NOT LISTED FOR SALE
-- Bed
1 Bath
6,325 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: November 2, 2022

Last sale price $5,750,000 $909 Per Sq Ft

19 Days on Market

About This Home

As of November 2022

Rare 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

Brian Delshad, Broker License #02128592 Listed on: 07/07/2022

Last Buyer's Agent

Brian Delshad

Brian Delshad, Broker License #02128592 Listed on: 07/07/2022

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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

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.32 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1962
  • Miscellaneous Parking Spaces: 15.0
  • Property Information Year Built2: 1962
  • Property Information Apx # Acres: 0.32
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.32

Garage/Parking

  • Total Parking Spaces: 15.0

Schools

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

Lot Info

  • Parcel #: 025-292-004
  • Zoning: R-4
  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 11

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
Jul 7, 2022
Closed on
Oct 20, 2022
Sold by
Bought by
Seller's Agent
Brian Delshad
Brian Delshad, Broker
Buyer's Agent
Brian Delshad
Brian Delshad, Broker
List Price
$5,750,000
Sold Price
$5,750,000

Purchase Details

Closed on
Apr 19, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,310,600
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,310,600
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,310,600
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.18%
Mortgage Type
Commercial
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
$3,676,000 First American Title
$2,150,000 Fidelity National Title Comp
-- None Available
-- None Available
-- None Available
-- Chicago Title Co
-- Chicago Title Co
-- --
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
Previous Owner $2,200,000
Previous Owner $2,000,000
Previous Owner $1,310,600
Previous Owner $1,200,000
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 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

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 $63,129 $5,738,000 $1,683,000 $4,055,000
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

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-2271

Santa Barbara Multiple Listing Service
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