Valerie Menke
Berkshire Hathaway HomeService
(805) 549-5997
24 Total Sales
2 in Lower Riviera
$2,128,000 Price Range
524 E Arrellaga St Santa Barbara, CA 93103
Lower Riviera Neighborhood
--
Bed
--
Bath
--
Sq Ft
10,454
Sq Ft Lot
Highlights
- Deck
- Property is near park, public transit, schools, shops, and bus stop
- Patio
- Santa Barbara Senior High School Rated A-
- Wood Flooring
- 6 Car Garage
About This Home
As of February 2021This 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
Beachside Partners License #01893163 Listed on: 11/18/2020
Co-Listed By
John Koskinen
Beachside Partners License #02036512
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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 park, public transit, schools, shops, and bus stop
- Property near a hospital
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
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
Closed on
May 2, 2023
Sold by
Bought by
Purchase Details
Listed on
Nov 18, 2020
Closed on
Feb 18, 2021
Sold by
Bought by
Seller's Agent
Jon Standring
Beachside Partners
Buyer's Agent
Jon Standring
Beachside Partners
List Price
$3,850,000
Sold Price
$3,400,000
Premium/Discount to List
-$450,000
-11.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 24, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2011
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lower Riviera, CA
-
Valerie Menke
-
Chris Palme
Chris Palme
Sotheby's International Realty
(805) 262-8876
17 Total Sales
3 in Lower Riviera
$1.8M - $3.2M Price Range
-
Kevin Goodwin
Kevin Goodwin
Goodwin & Thyne Properties
(805) 979-2658
52 Total Sales
3 in Lower Riviera
$3,300,000 Price Range
-
Susan Pate
Susan Pate
Compass
(805) 617-1044
10 Total Sales
2 in Lower Riviera
$3.2M - $5.1M Price Range
-
Larry Krogh
Larry Krogh
LIV Sotheby's International Realty
(805) 586-9558
131 Total Sales
2 in Lower Riviera
$2,250,000 Price Range
-
Janice Laney
Janice Laney
Keller Williams Santa Barbara
(805) 865-7385
31 Total Sales
3 in Lower Riviera
$1.6M - $2.6M 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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| $3,400,000 | First American Title Company | ||
| $1,900,000 | Fidelity National Title Co | ||
| -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $2,000,000 | ||
| Previous Owner | $1,300,000 |
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 |
|---|---|---|---|---|
| 02/26/2021 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
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 | $38,861 | $3,753,872 | $1,435,304 | $2,318,568 |
| 2025 | $38,197 | $3,680,267 | $1,407,161 | $2,273,106 |
| 2023 | $38,197 | $3,537,360 | $1,352,520 | $2,184,840 |
| 2022 | $36,862 | $3,468,000 | $1,326,000 | $2,142,000 |
| 2021 | $22,370 | $2,109,608 | $1,276,869 | $832,739 |
| 2020 | $22,140 | $2,087,978 | $1,263,777 | $824,201 |
| 2019 | $21,754 | $2,047,039 | $1,238,998 | $808,041 |
| 2018 | $21,447 | $2,006,902 | $1,214,704 | $792,198 |
| 2017 | $20,739 | $1,967,552 | $1,190,887 | $776,665 |
| 2016 | $20,223 | $1,928,974 | $1,167,537 | $761,437 |
| 2014 | $10,334 | $972,072 | $535,791 | $436,281 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Standring
Seller's Agent in 2021
Jon Standring
Beachside Partners
(805) 705-7311
1 in this area
54 Total Sales
-
J
Seller Co-Listing Agent in 2021
John Koskinen
Beachside Partners
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-4501
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.
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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