NOT LISTED FOR SALE

Estimated Value: $1,364,000 - $1,976,000

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold October 22, 2015

Last sale price $950,000

Est. 69% increase in value since last sale

Current estimated payment $9,713/month

8 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • 1-Story Property
  • San Marcos Senior High School Rated A

About This Home

As of October 2015

Fourplex on the Westside with amazing potential! Four 1 bedroom, 1 bath units on the corner of W. Pedregosa and San Pascual. Property to be sold ''as-is'', see reports in the ''Documents'' section. Open Thursday 9/17 from 10-1, and Sunday 9/20 from 2-4. Please do not disturb tenants. Tenants are on month-to-month and current rents are way under market. Rents listed are projected yet conservative

Last Agent to Sell the Property

Randy Freed & Kellie Clenet

Berkshire Hathaway HomeServices California Properties Listed on: 09/14/2015

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Kirk Renga

Richardson Real Estate Services, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,701

Year Built

  • Built in 1926

Lot Details

  • 5,663 Sq Ft Lot
  • Property is in average condition

Parking

  • Uncovered Parking

Home Design

  • Raised Foundation

Interior Spaces

  • 1-Story Property

Flooring

  • Wood
  • Vinyl Plank

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near a bus stop

Schools

  • Harding Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 043-163-001

Community Details

Overview

  • 4 Units
  • 20 Westside Subdivision

Building Details

  • Operating Expense $24,339
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,701

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1926
  • Income Expenses Annual Income: 62400.0
  • Capitalization Rate: 4.48
  • Annual Expenses: 24339.0
  • Monthly Income: 5200.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Building Stories: 1
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Westside
  • Reso Flooring: Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Fair, Poor
  • Property Information Year Built2: 1926
  • Property Information Apx # Acres: 0.13
  • NeighborhoodSchools Elementary School: Harding
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Apx Lot SqFt: 5663.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 1.0
  • Condition Fair2: Yes
  • Condition Poor: Yes
  • Foundation Raised2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.13
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Uncovered

Schools

  • Elementary School: Harding
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 043-163-001
  • Zoning: R-3
  • Lot Size Sq Ft: 5663.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 62400.0
  • Annual Operating Expense: 24339.0
  • Total Actual Rent: 5200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Oct 16, 2015
Sold by
Goldberg Charles and Goldberg Kathleen M
Bought by
Michael L & Lisa M Renga 2008 Family Tru and Renga Lisa M
Seller's Agent
Randy Freed & Kellie Clenet
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kirk Renga
Richardson Real Estate Services, Inc.
List Price
$849,000
Sold Price
$950,000
Premium/Discount to List
$101,000
11.9%
Current Estimated Value
$1,603,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$653,735
Avg. Annual Appreciation
6.18%

Purchase Details

Listed on
Sep 14, 2015
Closed on
Oct 15, 2015
Sold by
Goldberg Charles and Goldberg Kathleen M
Bought by
Goldberg Charles R and Goldberg Kathleen M
Seller's Agent
Randy Freed & Kellie Clenet
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kirk Renga
Richardson Real Estate Services, Inc.
List Price
$849,000
Sold Price
$950,000
Premium/Discount to List
$101,000
11.9%

Purchase Details

Closed on
Oct 28, 1993
Sold by
Goldberg Charles and Goldberg Kathy
Bought by
Goldberg Charles and Goldberg Kathleen M
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
Michael L & Lisa M Renga 2008 Family Tru $950,000 First American Title Company
Goldberg Charles R -- None Available
Goldberg Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renga Michael L $765,000
Closed Renga Michael L $795,000
Previous Owner Renga Michael L $485,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2015 10/22/15 Sold $950,000 +11.9% --
09/22/2015 09/22/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $849,000 -- --
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 $11,701 $1,124,600 $503,109 $621,491
2023 $11,701 $1,080,932 $483,574 $597,358
2022 $11,291 $1,059,739 $474,093 $585,646
2021 $11,031 $1,038,961 $464,798 $574,163
2020 $10,917 $1,028,309 $460,033 $568,276
2019 $10,727 $1,008,147 $451,013 $557,134
2018 $10,575 $988,380 $442,170 $546,210
2017 $10,226 $969,000 $433,500 $535,500
2016 $10,019 $950,000 $425,000 $525,000
2015 $4,200 $389,445 $153,961 $235,484
2014 $4,132 $381,818 $150,946 $230,872
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-3097

Santa Barbara Multiple Listing Service

APN: 043-163-001