NOT LISTED FOR SALE

Estimated Value: $1,605,000 - $4,087,000

Studio
-- Bath
3,439 Sq Ft
$883/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2024

Last sale price $2,700,000 $785 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $19,267 / mo

108 Days on Market

Highlights

  • Deck
  • Tile Flooring
  • Fenced
  • Laundry Room
  • Property is near schools
  • Heating Available

About This Home

As of April 2024

We are pleased to present this opportunity in the premium student housing market of Isla Vista, Santa Barbara. Located less than 1 mile from UCSB's main campus and the beach just around the corner, this is an outstanding investment and highly desirable rental for the college lifestyle. The property consists of three (3) units on a lot totaling 9,147 sq. ft. including ample parking, entertainer's yard and a large view deck. Two (2) out of three (3) units have upgraded kitchens. Current rent income totals $17,700/month with leases ending in June 2024. All three units have been pre-leased for the 2024-2025 school year as well and rents will total $19,450/month which results in a 5.31% cap rate.

Last Agent to Sell the Property

Amine Chebouli

Link Brokerages,Inc. License #02224613 Listed on: 11/14/2023

Co-Listed By

Rob Hambleton

Radius Group Commercial R.E. License #01858350

Last Buyer's Agent

Brian Bailey

Central Coast Investments License #00680927

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Lot Details

  • 9,147 Sq Ft Lot
  • Fenced

Interior Spaces

  • 3,439 Sq Ft Home
  • Laundry Room

Flooring

  • Tile
  • Vinyl

Parking

  • 9 Parking Spaces
  • Uncovered Parking

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • Heating Available
  • Individual Gas Meter

Additional Features

  • Deck
  • Property is near schools

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 075-102-004

Property Details

Home Type

Multi-Family

Lot Details

9,147 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Monthly Income: 17700.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 9.0
  • ResoLaundryFeatures: Laundry Room
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Subdivision Name: Other
  • Reso Flooring: Vinyl, Tile
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Uncovered: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 3439.0
  • Property Information Apx Lot SqFt: 9147.0
  • Amenities Fncd All: Yes
  • Amenities Deck2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.21

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 9.0

Utilities

  • Heating: Other
  • HeatingYN: Yes

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-102-004
  • Zoning: SR
  • Lot Size Sq Ft: 9147.0

Rental Info

  • Owner Pays: None

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 17700.0

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

Closed on
Aug 29, 2025
Sold by
Bought by
Current Estimated Value
$3,036,805

Purchase Details

Listed on
Nov 14, 2023
Closed on
Mar 21, 2024
Sold by
Bought by
Seller's Agent
Amine Chebouli
Link Brokerages,Inc.
Buyer's Agent
Brian Bailey
Central Coast Investments
List Price
$3,000,000
Sold Price
$2,700,000
Premium/Discount to List
-$300,000
-10%
Views
226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$359,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2019
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
$930,300
Interest Rate
3.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 2, 2008
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
$533,850
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2005
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
$831,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 11, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 1997
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
-- None Listed On Document
$2,700,000 First American Title
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- --
-- Fidelity National Title
-- Chicago Title Co
-- Chicago Title
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 $359,000
Previous Owner $930,300
Previous Owner $2,500,000
Previous Owner $512,000
Previous Owner $2,500,000
Previous Owner $533,850
Previous Owner $831,000
Previous Owner $650,000
Previous Owner $630,000
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
04/29/2024 04/29/24 Sold $2,700,000 -10.0% $785 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
11/14/2023 11/14/23 For Sale $3,000,000 -- $872 / 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 $30,907 $2,809,080 $1,560,600 $1,248,480
2025 $19,201 $2,754,000 $1,530,000 $1,224,000
2023 $19,201 $1,622,344 $803,866 $818,478
2022 $18,310 $1,590,534 $788,104 $802,430
2021 $17,426 $1,480,916 $772,651 $708,265
2020 $16,721 $1,465,732 $764,729 $701,003
2019 $16,422 $1,436,993 $749,735 $687,258
2018 $16,120 $1,408,818 $735,035 $673,783
2017 $15,817 $1,381,195 $720,623 $660,572
2016 $15,209 $1,354,114 $706,494 $647,620
2015 $15,120 $1,333,775 $695,882 $637,893
2014 -- $1,307,649 $682,251 $625,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-3427

Santa Barbara Multiple Listing Service

APN: 075-102-004

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