$1,357,000
SOLD FEB 14, 2025
-- Bed
-- Bath
2,145 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$633 Per Sq Ft

9% Above List Price

26 Days on Market

Highlights

  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • 3 Car Garage

About This Home

As of February 2025

Unique opportunity to acquire this multi-unit FIXER in the heart of downtown Santa Barbara in one of the more desirable locations next to restaurants, shops, and parks. First time being offered in more than two decades, the property is made up of 3 separate units, including a 3 car garage (zoned R-4, buyer to verify), and offers an exceptional chance for a seasoned investor to take on a major project in a prime location of town. DO NOT DISTURB TENANTS! Showings are Subject to Inspection with accepted offer. Sale is subject to Court Approval and overbid. Call Listing Agent for Details & Current Rents.

Last Agent to Sell the Property

The Santa Barbara

Berkshire Hathaway HomeServices California Properties Listed on: 05/08/2024

Last Buyer's Agent

Ben Rivera

Home Realty & Investments License #01367001

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,951

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in below average condition

Parking

  • 3 Car Garage

Home Design

  • 2,145 Sq Ft Home
  • Raised Foundation

Location

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

Schools

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

Community Details

  • 3 Units
  • 15 Or 20 Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 025-022-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,951

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Monthly Income: 5700.0
  • Meters Sep Meter Elec: Y
  • Miscellaneous Parking Spaces: 3.0
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Poor
  • Property Information Year Built2: 1930
  • Property Information Apx # Acres: 0.14
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 2145.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6098.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Condition Poor: Yes
  • Foundation Raised2: Yes
  • Parking Info Gar #35: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Gar #3
  • Total Parking Spaces: 3.0

Schools

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

Lot Info

  • Parcel #: 025-022-004
  • Zoning: R-4
  • Lot Size Sq Ft: 6098.0

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 5700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jan 27, 2025
Sold by
Miller Peter L and Long Samuel Gabriel
Bought by
Dlv Partners Llc
Seller's Agent
The Santa Barbara
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ben Rivera
Home Realty & Investments
List Price
$1,250,000
Sold Price
$1,357,000
Premium/Discount to List
$107,000
8.56%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.91%

Purchase Details

Closed on
Dec 24, 2017
Sold by
Gray Heather Veronica and Long Samuel Gabriel
Bought by
Gray Heather Veronica and Long Samuel Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2016
Sold by
Berlin Loretta
Bought by
Berlin Loretta M and Loretta M Berlin Trust

Purchase Details

Closed on
Jun 5, 2008
Sold by
Long Samuel Gabriel
Bought by
Berlin Loretta

Purchase Details

Closed on
Jun 9, 2005
Sold by
Kelly Jennifer Ethel
Bought by
Miller Peter

Purchase Details

Closed on
Mar 30, 2005
Sold by
Miller Peter Leroy
Bought by
Long Samuel Gabriel

Purchase Details

Closed on
Jul 29, 1999
Sold by
Ward Daniel K
Bought by
Miller Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
5.45%

Purchase Details

Closed on
Jun 9, 1999
Sold by
Ward Daniel K
Bought by
Ward Daniel K and Hicks Jan Alyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
5.45%

Purchase Details

Closed on
Sep 1, 1998
Sold by
Hicks Jan Alyce
Bought by
Ward Daniel K
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,357,000 First American Title
Interfamily Deed Transfer -- None Available
Grant Deed $51,000 None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- --
Grant Deed -- --
Grant Deed $370,000 Stewart Title
Interfamily Deed Transfer -- United Title Company
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $40,000 Construction
Previous Owner $0 Credit Line Revolving
Previous Owner $725,000 Commercial
Previous Owner $625,000 Negative Amortization
Previous Owner $450,000 Unknown
Previous Owner $333,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $1,650,000 +21.6% --
02/14/2025 02/14/25 Sold $1,357,000 +8.6% $633 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $1,250,000 -- $583 / Sq Ft
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 $8,951 $859,170 $510,444 $348,726
2023 $8,951 $825,810 $490,624 $335,186
2022 $8,637 $809,618 $481,004 $328,614
2021 $8,437 $793,744 $471,573 $322,171
2020 $8,350 $785,606 $466,738 $318,868
2019 $8,205 $770,203 $457,587 $312,616
2018 $8,065 $752,882 $465,984 $286,898
2017 $7,799 $738,121 $456,848 $281,273
2016 $7,663 $723,649 $447,891 $275,758
2015 $7,579 $712,780 $441,164 $271,616
2014 $7,456 $698,819 $432,523 $266,296
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1486

Santa Barbara Multiple Listing Service

APN: 025-022-004