NOT LISTED FOR SALE
16 Beds
10 Baths
-- Sq Ft
0.5 Acres Lot

Sale Details

Date Sold: September 10, 2013

Last sale price $1,050,000

3 Days on Market

Highlights

  • 0.5 Acre Lot
  • Laundry Room
  • Heating Available
  • Wood Flooring
  • Garage

About This Home

As of September 2013

10 units on half-acre in pleasant neighborhood of Santa Maria. 7 detached cottages, 1 house, & 1 duplex. Most units have wood floors with tile in kitchens & baths. Property includes courtyard, separate laundry room, & 12 garages. Large corner lot with alley access off of N Miller St. Close to Vons grocery, local restaurants, schools & Santa Maria Town Center. This is a solid cash flowing property.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 06/25/2013

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.5

Parking

  • Garage

Home Design

  • Raised Foundation

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Individual Gas Meter

Additional Features

  • Stove
  • Laundry Room
  • 21,780 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 121-231-010

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $44,720
  • Gross Income $109,269

Property Details

Home Type

Multi-Family

Lot Details

0.5 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 109269.0
  • Capitalization Rate: 5.49
  • Gross Rent Multiplier: 10.72
  • Annual Expenses: 44720.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • ResoLaundryFeatures: Laundry Room
  • Subdivision Name: Other
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Apx Lot SqFt: 21780.0
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Foundation Raised2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.5
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Garages

Utilities

  • Heating: Other, Floor
  • HeatingYN: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 121-231-010
  • Zoning: Other
  • Lot Size Sq Ft: 21780.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 109269.0
  • Annual Operating Expense: 44720.0
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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
09/10/2013 09/10/13 Sold $1,050,000 -10.6% --
06/28/2013 06/28/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $1,175,000 -- --
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 $13,885 $1,287,145 $398,399 $888,746
2023 $13,885 $1,237,166 $382,930 $854,236
2022 $13,425 $1,212,909 $375,422 $837,487
2021 $13,072 $1,189,127 $368,061 $821,066
2020 $13,055 $1,176,934 $364,287 $812,647
2019 $12,908 $1,153,858 $357,145 $796,713
2018 $12,746 $1,131,235 $350,143 $781,092
2017 $12,606 $1,109,055 $343,278 $765,777
2016 $12,059 $1,087,310 $336,548 $750,762
2014 $11,324 $1,050,000 $325,000 $725,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-2052

Santa Barbara Multiple Listing Service
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