $8,197,862 $4,014,129 $4,183,733
2020 $85,962 $8,114,066 $3,972,970 $4,141,096
2019 $84,471 $7,955,468 $3,895,069 $4,060,399
2018 $83,283 $7,799,980 $3,818,696 $3,981,284
2017 $80,539 $7,647,540 $3,743,820 $3,903,720
2016 $78,271 $7,498,089 $3,670,412 $3,827,677
2014 $76,143 $7,241,666 $3,544,461 $3,697,205
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-822

Santa Barbara Multiple Listing Service
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