NOT LISTED FOR SALE

319 W Arrellaga St Santa Barbara, CA 93101

Oak Park Neighborhood

Estimated Value: $1,610,000 - $2,097,000

-- Bed
-- Bath
1,065 Sq Ft
$1,685/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $1,780,000 $1,671 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,856/month

89 Days on Market

Highlights

  • Deck
  • Property is near a park
  • Attached Garage
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • Patio

About This Home

As of February 2024

Welcome to the epitome of Santa Barbara living! Nestled in the heart of downtown, this meticulously remodeled duplex offers the perfect blend of historic charm and modern elegance. Boasting two detached living units with approved plans and permits in process for a third unit, this home offers turn-key income in addition to value-add potential in one of California's most coveted locations.

Appealing to both investors and homeowners seeking an income-generating retreat, this opportunity won't last long!

Last Agent to Sell the Property

Yann Beise

Berkshire Hathaway HomeServices California Properties License #02201281 Listed on: 09/26/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Cheylin Mackahan

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,957

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Raised Foundation

Interior Spaces

  • 1,065 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector
  • Stove

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Carport

Outdoor Features

  • Deck
  • Patio

Location

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

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 027-212-004

Community Details

Overview

  • 2 Units
  • 15 Or 20 Downtown Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,957

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1925
  • Monthly Income: 9395.0
  • ResoLaundryFeatures: In Unit, Other
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 15 or 20 - Downtown
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1925
  • Property Information Apx # Acres: 0.1
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Parking Info Carport2: Yes
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1065.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 4356.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • Parking Info Gar #24: Yes
  • HeatingCooling AC Central2: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Parking Info Attached6: Yes
  • Amenities Patio2: Yes
  • Foundation Raised2: Yes
  • HeatingCooling Ceiling Fan(s)3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.1
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Carport, Gar #2, Attached

Utilities

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

Schools

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

Lot Info

  • Parcel #: 027-212-004
  • Zoning: R-4
  • Lot Size Sq Ft: 4356.0

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 9395.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2023
Closed on
Jan 17, 2024
Sold by
Ross Orion
Bought by
Harvey Matthew and Tudor Emma
Seller's Agent
Yann Beise
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Cheylin Mackahan
Berkshire Hathaway HomeServices California Properties
List Price
$1,895,000
Sold Price
$1,780,000
Premium/Discount to List
-$115,000
-6.07%
Views
104
Current Estimated Value
$1,794,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,257
Avg. Annual Appreciation
-0.96%
Original Mortgage
$1,424,000
Outstanding Balance
$1,400,448
Interest Rate
6.66%
Mortgage Type
Construction
Estimated Equity
$354,037

Purchase Details

Listed on
Dec 5, 2022
Closed on
Jan 10, 2023
Sold by
Richard John Vasquez Living Trust
Bought by
Ross Orion
Seller's Agent
Izaiah Tilton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Izaiah Tilton
Berkshire Hathaway HomeServices California Properties
List Price
$1,400,000
Sold Price
$1,197,500
Premium/Discount to List
-$202,500
-14.46%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.39%
Original Mortgage
$1,017,875
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2019
Sold by
Vasquez Richard J and Richard J Vasquez Revocable Li
Bought by
Vasquez Richard John and The Richard John Vasquez Livin

Purchase Details

Closed on
Sep 3, 2003
Sold by
Vasquez Richard J
Bought by
Vasquez Richard J

Purchase Details

Closed on
Jul 25, 1995
Sold by
Vasquez Brigid
Bought by
Vasquez Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Harvey Matthew $1,780,000 Fidelity National Title Compan
Ross Orion $1,197,500 Chicago Title
Vasquez Richard John -- None Available
Vasquez Richard J -- --
Vasquez Richard J -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Matthew $1,424,000
Previous Owner Ross Orion $1,017,875
Previous Owner Vasquez Richard J $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $1,780,000 -2.5% $1,671 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
10/23/2023 10/23/23 Price Changed $1,826,000 -3.6% $1,715 / Sq Ft
09/20/2023 09/20/23 For Sale $1,895,000 +58.2% $1,779 / Sq Ft
02/07/2023 02/07/23 Sold $1,197,500 -14.5% $1,124 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $1,400,000 -- $1,315 / 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 $12,957 $1,815,600 $918,000 $897,600
2023 $12,957 $82,945 $28,244 $54,701
2022 $909 $81,320 $27,691 $53,629
2021 $886 $79,727 $27,149 $52,578
2020 $876 $78,910 $26,871 $52,039
2019 $861 $77,364 $26,345 $51,019
2018 $848 $75,848 $25,829 $50,019
2017 $820 $74,362 $25,323 $49,039
2016 $889 $72,905 $24,827 $48,078
2014 $867 $70,405 $23,976 $46,429
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2024

    Yann Beise

    Berkshire Hathaway HomeServices California Properties

    (949) 296-5222

    1 in this area

    2 Total Sales

    Yann Beise
    Section Image
  • Cheylin Mackahan

    Buyer's Agent in 2024

    Cheylin Mackahan

    Berkshire Hathaway HomeServices California Properties

    (805) 969-5026

    1 in this area

    12 Total Sales

    Cheylin Mackahan
    Section Image

  • I

    Seller's Agent in 2023

    Izaiah Tilton

    Berkshire Hathaway HomeServices California Properties

    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-2827

Santa Barbara Multiple Listing Service

APN: 027-212-004

California Santa Barbara County Santa Barbara 93101 Oak Park

319 W Arrellaga St, Santa Barbara, CA

This home is located at 319 W Arrellaga St, Santa Barbara, CA 93101 since 26 September 2023 and is currently estimated at $1,794,257, approximately $1,684 per square foot. This property was built in 1925. 319 W Arrellaga St 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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