Susan Pate
Compass
(805) 617-1044
10 Total Sales
1 in Downtown Santa Barbara
$2,050,000 Price
21
Beds
--
Baths
8,434
Sq Ft
0.31
Acre Lot
Highlights
- Property is near an ocean
- Property is near public transit, shops, and bus stop
- Laundry Facilities
- San Marcos Senior High School Rated A-
About This Home
As of February 20236.82% Stabilized Cap Rate and $306,789 NOI.
Location, location, location.
With a WalkScore of 98, this is prime Santa Barbara real estate surrounded by shopping, restaurants, tourist attractions and situated perfectly between downtown and the ocean.
Value-add apartments mix of 12 Studios and a triplex on 509 Fig Ave, and a duplex on 514 Chapala St.
Ideal for value-add investor or developer, only 3 units are currently occupied by tenants; some units are already gutted.
***Please do not disturb the tenants or walk on property.*** Marketing Package is in the documents.
Last Agent to Sell the Property
Seth Dailey
Cooperation Capital Group, Inc License #02146131 Listed on: 12/15/2022
Co-Listed By
Brian Barrios
Cooperation Capital Group, Inc License #01379489
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 0.31
Home Design
- 8,434 Sq Ft Home
- Raised Foundation
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- Monroe Elementary School
- Lacumbre Middle School
- San Marcos High School
Additional Features
- Property is near an ocean
- Property is near public transit, shops, and bus stop
Listing and Financial Details
- Assessor Parcel Number 037-171-007
Community Details
Building Details
- Gross Income $457,200
- Net Operating Income $306,789
Additional Features
- 17 Units
- Laundry Facilities
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
Dec 15, 2022
Closed on
Jan 12, 2023
Sold by
Deborah S Thompson Trust
Bought by
Seller's Agent
Seth Dailey
Cooperation Capital Group, Inc
Buyer's Agent
Jon Standring
Beachside Partners
List Price
$4,500,000
Sold Price
$5,150,000
Premium/Discount to List
$650,000
14.44%
Views
62
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,347,500
Interest Rate
6.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 2009
Sold by
Thompson Deborah S
Bought by
Thompson Deborah S and Deborah S Thompson Trust
Purchase Details
Closed on
May 20, 1995
Sold by
Thompson Matilda A
Bought by
Thompson Matilda A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Santa Barbara, CA
-
Susan Pate
-
Colleen Beall
Colleen Beall
Compass
(805) 243-1083
31 Total Sales
1 in Downtown Santa Barbara
$1,860,000 Price
-
Mary Whitney
MW
Mary Whitney
Responds QuicklyBerkshire Hathaway HomeServices California Properties
(888) 617-2371
9 Total Sales
1 in Downtown Santa Barbara
$1,860,000 Price
-
Gary Goldberg
Gary Goldberg
Responds QuicklyCoastal Properties
(805) 617-1575
92 Total Sales
3 in Downtown Santa Barbara
$1,091,000 Price Range
-
Kendrick Guehr
Kendrick Guehr
Berkshire Hathaway HomeServices California Properties
(805) 618-1469
98 Total Sales
6 in Downtown Santa Barbara
$995K - $2M Price Range
-
Nicklas Svensson
Nicklas Svensson
Compass
(805) 401-0343
10 Total Sales
2 in Downtown Santa Barbara
$1.2M - $2.1M Price Range
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 |
|---|---|---|---|
| $5,150,000 | First American Title | ||
| Thompson Deborah S | -- | None Available | |
| Thompson Matilda A | -- | -- |
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 |
|---|---|---|---|
| Closed | $3,347,500 | ||
| Previous Owner | Thompson Matilda A | $70,000 |
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 |
|---|---|---|---|---|
| 02/17/2023 02/17/23 | Sold | $5,150,000 | +14.4% | $611 / Sq Ft |
| 12/29/2022 12/29/22 | Pending | -- | -- | -- |
| 12/15/2022 12/15/22 | For Sale | $4,500,000 | -- | $534 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
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 | $47,131 | $4,378,938 | $1,772,217 | $2,606,721 |
| 2025 | $46,377 | $4,182,510 | $1,737,468 | $2,445,042 |
| 2023 | $46,377 | $516,969 | $110,731 | $406,238 |
| 2022 | $5,424 | $506,833 | $108,560 | $398,273 |
| 2021 | $5,298 | $496,896 | $106,432 | $390,464 |
| 2020 | $5,243 | $491,802 | $105,341 | $386,461 |
| 2019 | $5,152 | $482,160 | $103,276 | $378,884 |
| 2018 | $5,079 | $472,706 | $101,251 | $371,455 |
| 2017 | $4,911 | $463,438 | $99,266 | $364,172 |
| 2016 | $4,860 | $454,352 | $97,320 | $357,032 |
| 2014 | $4,729 | $438,764 | $93,982 | $344,782 |
Source: Public Records
Agents Affiliated with this Home
-
SD
Seller's Agent in 2023
Seth Dailey
Cooperation Capital Group, Inc
-
BB
Seller Co-Listing Agent in 2023
Brian Barrios
Cooperation Capital Group, Inc
-
Jon Standring
Buyer's Agent in 2023
Jon Standring
Beachside Partners
(805) 705-7311
4 in this area
54 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 22-3942
APN: 037-171-007
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This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
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