NOT LISTED FOR SALE
Studio
-- Bath
14,060 Sq Ft
17,860 Sq Ft Lot

Sale Details

Date Sold: October 6, 2014

Last sale price $1,650,000 $117 Per Sq Ft

111 Days on Market

About This Home

As of October 2014

This 16-unit apartment property is located in the northeast quadrant of the city of Santa Maria at the northeast corner of East Bunny Avenue and North McCelland Street. The unit mix consists of one studio, with the remaining 15 units two-bedroom / one-bath floor plans. There is a fairly significant upside in the unit rents.

Last Agent to Sell the Property

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 02/27/2014

Apartment Investment Specialists

Last Buyer's Agent

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 02/27/2014

Apartment Investment Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.41

Additional Features

  • 17,860 Sq Ft Lot
  • Individual Gas Meter

Community Details

  • 16 Units
  • Gross Income $159,659

Listing and Financial Details

  • Assessor Parcel Number 121-051-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.41 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Income Expenses Annual Income: 159659.0
  • Capitalization Rate: 5.19%
  • Gross Rent Multiplier: 10.59
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Property Information Apx Lot SqFt: 17860.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.41

Schools

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

Lot Info

  • Parcel #: 121-051-012
  • Zoning: R-4
  • Lot Size Sq Ft: 17860.0

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 159659.0
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
10/06/2014 10/06/14 Sold $1,650,000 -5.7% $117 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $1,750,000 -- $124 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $28,455 $2,651,699 $568,218 $2,083,481
2023 $28,455 $2,548,732 $546,154 $2,002,578
2022 $27,548 $2,498,758 $535,446 $1,963,312
2021 $26,836 $2,449,764 $524,948 $1,924,816
2020 $26,800 $2,424,646 $519,566 $1,905,080
2019 $26,498 $2,377,105 $509,379 $1,867,726
2018 $26,165 $2,330,496 $499,392 $1,831,104
2017 $25,882 $2,284,800 $489,600 $1,795,200
2016 $18,254 $1,649,781 $431,481 $1,218,300
2015 $17,969 $1,625,000 $425,000 $1,200,000
2014 $13,497 $1,253,313 $361,530 $891,783
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-611

Santa Barbara Multiple Listing Service
Your Personal Tour Guide

Ask me questions while you tour the home.