NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
6,250 Sq Ft Lot

Sale Details

Date Sold: January 29, 2016

Last sale price $2,442,500

37 Days on Market

About This Home

As of January 2016

This 6-unit West-Beach apartment complex is situated at the heart
of one of the most coveted neighborhoods in Santa Barbara, within
walking distance to the beach, State Street and the Funk Zone. Ideal for
an investor looking for a beach-area asset.
Tour Dates - Thursday Nov 12 10 - 1PM
Tuesday, Nov 17 10 - 1 PM
Bid Deadline Friday, Nov 20th

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 11/11/2015

Radius Group Commercial R.E.

Co-Listed By

Bob Tuler

Radius Group Commercial R.E. License #00643325

Last Buyer's Agent

Joel Butera

Berkshire Hathaway HomeServices California Properties License #01229404

Berkshire Hathaway HomeServices California Properties
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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,250

Parking

  • Uncovered Parking

Additional Features

  • 2-Story Property
  • 6,250 Sq Ft Lot
  • Individual Gas Meter

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 033-033-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Capitalization Rate: 2.34
  • Gross Rent Multiplier: 22.47
  • Monthly Income: 113100.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Building Stories: 2
  • ResoLaundryFeatures: Other
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Property Information Apx Lot SqFt: 6250.0
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.14

Garage/Parking

  • Parking Features: Uncovered

Schools

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

Lot Info

  • Parcel #: 033-033-021
  • Zoning: Other
  • Lot Size Sq Ft: 6250.0

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 113100.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2015
Closed on
Jan 18, 2016
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Joel Butera
Berkshire Hathaway HomeServices California Properties
List Price
$2,490,000
Sold Price
$2,442,500
Premium/Discount to List
-$47,500
-1.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 1, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in West Beach, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,550,000 Fidelity National Title Co
-- Accommodation
-- None Available
-- Fidelity National Title
-- Fidelity National Title Co
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,285,000
Closed $1,400,000
Previous Owner $50,000
Previous Owner $290,000
Previous Owner $174,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2016 01/29/16 Sold $2,442,500 -1.9% --
12/18/2015 12/18/15 Pending -- -- --
11/11/2015 11/11/15 For Sale $2,490,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $31,888 $3,079,049 $1,931,953 $1,147,096
2025 $31,343 $3,018,676 $1,894,072 $1,124,604
2023 $31,343 $2,901,459 $1,820,524 $1,080,935
2022 $30,247 $2,844,569 $1,784,828 $1,059,741
2021 $29,554 $2,788,794 $1,749,832 $1,038,962
2020 $29,249 $2,760,199 $1,731,890 $1,028,309
2019 $28,740 $2,706,079 $1,697,932 $1,008,147
2018 $28,334 $2,653,020 $1,664,640 $988,380
2017 $27,399 $2,601,000 $1,632,000 $969,000
2016 $2,666 $242,280 $110,990 $131,290
2015 $2,637 $238,641 $109,323 $129,318
2014 $2,596 $233,967 $107,182 $126,785
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: 15-3698

Santa Barbara Multiple Listing Service
Your Personal Tour Guide

Ask me questions while you tour the home.