$1,500,000
SOLD APR 9, 2025

330 E Figueroa St Santa Barbara, CA 93101

Laguna Neighborhood
-- Bed
-- Bath
2,750 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$545 Per Sq Ft

6% Below List Price

123 Days on Market

Highlights

  • Property is near park, public transit, schools, shops, and bus stop
  • Santa Barbara Senior High School Rated A-
  • Laundry Room

About This Home

As of April 2025

Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the
work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants. Three of the five units will be vacant at the COE.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 10/07/2024

Last Buyer's Agent

Ben Rivera

Home Realty & Investments License #01367001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Property is in average condition

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 5 Parking Spaces
  • Open Parking

Location

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

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 029-221-007
  • Seller Concessions Offered

Community Details

Overview

  • 5 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Operating Expense $46,246
  • Gross Income $163,680
  • Net Operating Income $114,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 163680.0
  • Capitalization Rate: 7.14
  • Gross Rent Multiplier: 9.78
  • Annual Expenses: 46246.0
  • Monthly Income: 13100.0
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 5.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • New Construction: No
  • Reso Property Condition: Fair, Poor
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 2750.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5227.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Condition Fair2: Yes
  • Condition Poor: Yes
  • IncomeExpenses NOI2: 114160
  • Status Information Seller Concessions3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.12

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Unc #5
  • Total Parking Spaces: 5.0

Schools

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

Lot Info

  • Parcel #: 029-221-007
  • Zoning: Other
  • Lot Size Sq Ft: 5227.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 163680.0
  • Annual Operating Expense: 46246.0
  • Total Actual Rent: 13100.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2025 04/09/25 Sold $1,500,000 -6.3% $545 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
10/07/2024 10/07/24 For Sale $1,600,000 -- $582 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2025

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    6 in this area

    85 Total Sales

    Christos Celmayster
    Section Image

  • B

    Buyer's Agent in 2025

    Ben Rivera

    Home Realty & Investments

    (805) 452-6447

    1 in this area

    29 Total Sales

    Ben Rivera
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3313

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Laguna

330 E Figueroa St, Santa Barbara, CA

Sold

MultiFamily

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