NOT LISTED FOR SALE

Estimated Value: $1,459,126

2 Beds
1 Bath
912 Sq Ft
$1,600/Sq Ft Est. Value

Sale Details

Date Sold: April 3, 2024

Last sale price $1,285,199 $1,409 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,903 / mo

About This Home

As of April 2024

Prime West Beach 7-Unit property on separate parcels (306 & 310 Ladera Street). This versatile property includes a 5-plex and a duplex with ample value-add upside potential from excess land to build an ADU adding more units or visualize a full development project between the two
parcels. Preliminary city consultation suggests feasibility of building approximately 11 units on 306 Ladera St. Excellent unit mix with (5) 2BD/1BA's and (2) studios walking distance to the beach, Santa Barbara City College, the Funk Zone, Downtown, and Santa Barbara's iconic Stearn's Wharf.
Contact Listing Agents for further details.

Last Agent to Sell the Property

Austin Herlihy

Radius Group Commercial R.E. Listed on: 04/03/2024

Co-Listed By

Chris Parker

Radius Group Commercial R.E.

Last Buyer's Agent

Mike Richardson

Richardson Real Estate Services, Inc. License #00635254 / 01902531

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.26

Schools

  • Mckinley Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 037-222-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.26 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Elementary School: McKinley
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 037-222-019
  • Zoning: R-4

Multi Family

  • Number Of Units Total: 2

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
Apr 3, 2024
Closed on
Feb 13, 2024
Sold by
Bought by
Seller's Agent
Austin Herlihy
Radius Group Commercial R.E.
Buyer's Agent
Mike Richardson
Richardson Real Estate Services, Inc.
List Price
$1,250,000
Sold Price
$1,285,199
Premium/Discount to List
$35,199
2.82%
Views
34
Current Estimated Value
$1,459,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,927
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,028,159
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2019
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 1994
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 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

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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
$1,287,500 Fidelity National Title Compan
$876,000 Fidelity National Title Co
-- None Available
-- --
$170,000 Santa Barbara Title Company
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 $1,160,000
Closed $1,028,159
Previous Owner $123,500
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
04/03/2024 04/03/24 Sold $1,285,199 +2.8% $1,409 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $1,250,000 -- $1,371 / Sq Ft
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 $13,909 $1,339,200 $1,295,504 $43,696
2025 $13,909 $1,312,942 $1,270,102 $42,840
2023 $9,972 $920,830 $683,265 $237,565
2022 $9,622 $902,775 $669,868 $232,907
2021 $9,401 $885,075 $656,734 $228,341
2020 $9,304 $876,000 $650,000 $226,000
2019 $2,751 $255,956 $225,855 $30,101
2018 $2,712 $250,938 $221,427 $29,511
2017 $2,622 $246,019 $217,086 $28,933
2016 $2,639 $241,196 $212,830 $28,366
2015 $2,610 $237,574 $209,634 $27,940
2014 -- $232,921 $205,528 $27,393
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1007

Santa Barbara Multiple Listing Service

APN: 037-222-019

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