NOT LISTED FOR SALE
-- Bed
-- Bath
1,977 Sq Ft
7,405 Sq Ft Lot

Last Sold May 22, 2024

Last sale price $1,049,000 $531 Per Sq Ft

7 Days on Market

About This Home

As of May 2024

**Offers due by noon on Thursday, May 2** Contractor special! Ventura value-add 3 unit w/ RTI plans for 2BD ADU and 2 units delivered vacant. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential for lot split. The current price reflects the work and upside that can be achieved at this property. Combination of approved plans + 2 vacant units allow for an excellent value add opportunity in a highly sought after neighborhood that will see long term appreciation. Cash offers only

Last Agent to Sell the Property

Nick Henry

Beachside Partners License #01748131 Listed on: 04/29/2024

Co-Listed By

Jason Liehr

Beachside Partners License #02152826

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in below average condition

Utilities

  • Individual Gas Meter

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 073-0-213-060

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1940
  • Monthly Income: 1775.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Co List Office Mls Id: jonsta
  • Co List Office Phone: 805-626-0112
  • New Construction: No
  • Reso Property Condition: Poor
  • Property Information Year Built2: 1940
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Condition Poor: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.17

Schools

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

Lot Info

  • Parcel #: 073-0-213-060
  • Zoning: R-3
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 1775.0

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $1,049,000 0.0% $531 / Sq Ft
05/08/2024 05/08/24 Off Market $1,049,000 -- --
05/07/2024 05/07/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $1,049,000 +2.8% $531 / Sq Ft
02/01/2022 02/01/22 Sold $1,020,000 +11.0% $516 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $919,000 -- $465 / Sq Ft
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: 24-1340

Santa Barbara Multiple Listing Service

APN: 073-0-213-060