NOT LISTED FOR SALE

316 W Micheltorena Santa Barbara, CA 93101

Oak Park Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.62 Acres

Last Sold September 03, 2014

Last sale price $3,425,000

17 Days on Market

Highlights

  • 0.62 Acre Lot
  • Property is near public transit
  • Detached Garage
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • Laundry Room

About This Home

As of September 2014

Victorian 12-plex. Classic property. Lrge multifam, 12 units, 3 seprt bldngs. Ample prkng, carports. High ceilings. Old world charm, great location Downtown. Each unit unique. Sep. metered electric/most gas. Great privacy, central crtyard, fenced. Tremendous pride of ownership Victorian. Lots of light/tall windows. Washer/dryer on site. Below Mkt Rents! Do Not Ditrb Tenants!

Last Agent to Sell the Property

Stephen Downarowicz

Harbor View Real Estate and Investments Listed on: 07/15/2014

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.62 Acre Lot
  • Property is in good condition

Home Design

  • Raised Foundation

Flooring

  • Wood
  • Carpet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Carport

Location

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

Schools

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

Utilities

  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 027-212-026

Community Details

Overview

  • 12 Units

Building Details

  • New Taxes Expense $12,000
  • Gross Income $217,680
  • Net Operating Income $134,292

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1900
  • Income Expenses Annual Income: 217680.0
  • Capitalization Rate: 4
  • Gross Rent Multiplier: 15.6
  • Monthly Income: 18140.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Fire Alarm, Smoke Detector(s)
  • Reso Flooring: Carpet, Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1900
  • Property Information Apx # Acres: 0.62
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Carport2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Security Fire Alarm2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Parking Info Detached3: Yes
  • Foundation Raised2: Yes
  • IncomeExpenses Taxes6: 12000.0
  • IncomeExpenses NOI2: 134,292.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.62
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Carport, Mixed, Detached

Schools

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

Lot Info

  • Parcel #: 027-212-026
  • Zoning: Other
  • Lot Size Sq Ft: 27007.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 217680.0
  • Total Actual Rent: 18140.0

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
09/03/2014 09/03/14 Sold $3,425,000 +1.8% --
08/01/2014 08/01/14 Pending -- -- --
07/15/2014 07/15/14 For Sale $3,365,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Stephen Downarowicz

    Harbor View Real Estate and Investments

  • Christos Celmayster

    Buyer's Agent in 2014

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    15 in this area

    85 Total Sales

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-2234

Santa Barbara Multiple Listing Service

California Santa Barbara County Santa Barbara 93101 Oak Park

316 W Micheltorena, Santa Barbara, CA

This home is located at 316 W Micheltorena, Santa Barbara, CA 93101 since 15 July 2014. This property was built in 1900. 316 W Micheltorena is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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