NOT LISTED FOR SALE

221 E Haley St Santa Barbara, CA 93101

Eastside Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold December 14, 2017

Last sale price $1,650,000

73 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • 2-minute walk to Plaza Vera Cruz
  • Washington Elementary School Rated A
  • 1-Story Property

About This Home

As of December 2017

Oozing potential in this up and coming location two blocks off State St. and 4 blocks to ocean. Property boasts 5 1 bedroom bungalows and a Victorian salt box duplex. 3 cottages have fenced yard. Adjacent is a large garage with driveway leading to Garden. Overall rents below market. Perfect for a value add investor. Large 1/4 acre lot has a driveway from duplex that extends to Garden street and has a Garden St. address. Adjacent to the recently approved huge 4 story Leggett project right next door. This entire area has been on the upswing for years. Major new building adjacent behind it. Unlimited all day street parking. Tremendous upside for the right investor. Showing by APPT ONLY. Please do not step on property without an appt. There is a locked gate so you need me to meet you.

Last Agent to Sell the Property

Lenny Gerthoffer

Sun Coast Real Estate Listed on: 09/01/2017

Last Buyer's Agent

Gabe Venturelli

The Channel Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.25 Acre Lot
  • Property is in good condition

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Raised Foundation

Location

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

Schools

  • Franklin Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • 1-Story Property
  • Property is near an ocean

Listing and Financial Details

  • The owner pays for trash collection, gas
  • Assessor Parcel Number 031-202-013

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 7 Units
  • Gross Income $120,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1923
  • Income Expenses Annual Income: 120000.0
  • Capitalization Rate: 4.3
  • Gross Rent Multiplier: 14.24
  • Monthly Income: 10000.0
  • Meters Sep Meter Elec: Y
  • Miscellaneous Parking Spaces: 2.0
  • Building Stories: 1
  • ResoLaundryFeatures: None
  • ResoLotFeatures: Near Public Transit
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1923
  • Property Information Apx # Acres: 0.25
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 10800.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 1.0
  • Foundation Raised2: Yes
  • Parking Info Street: Yes
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.25
  • Foundation Details: Raised

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Street
  • Total Parking Spaces: 2.0

Schools

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

Lot Info

  • Parcel #: 031-202-013
  • Zoning: Other
  • Lot Size Sq Ft: 10800.0

Rental Info

  • Owner Pays: Trash Collection, Gas

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 120000.0
  • Total Actual Rent: 10000.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/14/2017 12/14/17 Sold $1,650,000 -12.9% --
09/14/2017 09/14/17 Pending -- -- --
07/03/2017 07/03/17 For Sale $1,895,000 -- --
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 $19,137 $1,840,601 $1,701,164 $139,437
2023 $19,137 $1,769,129 $1,635,106 $134,023
2022 $18,467 $1,734,442 $1,603,046 $131,396
2021 $18,043 $1,700,434 $1,571,614 $128,820
2020 $17,857 $1,683,000 $1,555,500 $127,500
2019 $17,546 $1,650,000 $1,525,000 $125,000
2018 $17,643 $1,650,000 $1,525,000 $125,000
2017 $5,466 $514,844 $402,484 $112,360
2016 $5,398 $504,750 $394,593 $110,157
2014 $5,253 $487,431 $381,053 $106,378
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lenny Gerthoffer

    Sun Coast Real Estate

  • G

    Buyer's Agent in 2017

    Gabe Venturelli

    The Channel Group

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-2229

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Eastside

221 E Haley St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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