NOT LISTED FOR SALE

215 W Arrellaga St Santa Barbara, CA 93101

Oak Park Neighborhood
14 Beds
10 Baths
8,120 Sq Ft
0.31 Acres

Last Sold April 17, 2018

Last sale price $3,700,000 $456 Per Sq Ft

13 Days on Market

About This Home

As of April 2018

FIRST TIME ON THE MARKET IN 50 YEARS! Beautiful Mid-century apartment
complex situated in Oak Park. Consists of 10 spacious units: (6) 1BD/1BA, ±740 SF and (4) 2BD/1BA units, ±920 SF. There are (3) 1BD/1BA units upstairs with large private balconies off the living room and (3) downstairs 1BD/1BA units with private patios off the living room. The upper (4) two bedroom units include glass sliders to the balconies off of the living room and one off the bedroom. The apartments have 9’ ceilings, upper
units have open beam ceilings, wonderful oversized windows and doors, lots of storage and a gated entry to each unit for extra privacy. The grounds also feature a common courtyard, common laundry room and mature landscaping. Do not disturb tenants. Seller to review offers after Feb. 9, 2018.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 02/02/2018

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 02/02/2018

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.31

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • 10 Carport Spaces

Outdoor Features

  • Patio

Community Details

  • 10 Units
  • Net Operating Income $132

Listing and Financial Details

  • Assessor Parcel Number 027-221-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1968
  • Capitalization Rate: 3.4
  • Gross Rent Multiplier: 18.72
  • ResoLaundryFeatures: Other
  • Property Information Year Built2: 1968
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 10.0
  • Parking Info Total # Unconvered Spaces: 2.0
  • Amenities Patio2: Yes
  • IncomeExpenses NOI2: $132,791
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Open Parking Spaces: 2.0
  • Parking Features: Carport, Uncovered

Schools

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

Lot Info

  • Parcel #: 027-221-004
  • Zoning: Other

Multi Family

  • Number Of Units Total: 10

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
04/17/2018 04/17/18 Sold $3,700,000 -5.1% $456 / Sq Ft
02/15/2018 02/15/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $3,900,000 -- $480 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2018

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    18 in this area

    91 Total Sales

    Steve Golis
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-385

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Oak Park

215 W Arrellaga St, Santa Barbara, CA

This home is located at 215 W Arrellaga St, Santa Barbara, CA 93101 since 02 February 2018. This property was built in 1968. 215 W Arrellaga St is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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