NOT LISTED FOR SALE

6 E Valerio St Santa Barbara, CA 93101

Oak Park Neighborhood

Estimated Value: $4,878,478

Studio
-- Bath
2,385 Sq Ft
$2,045/Sq Ft Est. Value

Last Sold February 07, 2022

Last sale price $3,300,000 $1,384 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $30,165/month

6 Days on Market

Highlights

  • Property is near park, public transit, schools, shops, and bus stop
  • Laundry Room
  • Property is in excellent condition
  • Santa Barbara Senior High School Rated A-
  • Garage

About This Home

As of February 2022

Casa Valerio captures all the best elements of Santa Barbara. A substantially remodeled mixed-use property situated near the corner of State Street & E. Valerio, Casa Valerio consists of a 2nd floor, 1,363 SF, 3BD/2BA residence w/ a two-car garage & two private decks, & four permitted short-term rental units on the 1st floor. The property is located in the downtown area just three blocks north of the restaurant & theatre district, home to over 20 restaurants & bars & two prominent theatres. In addition to some of the best food &entertainment that the city has to offer, Casa Valerio is a short distance to other high profile destinations including two weekly Farmers Markets, the iconic County Courthouse, Paseo Nuevo & its surrounding retail shops & art galleries, the SB Bowl & the Funk Zone

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 09/16/2021

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 09/16/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 3,095 Sq Ft Lot
  • Property is in excellent condition

Parking

  • Garage

Interior Spaces

  • 2,385 Sq Ft Home
  • 2-Story Property
  • Laundry Room

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

Listing and Financial Details

  • Assessor Parcel Number 039-212-035

Community Details

Overview

  • 5 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Net Operating Income $189,045

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

3,095 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2021
  • Capitalization Rate: 5.73%
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, Other
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2021
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 2385.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 3095.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Gar #24: Yes
  • IncomeExpenses NOI2: 189045
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.07

Garage/Parking

  • Parking Features: Gar #2

Schools

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

Lot Info

  • Parcel #: 039-212-035
  • Zoning: C-2
  • Lot Size Sq Ft: 3095.0

Multi Family

  • Number Of Units Total: 5

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Aviation Way Llc
Bought by
Roustabout Llc
Current Estimated Value
$4,878,478

Purchase Details

Closed on
Apr 15, 2022
Sold by
Pia Trina M
Bought by
Aviation Way Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,852,500
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 16, 2021
Closed on
Jan 25, 2022
Sold by
Phari Llc
Bought by
Pia Irina M
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$3,300,000
Sold Price
$3,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%
Original Mortgage
$2,475,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2020
Sold by
Phari Llc
Bought by
Phari Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2019
Sold by
Patrizio Rossi Trust
Bought by
Phari Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,500
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 7, 2014
Sold by
Kurkulis Enrica R
Bought by
Erk Llc

Purchase Details

Closed on
Aug 21, 2006
Sold by
Kurkulis Enrica Rossi
Bought by
Kurkulis Enrica Rossi

Purchase Details

Closed on
Oct 2, 2002
Sold by
Rossi Patrizio
Bought by
Rossi Patrizio

Purchase Details

Closed on
Apr 23, 1996
Sold by
Rossi Maria Luisa
Bought by
Rossi Patrizio
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roustabout Llc -- None Listed On Document
Aviation Way Llc $4,555,000 First American Title
Pia Irina M $3,300,000 Fidelity National Title
Phari Llc -- Wfg National Title Ins Co
Phari Llc $1,175,000 First American Title Company
Erk Llc -- None Available
Kurkulis Enrica R -- None Available
Kurkulis Enrica Rossi -- None Available
Rossi Patrizio -- --
Rossi Patrizio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aviation Way Llc $2,852,500
Previous Owner Pia Irina M $2,475,000
Previous Owner Phari Llc $587,500
Previous Owner Phari Llc $587,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2022 02/07/22 Sold $3,300,000 0.0% $1,384 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $3,300,000 -- $1,384 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $49,165 $4,735,332 $1,040,400 $3,694,932
2023 $49,165 $4,505,000 $1,000,000 $3,505,000
2022 $15,294 $1,435,133 $630,706 $804,427
2021 $12,868 $1,210,916 $618,340 $592,576
2020 $12,735 $1,198,500 $612,000 $586,500
2019 $2,719 $249,739 $93,185 $156,554
2018 $2,680 $244,843 $91,358 $153,485
2017 $2,591 $240,043 $89,567 $150,476
2016 $2,608 $235,337 $87,811 $147,526
2014 $2,539 $227,263 $84,798 $142,465
Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2022

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    15 in this area

    82 Total Sales

    Christos Celmayster
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3500

Santa Barbara Multiple Listing Service

APN: 027-182-002

California Santa Barbara County Santa Barbara 93101 Oak Park

6 E Valerio St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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