NOT LISTED FOR SALE

487 Whitman St Unit A, B, C And D Goleta, CA 93117

Estimated Value: $2,097,000 - $2,374,290

-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $2,100,000

Est. 8% increase in value since last sale

Current estimated payment $14,630/month

8 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Room
  • Isla Vista Elementary School Rated A
  • 4 Car Attached Garage
  • Tile Flooring

About This Home

As of November 2022

VALUE-ADD POTENTIAL! Discover this incredible 4-unit apartment building in a prime Goleta location offering three 2-bedroom units, & one 1-bedroom unit, each with covered parking. Existing long term tenants offer strong, stable income and a high demand for rentals in the area makes for attractive rental upside. There is also a recorded condo map, offering the potential to finalize the condo conversion & later sell individual units at a profit. The units are light and bright with multiple units offering laminate wood flooring, wood-beam ceilings, & private patios/yards. With an ideal location just minutes away from UCSB, Girsh park, hiking trails, the shopping, dining & entertainment at the Camino Marketplace, and the beach, don't miss this investment opportunity!

Last Listed By

Zia Group

eXp Realty of California, Inc. License #01710544 Listed on: 11/02/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,184

Year Built

  • Built in 1968

Lot Details

  • 8,276 Sq Ft Lot
  • Back Yard Fenced
  • Property is in excellent condition

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Parking

  • 4 Car Attached Garage
  • 4 Carport Spaces

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Additional Features

  • Laundry Room
  • Property is near an ocean

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 073-200-028

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $111,000
  • Net Operating Income $69

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,184

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1968
  • Income Expenses Annual Income: 111000.0
  • Capitalization Rate: 3.5%
  • Gross Rent Multiplier: 18
  • Monthly Income: 9250.0
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: Laundry Room, Bldg
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: Other
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Tile, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1968
  • Property Information Apx # Acres: 0.19
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 4.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • Amenities Fncd Back: Yes
  • Parking Info Attached6: Yes
  • Parking Info Cpt #43: Yes
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: $69,220
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.19
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport, Cpt #4, Attached
  • Total Parking Spaces: 4.0

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 073-200-028
  • Zoning: Other
  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 111000.0
  • Total Actual Rent: 9250.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Weidl Lorenz F and Weidl Donna
Bought by
Weidl Family Trust and Weidl
Total Days on Market
8
Current Estimated Value
$2,264,430

Purchase Details

Listed on
Nov 2, 2022
Closed on
Nov 23, 2022
Sold by
Thomas Donna A
Bought by
Donna A Thomas Living Trust
Seller's Agent
Zia Group
eXp Realty of California, Inc.
Buyer's Agent
Michael Gilson
Michael Gilson Realty
List Price
$1,995,000
Sold Price
$2,100,000
Premium/Discount to List
$105,000
5.26%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%

Purchase Details

Listed on
Nov 2, 2022
Closed on
Nov 21, 2022
Sold by
Donna A Thomas Living Trust
Bought by
Weidl Lorenz F and Weidl Donna
Seller's Agent
Zia Group
eXp Realty of California, Inc.
Buyer's Agent
Michael Gilson
Michael Gilson Realty
List Price
$1,995,000
Sold Price
$2,100,000
Premium/Discount to List
$105,000
5.26%
Views
5

Range of Values:

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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
Weidl Family Trust -- None Listed On Document
Weidl Lorenz F $2,100,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weidl Lorenz F $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $2,100,000 +5.3% --
11/10/2022 11/10/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $1,995,000 -- --
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 $24,184 $2,100,000 $975,000 $1,125,000
2022 $5,160 $373,488 $106,700 $266,788
2021 $5,089 $366,165 $104,608 $261,557
2020 $4,981 $362,412 $103,536 $258,876
2019 $4,908 $355,306 $101,506 $253,800
2018 $4,834 $348,340 $99,516 $248,824
2017 $4,772 $341,511 $97,565 $243,946
2016 $4,619 $334,815 $95,652 $239,163
2014 $4,364 $323,328 $92,371 $230,957
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2022

    Zia Group

    eXp Realty of California, Inc.

  • M

    Buyer's Agent in 2022

    Michael Gilson

    Michael Gilson Realty

    2 in this area

    8 Total Sales

    Michael Gilson
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-3612

Santa Barbara Multiple Listing Service

APN: 073-200-028

California Santa Barbara County Goleta 93117

487 Whitman St Unit A, B, C And D, Goleta, CA

Homes for Sale in Goleta, CA

This home is located at 487 Whitman St Unit A, B, C And D, Goleta, CA 93117 since 02 November 2022 and is currently estimated at $2,264,430. This property was built in 1968. 487 Whitman St Unit A, B, C And D is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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