NOT LISTED FOR SALE

Estimated Value: $1,938,000 - $2,195,153

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold September 21, 2016

Last sale price $4,000,000

Est. 48% decrease in value since last sale

Current estimated payment $12,639/month

67 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • 6 Car Garage

About This Home

As of September 2016

Rare Multi-Family offering. Consisting of 12 units on three adjacent parcels extensively upgraded over the last 18 months. Three single level buildings: 4Plex & Triplex which offer residential financing or with the 5Plex you can wrap a commercial loan on all (3) properties. This trophy property is located in a great neighborhood in Santa Barbara Proper near everything SB has to offer.

Last Agent to Sell the Property

Malante Hayworth

Harbor View Real Estate and Investments Listed on: 08/03/2016

Co-Listed By

Adam Pirozzi

Harbor View Real Estate and Investments License #01408658

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,478

Year Built

  • Built in 1955

Lot Details

  • Back Yard Fenced
  • Property is in excellent condition

Parking

  • 6 Car Garage
  • 6 Carport Spaces
  • On-Street Parking
  • 5 Open Parking Spaces

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Stove

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

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

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Shared Gas Meter
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 029-180-007

Community Details

Overview

  • 12 Units
  • 15 Or 20 Downtown Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,478

Year Built

Built in 1955

Lot Details

0

Parking

6

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1955
  • Monthly Income: 22550.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Building Stories: 1
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: harbor
  • Co List Office Phone: 805-637-3855
  • Subdivision Name: 15 or 20 - Downtown
  • Carport Y N: Yes
  • Reso Flooring: Vinyl, Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1955
  • NeighborhoodSchools Elementary School: CLA
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 6.0
  • Parking Info Total # Unconvered Spaces: 5.0
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Fncd Back: Yes
  • Parking Info Attached6: Yes
  • Amenities Patio2: Yes
  • Parking Info Detached3: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Laundry Bldg: Yes
  • Parking Info Street: Yes
  • Parking Info Total # Garage Spaces2: 6.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Foundation Details: Mixed

Garage/Parking

  • Garage Spaces: 6.0
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
  • Parking Features: Garages, Carport, Uncovered, Street, Gar #6, Cpt #6, Unc #5, Attached, Detached
  • Parking Info Cpt #63: Yes

Utilities

  • Heating: Floor
  • HeatingYN: Yes

Association/Amenities

  • Association Amenities:Cable TV: Yes

Schools

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

Lot Info

  • Parcel #: 029-180-007
  • Zoning: Other

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 12
  • Total Actual Rent: 22550.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2021
Sold by
Melton Mark E and Melton Rebecca Holly
Bought by
Knr Anapamu Llc
Current Estimated Value
$2,087,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,300
Outstanding Balance
$860,998
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,198,790

Purchase Details

Closed on
Jun 2, 2017
Sold by
The Melton Family Trust and Melton Mark E
Bought by
Knr Anapamu Llc

Purchase Details

Closed on
Dec 6, 2016
Sold by
Melton Mark E and Melton Rebecca Holly
Bought by
Melton Mark E and Melton Rebecca Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,027,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2016
Sold by
Knr Anapamu Llc
Bought by
The Melton Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,027,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 3, 2016
Closed on
Sep 8, 2016
Sold by
Sb Holding Group Llc
Bought by
Knr Anapamu Llc
Seller's Agent
Malante Hayworth
Harbor View Real Estate and Investments
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$4,495,000
Sold Price
$4,000,000
Premium/Discount to List
-$495,000
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.19%
Original Mortgage
$2,240,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2016
Sold by
Investfirst Llc
Bought by
Sb Holding Group Llc

Purchase Details

Listed on
Feb 18, 2015
Closed on
Mar 10, 2015
Sold by
Stevens Robert Aymer and Stratton Victoria Marie
Bought by
Investfirst Llc
Seller's Agent
V. Peter Mitchell
Peter Mitchell, Broker
Buyer's Agent
V. Peter Mitchell
Peter Mitchell, Broker
List Price
$1,176,000
Sold Price
$1,100,000
Premium/Discount to List
-$76,000
-6.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
May 14, 2013
Sold by
Stevens Robert A
Bought by
Stevens Robert Aymer and Stratton Victoria Marie
Source: Public Records

Range of Values:

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Average Value
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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
Knr Anapamu Llc -- Accommodation
Melton Mark E -- Accommodation
Knr Anapamu Llc -- None Available
Melton Mark E -- Chicago Title Company
The Melton Family Trust -- None Available
Knr Anapamu Llc $4,000,000 Chicago Title Company
Sb Holding Group Llc -- None Available
Investfirst Llc $1,100,000 First American Title Company
Stevens Robert Aymer -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melton Mark E $958,300
Previous Owner Melton Mark E $1,027,500
Previous Owner Knr Anapamu Llc $2,240,000
Previous Owner Knr Anapamu Llc $2,240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2016 09/21/16 Sold $4,000,000 -11.0% --
08/19/2016 08/19/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $4,495,000 +308.6% --
03/19/2015 03/19/15 Sold $1,100,000 -6.5% --
03/16/2015 03/16/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $1,176,000 -- --
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
2025 $14,478 $1,392,697 $870,437 $522,260
2023 $14,478 $1,338,619 $836,638 $501,981
2022 $13,971 $1,312,373 $820,234 $492,139
2021 $13,650 $1,286,641 $804,151 $482,490
2020 $13,510 $1,273,449 $795,906 $477,543
2019 $13,274 $1,248,480 $780,300 $468,180
2018 $13,087 $1,224,000 $765,000 $459,000
2017 $12,655 $1,200,000 $750,000 $450,000
2016 $11,755 $1,116,775 $609,150 $507,625
2015 $10,602 $1,002,042 $469,041 $533,001
2014 $36,586 $982,415 $459,854 $522,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1986

Santa Barbara Multiple Listing Service

APN: 029-180-005