$1,262,000
SOLD OCT 19, 2018
-- Bed
-- Bath
-- Sq Ft
0.33 Acres

Recently Sold

1% Below List Price

3 Days on Market

Highlights

  • 0.33 Acre Lot
  • Laundry Room
  • Tile Flooring
  • Property is near public transit

About This Home

As of October 2018

7 units in Santa Maria with lots of upgrades. All but one unit have dual pane windows, 6-panel doors, tile counters and floors, new cabinets, new electrical, new plumbing, and new plumbing/electrical fixtures. Property comprised of a four-plex, a duplex, and detached single family home. Unit mix is two 3-bedroom units, four 2-bedroom units, and a studio. Most of the units have private front or back patios, while a few open into a common courtyard. There is also a laundry room that is currently used for storage. Close to downtown shopping, restaurants, and stores.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 07/22/2018

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.33 Acre Lot
  • Property is in good condition

Home Design

  • Raised Foundation

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Additional Features

  • Tile Flooring
  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 121-225-009

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $260
  • Fuel Expense $130
  • Insurance Expense $1,960
  • Maintenance Expense $5,950
  • Trash Expense $1,270
  • Water Sewer Expense $1,700
  • New Taxes Expense $14,280
  • Operating Expense $36,802
  • Gross Income $97,680

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 97680.0
  • Capitalization Rate: 4.54
  • Income Expenses Electric Expense: 260.0
  • Income Expenses Gas Expense: 130.0
  • Gross Rent Multiplier: 13.05
  • Maintenance Expense: 5950.0
  • Annual Expenses: 36802.0
  • Monthly Income: 7990.0
  • Income Expenses Trash Expense: 1270.0
  • Income Expenses Water Expense: 1700.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • ResoLaundryFeatures: Laundry Room, Other
  • ResoLotFeatures: Near Public Transit
  • Income And Expenses Maintenance Expense: 5950.0
  • Reso Flooring: Tile
  • New Construction: No
  • Reso Property Condition: Good
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 7.0
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 14374.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Foundation Raised2: Yes
  • IncomeExpenses Taxes6: 14280.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.33
  • Foundation Details: Raised

Garage/Parking

  • Open Parking Spaces: 7.0
  • Parking Features: Uncovered

Fee Information

  • Annual Fuel Expense: 130.0
  • Trash Expense: 1270.0
  • Annual Water Sewer Expense: 1700.0

Schools

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

Lot Info

  • Parcel #: 121-225-009
  • Zoning: Other
  • Lot Size Sq Ft: 14374.0

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 260.0
  • Annual Gross Income: 97680.0
  • Insurance Expense: 1960.0
  • Annual Operating Expense: 36802.0
  • Total Actual Rent: 7990.0

Range of Values:

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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 Change Sq Ft Price
07/21/2025 07/21/25 For Sale $1,810,000 +43.4% $378 / Sq Ft
10/19/2018 10/19/18 Sold $1,262,000 -1.0% --
07/25/2018 07/25/18 Pending -- -- --
07/22/2018 07/22/18 For Sale $1,275,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-2669

Santa Barbara Multiple Listing Service