$2,000,000
SOLD OCT 20, 2023

462 Linfield Place Unit A Goleta, CA 93117

3 Beds
2 Baths
4,000 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$500 Per Sq Ft

7% Below List Price

21 Days on Market

Highlights

  • Laundry Room
  • Isla Vista Elementary School Rated A
  • 4-minute walk to Girsh Park

About This Home

As of October 2023

Well-located 4-plex near UCSB campus and Goleta’s Camino Real Marketplace with its popular restaurants, movie theater, and shops. It’s also just a block from Girsch Park’s playground, baseball fields, basketball court, and soccer field, making this a very desirable rental location for students, singles, families, and other potential tenants. The 4-plex consists of (3) spacious 2Bed/1Bath units and (1) 1Bed/1Bath nestled on a cul-de-sac just off Storke Rd. Unit A has a fireplace, and Units A & B enjoy large private patios. The property also features both covered and uncovered parking at the rear of property plus an onsite laundry room. This is an asset that would complement any portfolio.

Last Agent to Sell the Property

Steve Battaglia

Steven Battaglia, Broker License #01318215 Listed on: 08/31/2023

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway Home Services License #01245644

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,696

Year Built

  • Built in 1972

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 10822
  • Assessor Parcel Number 073200021

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • Electric Expense $8,500
  • Insurance Expense $3,500
  • Operating Expense $48,965
  • Gross Income $122,400
  • Net Operating Income $69,768

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,696

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Price Per Unit: 537500
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 073200021
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 500.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Electric Expense: 8500.00
  • Gross Income: 122400.00
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 69768.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 48965.00
  • Rent Control: Yes
  • Total Expenses: 48965.00

Tax Info

  • Tax Census Tract: 29.37
  • Tax Lot: 3
  • Tax Tract Number: 10822

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Oct 25, 2023
Sold by
Cale Family Trust
Bought by
Cassava Llc
Seller's Agent
Steve Battaglia
Steven Battaglia, Broker
Buyer's Agent
Ken Switzer
Berkshire Hathaway Home Services
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Views
52
Current Estimated Value
$2,304,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,793
Avg. Annual Appreciation
6.42%

Purchase Details

Listed on
Aug 31, 2023
Closed on
Sep 26, 2023
Sold by
North Star Management
Bought by
Cale Family Trust and Cale
Seller's Agent
Steve Battaglia
Steven Battaglia, Broker
Buyer's Agent
Ken Switzer
Berkshire Hathaway Home Services
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Views
52

Purchase Details

Closed on
Jan 17, 2017
Sold by
Hatchell Deborah M
Bought by
North Star Management Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2016
Sold by
Sullivan James Robert
Bought by
Hatchell Deborah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 12, 2016
Sold by
Beckwith Howard F and Beckwith Linda Kay
Bought by
Hatchell Deborah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 7, 2011
Sold by
Beckwith Linda K
Bought by
Beckwith Forrest Howard and Beckwith Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2005
Sold by
Beckwith F Howard and Beckwith Linda Kay
Bought by
Beckwith Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2002
Sold by
Beckwith Linda K
Bought by
Beckwith F Howard and Beckwith Linda Kay

Purchase Details

Closed on
Dec 26, 2001
Sold by
Beckwith Linda K
Bought by
Linda K Beckwith Revocable Living Trust and Beckwith Linda K

Purchase Details

Closed on
Oct 26, 2001
Sold by
Beckwith Forrest Howard
Bought by
Beckwith Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.84%

Purchase Details

Closed on
Feb 3, 2000
Sold by
Liv Tr 6-5-94 Kreider Mary E Trustee, Kreider
Bought by
Kreider Mary E

Purchase Details

Closed on
Oct 14, 1994
Sold by
Kreider Mary E
Bought by
Kreider Mary E
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 Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $2,000,000 First American Title
Grant Deed $1,750,000 Wfg National Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $325,000 Purchase Money Mortgage
Previous Owner $380,000 Future Advance Clause Open End Mortgage
Previous Owner $180,000 New Conventional
Previous Owner $140,000 New Conventional
Previous Owner $125,000 New Conventional
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Rented $3,700 +15.6% --
04/03/2024 04/03/24 Price Changed $3,200 -13.5% $3 / Sq Ft
04/03/2024 04/03/24 For Rent $3,700 0.0% --
10/20/2023 10/20/23 Sold $2,000,000 -7.0% $500 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $2,150,000 -- $538 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,696 $1,952,153 $948,188 $1,003,965
2022 $21,400 $1,913,877 $929,597 $984,280
2021 $21,058 $1,876,351 $911,370 $964,981
2020 $20,514 $1,857,113 $902,026 $955,087
2019 $20,150 $1,820,700 $884,340 $936,360
2018 $19,784 $1,785,000 $867,000 $918,000
2017 $3,782 $246,664 $58,514 $188,150
2016 $3,658 $241,828 $57,367 $184,461
2015 $3,545 $238,197 $56,506 $181,691
2014 $3,356 $233,532 $55,400 $178,132
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23162920

California Regional Multiple Listing Service (CRMLS)

APN: 073-200-021