Seller's Agent in 2022
Brian Delshad
Brian Delshad, Broker
(805) 500-6362
1 in this area
5 Total Sales
321 W Padre St Santa Barbara, CA 93105
Oak Park Neighborhood
--
Bed
1
Bath
6,325
Sq Ft
13,939
Sq Ft Lot
About This Home
As of November 2022Rare opportunity to acquire a turnkey asset of this size in an attractive Santa Barbara location near Cottage Hospital. This two-story building consists of one (1) 2 bed 1 bath unit and ten (10) 1 bedroom 1 bath unit. Property also has convenient onsite parking for tenants and common laundry room. Great neighborhood near parks, shopping, easy freeway access and more. The lower level apartments have private garden areas. Plenty of upside in income and low carrying costs. Currently, the property is being operated as 12 units with one studio unit being non-conforming. Possibility of assuming current mortgage of $2.09mm at 4.28%. RECENT UPDATES: Seismic retrofit, freshly painted exterior, updated/drought resistant landscaping, and new digital laundry machines.
Last Agent to Sell the Property
Brian Delshad, Broker License #02128592 Listed on: 07/07/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 13,939 Sq Ft Lot
Parking
- 15 Parking Spaces
Schools
- Peabody Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Community Details
- 11 Units
Listing and Financial Details
- Assessor Parcel Number 025-292-004
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/02/2022 11/02/22 | Sold | $5,750,000 | 0.0% | $909 / Sq Ft | |
| 07/26/2022 07/26/22 | Pending | -- | -- | -- | |
| 07/06/2022 07/06/22 | For Sale | $5,750,000 | +167.4% | $909 / Sq Ft | |
| 07/19/2013 07/19/13 | Sold | $2,150,000 | -- | $340 / Sq Ft | View Prior Sale |
Source: Santa Barbara Multiple Listing Service
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 | $62,051 | $5,982,300 | $1,560,600 | $4,421,700 |
| 2023 | $62,051 | $5,750,000 | $1,500,000 | $4,250,000 |
| 2022 | $26,410 | $2,482,729 | $1,299,550 | $1,183,179 |
| 2021 | $25,806 | $2,434,157 | $1,274,069 | $1,160,088 |
| 2020 | $25,540 | $2,409,255 | $1,261,005 | $1,148,250 |
| 2019 | $25,097 | $2,362,124 | $1,236,280 | $1,125,844 |
| 2018 | $24,743 | $2,315,917 | $1,212,040 | $1,103,877 |
| 2017 | $23,928 | $2,270,616 | $1,188,275 | $1,082,341 |
| 2016 | $23,319 | $2,226,203 | $1,164,976 | $1,061,227 |
| 2014 | $22,686 | $2,150,000 | $1,125,000 | $1,025,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Delshad
-
Steve Golis
Buyer Co-Listing Agent in 2022
Steve Golis
Radius Group Commercial R.E.
(805) 879-9624
19 in this area
89 Total Sales
-
Steve Battaglia
Seller's Agent in 2013
Steve Battaglia
Battaglia Commercial RE
(805) 688-5333
1 in this area
75 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 22-2271
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