NOT LISTED FOR SALE

614 W Pedregosa St Santa Barbara, CA 93101

Westside Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.37 Acres

Last Sold August 17, 2021

Last sale price $4,100,000

28 Days on Market

Highlights

  • 0.37 Acre Lot
  • 8 Car Garage
  • Property is in excellent condition
  • San Marcos Senior High School Rated A
  • Laundry Facilities

About This Home

As of August 2021

This well maintained 10-unit property is located on Santa Barbara's Westside. The property includes 2 buildings with 9 apartments and a stand-alone house. The apartments include (1) 3BD+1BA, (4) 2BD+1BA, and (4) 1BD+1BA. The house is a 3BD+1BA. The property also boasts ample off street parking including 8 garages and 3 additional spaces.
Nestled on a residential block with only light traffic, the two buildings are sited on a deep lot with lush landscaping providing a quiet, oasis-like feel despite being just blocks from the Mission St. and 101 Freeway interchange. The units are located near Harding School & La Cumbre Junior High, with downtown Santa Barbara in easy bicycle distance. This property has not been available for sale in decades and is competitively priced at $437,000/unit with a proforma cap rate of 4.2%.

Access to the building subject to accepted offer. Please contact listing agent for available inspections. Please do not disturb the occupants.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 03/17/2021

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 03/17/2021

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.37 Acre Lot
  • Property is in excellent condition

Parking

  • 8 Car Garage
  • 3 Open Parking Spaces

Home Design

  • Slab Foundation

Schools

  • Adams Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Community Details

  • 10 Units
  • Laundry Facilities
  • Gross Income $266,280

Listing and Financial Details

  • Assessor Parcel Number 043-131-024

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

8

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 266280.0
  • Capitalization Rate: 3.7
  • Miscellaneous Parking Spaces: 11.0
  • ResoLaundryFeatures: Bldg
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Apx # Acres: 0.37
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Parking Info Total # Unconvered Spaces: 3.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Parking Info Garages: Yes
  • Laundry Bldg: Yes
  • Parking Info Total # Garage Spaces2: 8.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.37
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 8.0
  • Open Parking Spaces: 3.0
  • Parking Features: Garages, Mixed
  • Total Parking Spaces: 11.0

Schools

  • Elementary School: Adams
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 043-131-024
  • Zoning: Other
  • Lot Size Sq Ft: 16117.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 266280.0

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

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $4,100,000 -6.3% --
04/14/2021 04/14/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $4,375,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2021

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    7 in this area

    93 Total Sales

    Steve Golis
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-977

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93101 Westside

614 W Pedregosa St, Santa Barbara, CA

This home is located at 614 W Pedregosa St, Santa Barbara, CA 93101 since 17 March 2021. 614 W Pedregosa St is a home located in Santa Barbara County with nearby schools including Adams Elementary School, La Cumbre Junior High School, and San Marcos Senior High School.

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