NOT LISTED FOR SALE

Estimated Value: $1,916,000 - $2,109,000

3 Beds
2 Baths
5,000 Sq Ft
$405/Sq Ft Est. Value

Last Sold March 19, 2015

Last sale price $1,000,000 $200 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $12,553/month

26 Days on Market

Highlights

  • No Units Above
  • Santa Barbara Senior High School Rated A-
  • Property is near public transit

About This Home

As of March 2015

Beautiful high desired rental area of Santa Barbara. Great investment property. 3 units 100% occupied. Room to increase rents. Close to local transportation, main street, shops, and Santa Barbara High School. Excellent location. Off street garage parking. Coin operated laundry on premises. Please note that next door properties are also for sale; 522 & 530 E. Anapamu. Combo purchase available. Property sold as is.

Last Agent to Sell the Property

V. Peter Mitchell

Peter Mitchell, Broker License #01394624 Listed on: 02/18/2015

Last Buyer's Agent

V. Peter Mitchell

Peter Mitchell, Broker License #01394624 Listed on: 02/18/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,276

Year Built

  • Built in 1954

Lot Details

  • 6,970 Sq Ft Lot
  • No Units Above
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • 5,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 2001
  • Assessor Parcel Number 029180006

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $240
  • Insurance Expense $1,000
  • Other Expense $500
  • Trash Expense $540
  • Water Sewer Expense $1,134
  • New Taxes Expense $12,182
  • Gross Income $3,700
  • Net Operating Income $38,043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,276

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Santa Barbara: Other (80)
  • Water Sewer Expenses: 1134.00
  • Property Type: Residential Income
  • Parcel Number: 029180006
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 200.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 38043.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 3957.00
  • Other Expense: 500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12182.00
  • Tax Lot: 16
  • Tax Tract Number: 02001
  • Tax Year: 2014

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
$2,090,581

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
$900,000
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
$900,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2016
Sold by
Sb Holding Group Llc
Bought by
Knr Anapamu Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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 Aymor 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
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%

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
Not Available
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 -- Wfg National Title
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 $1,000,000 First American Title Company
Stevens Robert Aymer -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melton Mark E $900,000
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
03/19/2015 03/19/15 Sold $1,000,000 -9.1% $200 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $1,100,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,276 $1,276,637 $841,420 $435,217
2023 $13,276 $1,227,066 $808,748 $418,318
2022 $12,811 $1,203,007 $792,891 $410,116
2021 $12,516 $1,179,420 $777,345 $402,075
2020 $12,387 $1,167,328 $769,375 $397,953
2019 $12,172 $1,144,440 $754,290 $390,150
2018 $12,000 $1,122,000 $739,500 $382,500
2017 $11,603 $1,100,000 $725,000 $375,000
2016 $10,698 $1,015,249 $558,387 $456,862
2015 $12,385 $1,172,603 $533,001 $639,602
2014 $12,182 $1,149,635 $522,561 $627,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15037766

California Regional Multiple Listing Service (CRMLS)

APN: 029-180-006