NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.36 Acres

Last Sold July 29, 2022

Last sale price $2,100,000

33 Days on Market

Highlights

  • Property is near an ocean
  • 0.36 Acre Lot
  • Carpet
  • Santa Barbara Senior High School Rated A-
  • Property is near park, public transit, shops, and bus stop

About This Home

As of July 2022

Multifamily investment opportunity in the trendy lower Milpas corridor close to lots of amenities, Hilton Hotel and East Beach!   Property consists of 7 units with charm and character; 1 – 2 bdrm, 1 bth cottage, 3 - 1 bdrm, 1 bath cottages, studio cottage, and a duplex (each 1 bdrm, 1 bth). This true ''community village'' vibe, features a idyllic setting with large specimen trees, and pride of ownership landscaping. Some units have some updating, others have private yard areas or porches. Rents are extremely below market; a great value add potential! The large, L shaped 15,681 SF parcel, zoned C-G, allows for a variety of possible redevelopment opportunities. An amazing and very rare find in this up and coming location!

Last Agent to Sell the Property

Yolanda Van Wingerden

Berkshire Hathaway HomeServices California Properties License #01308141 Listed on: 06/20/2022

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Mitch Stark

Berkshire Hathaway HomeServices California Properties License #01196532

Last Buyer's Agent

Terence Alemann

Alemann and Associates License #01925020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.36 Acre Lot
  • Property is in good condition

Parking

  • Uncovered Parking

Home Design

  • Raised Foundation

Flooring

  • Carpet
  • Vinyl

Schools

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • Carp. Sr. High School

Additional Features

  • Property is near an ocean
  • Property is near park, public transit, shops, and bus stop
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 7 Units
  • Gross Income $160,800

Listing and Financial Details

  • Assessor Parcel Number 017-251-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1925
  • Income Expenses Annual Income: 160800.0
  • Monthly Income: 13400.0
  • ResoLaundryFeatures: Some
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: pruc1
  • Co List Office Phone: 805-969-5026
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Good, Average
  • Property Information Year Built2: 1925
  • Property Information Apx # Acres: 0.36
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 15681.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Condition Average2: Yes
  • Foundation Raised2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.36
  • Foundation Details: Mixed, Raised

Garage/Parking

  • Parking Features: Uncovered

Schools

  • Elementary School: Cleveland
  • High School: Carp. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 017-251-012
  • Zoning: C-2
  • Lot Size Sq Ft: 15681.0

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 160800.0
  • Total Actual Rent: 13400.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/01/2022 08/01/22 Off Market $2,100,000 -- --
07/29/2022 07/29/22 Sold $2,100,000 -10.6% --
06/22/2022 06/22/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $2,350,000 0.0% --
06/14/2022 06/14/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $2,350,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

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 $22,713 $2,214,840 $2,002,770 $212,070
2023 $22,713 $2,100,000 $1,925,000 $175,000
2022 $22,355 $2,100,000 $1,925,000 $175,000
2021 $1,338 $120,223 $100,317 $19,906
2020 $1,324 $118,991 $99,289 $19,702
2019 $1,300 $116,659 $97,343 $19,316
2018 $1,281 $114,373 $95,435 $18,938
2017 $1,239 $112,131 $93,564 $18,567
2016 $1,296 $109,933 $91,730 $18,203
2014 $1,263 $106,163 $88,584 $17,579
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-1612

Santa Barbara Multiple Listing Service