NOT LISTED FOR SALE
Studio
-- Bath
10,700 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: September 20, 2021

Last sale price $6,900,000 $645 Per Sq Ft

About This Home

As of September 2021

This extensively remodeled 11-unit property is located on the Lower Riviera,
very close to the Montecito Country Club. With easy access to Coast Village
Road as well as Downtown Santa Barbara, this property is perfectly
situated to provide maximum amenities to renters. This gorgeous property
is completely updated with beautiful modern finishes, from the custom
painted exterior down to the modern fixtures inside and out. The apartment
homes feature: white shaker cabinets, white quartz counter tops, modern
tile floors, wood laminate floors, spa-like bathrooms with soaker bath tub,
black-out shades in the bedroom, white subway tile and recessed lighting. Townhome units have private downstairs patio off the kitchen and private upstairs balcony off master bedroom. The one-bedroom units also have the same finishes with a large open gourmet kitchen. All units have frontloading washer and dryer, stainless appliances and new dual pane windows. Beautiful common grass area with BBQ, picnic table and bike racks. All tenants have assigned covered carport parking with extra storage. There is potential to value-add to the property.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 09/20/2021

Radius Group Commercial R.E.

Last Buyer's Agent

Gary Goldberg

Coastal Properties License #01172139

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.38

Schools

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

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 015-271-029

Property Details

Home Type

Multi-Family

Lot Details

0.38 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

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

Lot Info

  • Parcel #: 015-271-029
  • Zoning: Other

Multi Family

  • Number Of Units Total: 11

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

Listed on
Sep 20, 2021
Closed on
Sep 15, 2021
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Gary Goldberg
Coastal Properties
List Price
$6,900,000
Sold Price
$6,900,000

Purchase Details

Listed on
Jun 2, 2017
Closed on
Sep 22, 2017
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$4,275,000
Sold Price
$4,275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%
Original Mortgage
$3,430,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2016
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
$2,750,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$6,900,000 First American Title Company
$4,275,000 North American Title Company
$3,675,000 Chicago Title Company
$983,000 First American Title Ins
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 $4,025,000
Previous Owner $3,430,000
Previous Owner $2,750,000
Previous Owner $390,802
Previous Owner $600,000
Previous Owner $1,340,000
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 Prior Sale
09/20/2021 09/20/21 Sold $6,900,000 0.0% $645 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $6,900,000 +61.4% $645 / Sq Ft
11/14/2017 11/14/17 Sold $4,275,000 0.0% $400 / Sq Ft View Prior Sale
08/11/2017 08/11/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $4,275,000 -- $400 / Sq Ft
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 $77,263 $7,468,779 $2,814,322 $4,654,457
2025 $75,943 $7,322,334 $2,759,140 $4,563,194
2023 $75,943 $7,038,000 $2,652,000 $4,386,000
2022 $73,290 $6,900,000 $2,600,000 $4,300,000
2021 $48,049 $4,536,556 $2,102,357 $2,434,199
2020 $47,555 $4,490,040 $2,080,800 $2,409,240
2019 $46,634 $4,393,200 $2,040,000 $2,353,200
2018 $45,633 $4,275,000 $2,000,000 $2,275,000
2017 $38,700 $3,675,000 $1,700,000 $1,975,000
2016 $37,154 $3,554,725 $1,327,568 $2,227,157
2014 $36,143 $3,432,934 $1,282,013 $2,150,921
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3527

Santa Barbara Multiple Listing Service
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