NOT LISTED FOR SALE

401 Tiffany Dr Santa Maria, CA 93454

Northeast Santa Maria Neighborhood

Estimated Value: $417,000 - $1,522,000

3 Beds
2 Baths
1,328 Sq Ft
$832/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $1,028,000 $774 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,187/month

83 Days on Market

Highlights

  • Patio
  • 8 Car Garage
  • Property is in excellent condition
  • Tile Flooring

About This Home

As of August 2020

Attractive fourplex, with 4 APNs, constructed and mapped as condominiums but have always been operated as apartments townhomes. Unit mix is (1) 3Bed/1.75Bath unit and (3) 2Bed/1.5Bath units. Each unit features gas appliances, central heating, laundry hookups, private back patio, and a 2-car garage. All are separately metered for electricity, gas, and water. The property is located in a park-like setting within a desirable residential neighborhood. Newer roof and exterior paint.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 04/01/2020

Last Buyer's Agent

Nick Henry

Beachside Partners License #01748131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 2,179 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 8 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

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

Additional Features

  • Laundry in unit
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 128-102-001

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $27,641
  • Gross Income $77,640
  • Net Operating Income $48,446

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

2,179 Sq Ft Lot

Parking

8

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1987
  • Income Expenses Annual Income: 77640.0
  • Capitalization Rate: 4.4
  • Gross Rent Multiplier: 14.3
  • Annual Expenses: 27641.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 10.0
  • ResoLaundryFeatures: In Unit
  • Reso Flooring: Vinyl, Carpet, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1987
  • Property Information Apx # Acres: 0.05
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 2.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Apx Lot SqFt: 2179.0
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Garages: Yes
  • Amenities Patio2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • IncomeExpenses NOI2: 48446
  • HeatingCooling AC None2: Yes
  • Parking Info Total # Garage Spaces2: 8.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.05
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 8.0
  • Open Parking Spaces: 2.0
  • Parking Features: Garages, Uncovered
  • Total Parking Spaces: 10.0

Schools

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

Lot Info

  • Parcel #: 128-102-001
  • Zoning: R-1
  • Lot Size Sq Ft: 2179.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 77640.0
  • Annual Operating Expense: 27641.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2022
Sold by
Concepcion Christian Concepcion
Bought by
Christian Ian Concepcion Trust
Current Estimated Value
$1,105,333

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jul 6, 2020
Sold by
Santa Barbara Trinity Investments Llc
Bought by
Concepcion Christian
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Nick Henry
Beachside Partners
List Price
$1,125,000
Sold Price
$1,028,000
Premium/Discount to List
-$97,000
-8.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.29%
Original Mortgage
$719,600
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2017
Sold by
Kem Investments Llc
Bought by
Santa Barbara Trinity Investments Llc

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
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2004
Sold by
Simas Arthur L and Simas Elaine M
Bought by
K E M Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Christian Ian Concepcion Trust -- --
Concepcion Christian $1,028,000 First American Title Company
Santa Barbara Trinity Investments Llc $1,793,500 Fidelity National Title Co
K E M Investments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Concepcion Christian $719,600
Previous Owner Santa Barbara Trinity Investments Llc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $1,028,000 -8.6% $774 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $1,125,000 -- $847 / Sq Ft
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 $3,364 $311,739 $64,945 $246,794
2023 $3,364 $299,635 $62,424 $237,211
2022 $3,257 $293,760 $61,200 $232,560
2021 $3,172 $288,000 $60,000 $228,000
2020 $2,994 $269,377 $53,060 $216,317
2019 $2,960 $264,096 $52,020 $212,076
2018 $2,923 $258,918 $51,000 $207,918
2017 $1,757 $153,356 $49,466 $103,890
2016 $1,681 $150,350 $48,497 $101,853
2014 $1,579 $145,193 $46,834 $98,359
Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2020

    Steve Battaglia

    Battaglia Commercial Real Esta

    (805) 688-5333

    1 in this area

    75 Total Sales

    Steve Battaglia
    Section Image
  • Nick Henry

    Buyer's Agent in 2020

    Nick Henry

    Beachside Partners

    (805) 705-7311

    1 in this area

    60 Total Sales

    Nick Henry
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1194

Santa Barbara Multiple Listing Service

APN: 128-102-001

California Santa Barbara County Santa Maria 93454 Northeast Santa Maria

401 Tiffany Dr, Santa Maria, CA

Not Listed for Sale

MultiFamily

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