NOT LISTED FOR SALE
26 Beds
26 Baths
14,040 Sq Ft
1.63 Acre Lot

Sale Details

Date Sold: August 26, 2015

Last sale price $5,200,000 $370 Per Sq Ft

107 Days on Market

Highlights

  • 1.63 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities
  • Vieja Valley Elementary School Rated A
  • Garage

About This Home

As of August 2015

Fantastic income property in the Hope Ranch Annex area. First time on the market since constructed! Must-see property! 13 townhouses, all 2 story, 2Bed/1.5Bath, nearly 1,100 SF ea. All feature private patios w/ new vinyl fencing & newer kitchen appliances incl dishwashers. Attractive floorplans; 9 units with fireplaces. 8 units built in 1991; 5 units in 1975. Property has new roofs, front doors, exterior lighting. Driveway recently resurfaced. Each unit has detached garage/w storage. 17 off-street parking. 4 units recently upgraded, getting over $2100/mo in rent. Sep metered for water, electric, & gas. Large 1.625 acre lot, which incl approx 1/3 acre excess land. Current zoning DR-8; underlying comprehensive zoning DR-12.3, which allows for 12.3 units/acre. Owner working with County to upz

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial RE License #01318215 Listed on: 05/11/2015

Last Buyer's Agent

Non member Out of Town

SY Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 1.63 Acre Lot

Parking

  • Garage

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 14,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 26 Bedrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter

Community Details

  • Laundry Facilities
  • Operating Expense $106,000

Listing and Financial Details

  • Security Deposit $100,000
  • Tenant pays for electricity, gas, water
  • The owner pays for gardener, taxes, trash collection
  • Assessor Parcel Number 061-092-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

1.63 Acres

Listing Details

  • FILLACRES: 1.63
  • ApproxYrBlt: 1991
  • Directions To Property: North: Hwy 101 S to State St exit CA-154. RT on State St, becomes Hollister Ave. LT onto Modoc Rd. 0.2 mi on LT. From South: Hwy 101 N to State St exit. LT onto State, 1.1 mile then LT onto Modoc.
  • Listing Member Name: Steven R Battaglia
  • Listing Office Short Id: 201000376
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 70785.00
  • Major Area: 99 - Out of Area
  • Open House Office I D: 20170308161134642206000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 2822
  • Selling Office Short Id: 201000042
  • Building Stories: 2
  • Tract Suffix: Road
  • OFFICELIST_ZIP4: 1829
  • Unit Levels: Two
  • Income And Expenses Annual Operating Exp: 106000.00
  • Income And Expenses Cap Rate: 3.53
  • Landlord Pays: Gardener, Taxes, Trash Collection
  • Special Features: None
  • Stories: 2
  • Year Built: 1991

Interior Features

  • Lower Floor 1 Half Bathrooms: 13
  • Total Bathrooms: 26.00
  • Total Bedrooms: 26
  • Laundry: Common, Laundry Eq/Own

Exterior Features

  • Exterior: Stucco
  • Foundation: Slab
  • Roof: Flat

Garage/Parking

  • Parking: 26 - 50, Garage

Utilities

  • Air Conditioner: None
  • Heating: Forced Air, Wall Furnace
  • Separate Meters: Electric, Gas, Water

Lot Info

  • Zoning Description: Other, See Remarks

Rental Info

  • Deposit: 100000.00
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Assessor Parcel Number: 061-092-017

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
May 11, 2015
Closed on
Jul 23, 2015
Sold by
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial RE
Buyer's Agent
Non member Out of Town
SY Non Member
Sold Price
$5,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
0.0405%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$5,200,000 First American Title Company
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
Open $2,500,000
Closed $2,600,000
Previous Owner $550,000
Previous Owner $100,000
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
08/26/2015 08/26/15 Sold $5,200,000 -- $370 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $72,432 $6,278,855 $4,226,154 $2,052,701
2025 $71,127 $6,155,741 $4,143,289 $2,012,452
2023 $71,127 $5,916,708 $3,982,401 $1,934,307
2022 $68,825 $5,800,695 $3,904,315 $1,896,380
2021 $66,560 $5,686,957 $3,827,760 $1,859,197
2020 $65,917 $5,628,646 $3,788,512 $1,840,134
2019 $64,140 $5,518,281 $3,714,228 $1,804,053
2018 $62,778 $5,410,080 $3,641,400 $1,768,680
2017 $61,589 $5,304,000 $3,570,000 $1,734,000
2016 $59,338 $585,686 $74,330 $511,356
2015 $11,361 $576,889 $73,214 $503,675
2014 $11,551 $565,589 $71,780 $493,809
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 1054855

North Santa Barbara County Regional MLS
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