NOT LISTED FOR SALE

Estimated Value: $1,547,000 - $2,000,000

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold March 18, 2024

Last sale price $1,469,250

Est. 16% increase in value since last sale

Current estimated payment $10,143/month

About This Home

As of March 2024

For statistical purposes only. One of two adjacent parcels being sold. Combined, there are two multi-unit parcels (with separate tax parcel numbers and addresses) comprising 7 total units with generous off-street parking that are being sold together. They are nestled between Santa Barbara and Montecito and close to the beach, shops, restaurants and the 101. Great for someone to add to an investment portfolio. Combined, they add up to a large half acre consisting of multiple buildings. This property, 46 Ocean View, has an upstairs/downstairs living arrangement in one building and then one older separate cottage. 44 Ocean View (the adjacent parcel) has an upstairs/downstairs living arrangement and then two older separate cottages. This is a package sale and would only be sold together.

Last Agent to Sell the Property

Kevin Hall

Compass License #01405675 / 00977616 Listed on: 03/19/2024

Compass

Last Buyer's Agent

Kevin Hall

Compass License #01405675 / 00977616 Listed on: 03/19/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,369

Year Built

  • Built in 1963

Lot Details

  • 0.25

Parking

  • 6 Parking Spaces
  • 6 Open Parking Spaces

Schools

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

Additional Features

  • Laundry in unit
  • Property is in average condition

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 015-271-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,369

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Monthly Income: 9900.0
  • ResoLaundryFeatures: In Unit
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1963
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Parking Info Total # Unconvered Spaces: 6.0
  • Condition Fair2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Unc #5

Schools

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

Lot Info

  • Parcel #: 015-271-020
  • Zoning: Other

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 9900.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2024
Sold by
Francis Sarguis Separate Property Trust and Charles A Kent Trust
Bought by
Ocean V Investors Llc
Current Estimated Value
$1,703,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2020
Sold by
Kent Charles A
Bought by
Kent Charles A and Snow Christina

Purchase Details

Closed on
Nov 18, 2016
Sold by
Sarguis Francis
Bought by
Sarguis Francis

Purchase Details

Closed on
Sep 15, 2003
Sold by
Kent Charles A and Kent Bonny L
Bought by
Kent Charles A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ocean V Investors Llc $1,469,500 First American Title
Ocean V Investors Llc $1,469,500 First American Title
Kent Charles A -- None Available
Sarguis Francis -- None Available
Kent Charles A -- Chicago Title Company
Sarguis Francis -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocean V Investors Llc $1,275,000
Previous Owner Kent Charles A $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2024 03/19/24 For Sale $1,440,000 -2.0% --
03/18/2024 03/18/24 Sold $1,469,250 -- --
03/18/2024 03/18/24 Pending -- -- --
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
2025 $10,369 $1,498,635 $841,500 $657,135
2023 $10,369 $957,402 $477,795 $479,607
2022 $2,801 $259,623 $128,040 $131,583
2021 $2,734 $254,533 $125,530 $129,003
2020 $2,706 $251,924 $124,243 $127,681
2019 $2,659 $246,985 $121,807 $125,178
2018 $2,621 $242,143 $119,419 $122,724
2017 $2,534 $237,396 $117,078 $120,318
2016 $2,553 $232,742 $114,783 $117,959
2014 $2,486 $224,758 $110,845 $113,913
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-841

Santa Barbara Multiple Listing Service

APN: 015-271-020