NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: August 25, 2025

Last sale price $2,300,000

85 Days on Market

Highlights

  • Property is near park, public transit, schools, shops, and bus stop
  • Solvang Elementary School Rated A
  • Laundry Room

About This Home

As of August 2025

This is a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40 percent upside in rents, this property offers the prudent investor lots of upside opportunity.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 04/08/2025

Last Buyer's Agent

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 04/08/2025

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 8,712

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • On-Street Parking

Additional Features

  • 8,712 Sq Ft Lot
  • Property is near park, public transit, schools, shops, and bus stop

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 139-200-012
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1971
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Miscellaneous Parking Spaces: 10.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Property Information Year Built2: 1971
  • Property Information Apx # Acres: 0.2
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 10.0
  • Foundation:Slab: 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: 8712.0
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.2
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 10.0
  • Parking Features: Uncovered, Street
  • Total Parking Spaces: 10.0

Schools

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

Lot Info

  • Parcel #: 139-200-012
  • Zoning: Other
  • Lot Size Sq Ft: 8712.0

Multi Family

  • Number Of Units Total: 10

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 8, 2025
Closed on
Aug 19, 2025
Sold by
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Steve Battaglia
Battaglia Commercial Real Esta
List Price
$2,900,000
Sold Price
$2,300,000
Premium/Discount to List
-$600,000
-20.69%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$693,142
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2025
Closed on
Aug 4, 2025
Sold by
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Steve Battaglia
Battaglia Commercial Real Esta
List Price
$2,900,000
Sold Price
$2,300,000
Premium/Discount to List
-$600,000
-20.69%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$693,142
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2019
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 2003
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
-- Chicago Title Company
$2,300,000 Chicago Title Company
-- None Available
-- None Available
-- --
-- --
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 $700,000
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
08/25/2025 08/25/25 Sold $2,300,000 -20.7% --
07/02/2025 07/02/25 Pending -- -- --
04/08/2025 04/08/25 For Sale $2,900,000 -- --
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 $30,088 $2,300,000 $600,000 $1,700,000
2025 $2,300 $2,805,000 $765,000 $2,040,000
2023 $2,300 $210,386 $29,897 $180,489
2022 $2,221 $206,261 $29,311 $176,950
2021 $2,181 $202,218 $28,737 $173,481
2020 $2,150 $200,146 $28,443 $171,703
2019 $2,107 $196,223 $27,886 $168,337
2018 $2,069 $192,377 $27,340 $165,037
2017 $2,034 $188,605 $26,804 $161,801
2016 $1,967 $184,908 $26,279 $158,629
2015 $1,923 $182,132 $25,885 $156,247
2014 $1,885 $178,565 $25,378 $153,187
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-1369

Santa Barbara Multiple Listing Service
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