NOT LISTED FOR SALE
3 Beds
-- Bath
1,153 Sq Ft
0.65 Acres

Last Sold January 14, 2016

Last sale price $5,725,000 $4,965 Per Sq Ft

41 Days on Market

Highlights

  • Property is near an ocean
  • 0.65 Acre Lot
  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of January 2016

Nothing Currently Available

Last Agent to Sell the Property

Matthew Kelly

The Channel Group License #01718357 Listed on: 09/24/2015

Last Buyer's Agent

Matthew Kelly

Apartment Investment Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.65 Acre Lot
  • Property is in good condition

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Parking

  • 21 Parking Spaces
  • Open Parking

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

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

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 017-252-024

Community Details

Overview

  • 20 Units
  • 15 Lower Eastside Subdivision

Building Details

  • Gross Income $462,960
  • Net Operating Income $280,037

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1972
  • Income Expenses Annual Income: 462960.0
  • Capitalization Rate: 4.87
  • Gross Rent Multiplier: 12.97
  • Monthly Income: 36955.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 21.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - Lower Eastside
  • Reso Flooring: Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1972
  • Property Information Apx # Acres: 0.65
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 28314.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • General Property Information Stories2: 2.0
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Patio2: Yes
  • HeatingCooling Ceiling Fan(s)3: Yes
  • Amenities Elec Stove: Yes
  • HeatingCooling Elec: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 280037
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.65
  • Foundation Details: Slab

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Uncovered, Unc #5
  • Total Parking Spaces: 21.0

Utilities

  • Heating: Ceiling Fan(s), Elec
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 017-252-024
  • Zoning: R-3
  • Lot Size Sq Ft: 28314.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 20
  • Annual Gross Income: 462960.0
  • Total Actual Rent: 36955.0

Range of Values:

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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
08/07/2023 08/07/23 For Rent $3,995 0.0% --
07/24/2023 07/24/23 Price Changed $3,995 +90.1% $4 / Sq Ft
07/21/2023 07/21/23 For Rent $2,101 0.0% --
06/21/2023 06/21/23 For Rent $2,101 0.0% --
06/14/2023 06/14/23 For Rent $2,101 0.0% --
06/07/2022 06/07/22 For Rent $2,101 0.0% --
05/18/2022 05/18/22 For Rent $2,101 0.0% --
01/14/2016 01/14/16 Sold $5,725,000 -0.4% $4,965 / Sq Ft
11/04/2015 11/04/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $5,750,000 -- $4,987 / 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: 15-3222

Santa Barbara Multiple Listing Service