NOT LISTED FOR SALE

524 E Arrellaga St Santa Barbara, CA 93103

Lower Riviera Neighborhood
-- Bed
-- Bath
-- Sq Ft
10,454 Sq Ft Lot

Last Sold February 26, 2021

Last sale price $3,400,000

28 Days on Market

Highlights

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

About This Home

As of February 2021

This 6-unit apartment complex is Ideally located in the beautiful upper-east side of Santa Barbara. Unit mix features (3) 2BD/1BA, (2) 1BD/1BA, and (1) 1BD/1BA + Den. The units are spread out over three buildings with a large Victorian style apartment building and two stand alone cottages with multiple units offering fantastic ocean views. There are also six garage spaces and outdoor patios/decks. Beginning in 2017, the property underwent extensive renovations, including a new foundation, new roof, full exterior paint, and a major remodel to five of the six units. As a result, annual maintenance costs are extremely low and the majority of rents are very close to market.

Last Agent to Sell the Property

Jon Standring

Beachside Partners License #01893163 Listed on: 11/18/2020

Co-Listed By

John Koskinen

Beachside Partners License #02036512

Last Buyer's Agent

Jon Standring

Beachside Partners License #01893163 Listed on: 11/18/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 10,454 Sq Ft Lot
  • Fenced
  • Property is in excellent condition

Parking

  • 6 Car Garage

Flooring

  • Wood
  • Tile
  • Vinyl Plank

Outdoor Features

  • 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

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Additional Features

  • Dishwasher
  • Laundry in unit

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 027-260-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1935
  • Monthly Income: 17066.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 6.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: jonsta
  • Co List Office Phone: 805-626-0112
  • Reso Flooring: Hardwood, Tile, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1935
  • Property Information Apx # Acres: 0.24
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 10454.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Amenities Fncd All: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Patio2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.24
  • Foundation Details: Mixed

Garage/Parking

  • Parking Features: Garages
  • Total Parking Spaces: 6.0

Schools

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

Lot Info

  • Parcel #: 027-260-030
  • Zoning: R-3
  • Lot Size Sq Ft: 10454.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 17066.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $3,400,000 -11.7% --
12/16/2020 12/16/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $3,850,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Standring

    Seller's Agent in 2021

    Jon Standring

    Beachside Partners

    (805) 705-7311

    3 in this area

    59 Total Sales

    Jon Standring
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John Koskinen

    Beachside Partners

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-4501

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93103 Lower Riviera

524 E Arrellaga St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Santa Barbara Multiple Listing Service 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.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.

Nearby Homes