NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
5,240 Sq Ft Lot

Sale Details

Date Sold: March 29, 2019

Last sale price $1,550,000

8 Days on Market

Highlights

  • Deck
  • Property is near park, public transit, schools, shops, and bus stop
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • Attic Fan

About This Home

As of March 2019

The Garden Court apartment symbolize the culture of southern California living. These garden court cottages, dating from the mid 1920's, once housed the students who attended The Normal School. A rare find on the Riviera are five units, with some peaks of the ocean and the Mesa. Consisting of four freestanding cottages, 3 one-bedroom units and the fourth cottage containing two studio apartments. Each cottage enjoys its own green yard space, and private decks, both hard to find in a rental. Light and bright all feature hardwood floors, with three of the cottages having updated kitchens and baths. The studio apartments feature Murphy beds, which make them live like a one bedroom. Located a short distance from the Mission, Orpet Park and El Encanto.

Last Agent to Sell the Property

Pamela Regan

Compass License #00863811 Listed on: 02/24/2019

Compass

Co-Listed By

Earl Wilcox

Compass

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,240 Sq Ft Lot
  • Partially Fenced Property
  • Partial Sprinkler System
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Raised Foundation

Interior Spaces

  • 1-Story Property
  • Attic Fan
  • Fire and Smoke Detector
  • Stove
  • Laundry Room

Flooring

  • Wood
  • Tile
  • Vinyl Plank
  • Vinyl

Outdoor Features

  • Deck

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
  • Heating Available
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 025-403-002

Community Details

Overview

  • 5 Units
  • 15 Upper Eastside Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Insurance Expense $150
  • Water Sewer Expense $260
  • Gross Income $93,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

5,240 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 93060.0
  • Capitalization Rate: 4.71
  • Monthly Income: 7675.0
  • Income Expenses Water Expense: 260.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Building Stories: 1
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: COMPCA
  • Co List Office Phone: 805-253-7700
  • Subdivision Name: 15 - Upper Eastside
  • Reso Flooring: Vinyl, Hardwood, Tile, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1920
  • Property Information Apx # Acres: 0.12
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5240.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 1.0
  • Pets No8: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Foundation Raised2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Amenities Fncd Prt: Yes
  • Amenities Yd Spkl Prt: Yes
  • Parking Info Street Only3: Yes
  • HeatingCooling Attic Fan(s)2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.12
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Street Only

Utilities

  • Heating: Attic Fan(s)
  • HeatingYN: Yes

Fee Information

  • Annual Water Sewer Expense: 260.0

Schools

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

Lot Info

  • Parcel #: 025-403-002
  • Zoning: R-2
  • Lot Size Sq Ft: 5240.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 93060.0
  • Insurance Expense: 150.0
  • Total Actual Rent: 7675.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
03/29/2019 03/29/19 Sold $1,550,000 0.0% --
03/29/2019 03/29/19 Sold $1,550,000 +3.7% -- View Prior Sale
03/04/2019 03/04/19 Pending -- -- --
03/04/2019 03/04/19 Pending -- -- --
02/24/2019 02/24/19 For Sale $1,495,000 0.0% --
02/15/2019 02/15/19 For Sale $1,495,000 +17.9% --
03/08/2016 03/08/16 Sold $1,267,500 -15.5% -- View Prior Sale
01/14/2016 01/14/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $1,500,000 -- --
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
2025 $18,165 $1,729,050 $1,115,517 $613,533
2023 $18,165 $1,661,910 $1,072,201 $589,709
2022 $17,522 $1,629,325 $1,051,178 $578,147
2021 $17,116 $1,597,378 $1,030,567 $566,811
2020 $16,939 $1,581,000 $1,020,000 $561,000
2019 $14,836 $1,379,569 $902,026 $477,543
2018 $14,623 $1,352,520 $884,340 $468,180
2017 $14,140 $1,326,000 $867,000 $459,000
2016 $1,446 $111,259 $68,323 $42,936
2015 $1,429 $109,615 $67,297 $42,318
2014 $1,409 $107,503 $65,979 $41,524
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-584

Santa Barbara Multiple Listing Service
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