$1,015,000
SOLD FEB 23, 2018
-- Bed
-- Bath
1,106 Sq Ft
784 Sq Ft Lot

Recently Sold

$918 Per Sq Ft

7% Below List Price

167 Days on Market

Highlights

  • Tile Flooring
  • 8 Car Garage
  • Property is in excellent condition
  • Central Air

About This Home

As of February 2018

Attractive fourplex with 4 APNs constructed and mapped as condominiums but have always been operated as apartments. Includes one 3Bed/1.75Bath unit and three 2Bed/1.5Bath units. Each unit features gas appliances, central heating, laundry hookups, private back patio, and a 2-car garage. The property is located in a park-like setting within a desirable residential neighborhood. Rents are below market with as much at 30% upside in rents with interior upgrades. New exterior Paint. Lots of opportunity with this property.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 06/06/2017

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,972

Year Built

  • Built in 1988

Lot Details

  • Property is in excellent condition

Parking

  • 8 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Flooring

  • Carpet
  • Tile
  • Vinyl

Schools

  • Cla Elementary And Middle School
  • Cla High School

Utilities

  • Central Air
  • Shared Gas Meter
  • Individual Gas Meter

Community Details

  • 4 Units
  • Gross Income $69,600

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 128-106-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,972

Year Built

Built in 1988

Lot Details

0

Parking

8

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1988
  • Income Expenses Annual Income: 69600.0
  • Gross Rent Multiplier: 15.30
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 10.0
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • Reso Flooring: Vinyl, Carpet, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1988
  • NeighborhoodSchools Elementary School: CLA
  • NeighborhoodSchools Junior High School: CLA
  • NeighborhoodSchools High School: CLA
  • Condo:Laundry in Unit: Yes
  • Parking Info Total # Unconvered Spaces: 2.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • HeatingCooling AC Central2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Parking Info Total # Garage Spaces2: 8.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Foundation Details: Slab

Garage/Parking

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

Schools

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

Lot Info

  • Parcel #: 128-106-001
  • Zoning: R-1

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 69600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2017
Sold by
Santa Barbara Trinity Investments Llc
Bought by
Wong Glenn
Current Estimated Value
$480,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.99%
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
Unknown

Purchase Details

Closed on
Aug 13, 2004
Sold by
Brockway Dennis P and Brockway Mavi A
Bought by
K E M Investments Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,015,000 First American Title Co
Grant Deed $1,793,500 Fidelity National Title Co
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $550,000 Commercial
Previous Owner $1,200,000 Commercial
Previous Owner $1,200,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $1,450,000 +42.9% $312 / Sq Ft
02/23/2018 02/23/18 Sold $1,015,000 -7.3% $918 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
06/06/2017 06/06/17 For Sale $1,095,000 -- $990 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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
2023 $2,972 $264,248 $60,149 $204,099
2022 $2,876 $259,068 $58,970 $200,098
2021 $2,801 $253,989 $57,814 $196,175
2020 $2,797 $251,386 $57,222 $194,164
2019 $2,765 $246,457 $56,100 $190,357
2018 $2,439 $215,636 $51,000 $164,636
2017 $1,607 $140,240 $31,330 $108,910
2016 $1,537 $137,491 $30,716 $106,775
2014 $1,444 $132,775 $29,663 $103,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-1859

Santa Barbara Multiple Listing Service

APN: 128-106-001