NOT LISTED FOR SALE

Estimated Value: $1,404,000 - $1,749,000

2 Beds
1 Bath
1,883 Sq Ft
$846/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $1,560,000 $828 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $10,056/month

78 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Patio
  • San Marcos Senior High School Rated A
  • Property is near a park
  • Tile Flooring

About This Home

As of October 2023

Investment Opportunity!
This coveted Westside location presents a wealth of potential and profitability with two separate homes on a single lot. Built in 2006, both residences feature newer construction. The first home offers a spacious layout comprising of three bedrooms, three bathrooms, and a convenient two-car garage. The second home on the property showcases two bedrooms, two bathrooms, with front porch and fenced yard making it a cozy and functional living space.

It is prime location for Santa Barbara City College, close to downtown and just a quick ride over the hill to Ledbetter beach. The dual rental income makes this property a smart choice for astute investors seeking to capitalize on the thriving market. Don't miss out on this chance to secure a lucrative investment in a highly desirable area!

Currently occupied by tenants so please contact agent to schedule a time for walk through.

Last Agent to Sell the Property

Chris Agnoli

Sun Coast Real Estate License #01132005 Listed on: 09/14/2023

Co-Listed By

Michael Agnoli

Sun Coast Real Estate License #02193883

Last Buyer's Agent

Charles Brewer

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,535

Year Built

  • Built in 2006

Lot Details

  • 4,791 Sq Ft Lot
  • Property is in good condition

Home Design

  • Slab Foundation

Interior Spaces

  • 1,883 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Garage
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

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

Schools

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

Utilities

  • Forced Air Heating System
  • Individual Gas Meter

Community Details

  • 2 Units
  • 20 Westside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 037-021-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,535

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2006
  • Monthly Income: 7300.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: suncs
  • Co List Office Phone: 805-682-4304
  • Subdivision Name: 20 - Westside
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 2006
  • Property Information Apx # Acres: 0.11
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Condo:Laundry in Unit: Yes
  • Parking Info Uncovered: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1883.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 4791.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Parking Info Gar #24: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • HeatingCooling GFA: Yes
  • Amenities Patio2: Yes
  • Parking Info Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.11
  • Foundation Details: Slab

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Garages, Uncovered, Street, Gar #2, Unc #1

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 037-021-016
  • Zoning: R-3
  • Lot Size Sq Ft: 4791.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 7300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 4, 2023
Sold by
Scott Family Trust
Bought by
I Koch Investments Llc
Seller's Agent
Chris Agnoli
Sun Coast Real Estate
Buyer's Agent
Charles Brewer
Coldwell Banker Realty
List Price
$1,595,000
Sold Price
$1,560,000
Premium/Discount to List
-$35,000
-2.19%
Views
11
Current Estimated Value
$1,592,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,753
Avg. Annual Appreciation
0.87%

Purchase Details

Closed on
Sep 18, 2018
Sold by
Scott David and Scott Kimberly
Bought by
Scott David and The Scott Family Trust

Purchase Details

Closed on
Aug 29, 2014
Sold by
Scott Giuliana R
Bought by
Scott David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 9, 2004
Sold by
Scott David and Scott Giuliana R
Bought by
Scott David and Scott Giuliana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2002
Sold by
Burkhart Rita M
Bought by
Scott David and Scott Giuliana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.38%

Purchase Details

Closed on
May 16, 1996
Sold by
Burkhart Rita M
Bought by
Burkhart Rita 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
I Koch Investments Llc $1,560,000 Chicago Title Company
Scott David -- None Available
Scott David -- None Available
Scott David -- None Available
Scott David -- First American Title Company
Scott David $290,000 First American Title
Burkhart Rita M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott David $534,000
Previous Owner Scott David $552,500
Previous Owner Scott David $406,000
Previous Owner Scott David $232,000
Closed Scott David $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $1,560,000 -2.2% $828 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $1,595,000 0.0% $847 / Sq Ft
09/14/2023 09/14/23 Price Changed $1,595,000 +2.2% $847 / Sq Ft
09/07/2023 09/07/23 Off Market $1,560,000 -- --
07/06/2023 07/06/23 For Sale $1,795,000 -- $953 / Sq Ft
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 $16,535 $1,591,200 $867,000 $724,200
2023 $16,535 $802,225 $425,973 $376,252
2022 $8,391 $786,496 $417,621 $368,875
2021 $8,198 $771,076 $409,433 $361,643
2020 $8,113 $763,170 $405,235 $357,935
2019 $7,972 $748,207 $397,290 $350,917
2018 $7,859 $733,537 $389,500 $344,037
2017 $7,599 $719,155 $381,863 $337,292
2016 $7,469 $705,055 $374,376 $330,679
2014 $7,267 $680,862 $361,530 $319,332
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1971

Santa Barbara Multiple Listing Service

APN: 037-021-016