NOT LISTED FOR SALE
-- Bed
-- Bath
25,700 Sq Ft
0.89 Acre Lot

Sale Details

Date Sold: December 28, 2012

Last sale price $5,350,000 $208 Per Sq Ft

115 Days on Market

Highlights

  • Laundry Room
  • Cabrillo Middle School Rated A-
  • Property is near shops

About This Home

As of December 2012

This property consists of 8(studios), 5 (1+1), and 22(2+1) units, spanning the length of the entire block. The property has been well-maintained over the years. Close proximity to shopping, restaurants, buses.

Last Agent to Sell the Property

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 06/25/2012

Apartment Investment Specialists

Last Buyer's Agent

Non Member Agent

Non Member Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.89

Parking

  • Carport

Additional Features

  • Laundry Room
  • Property is in good condition
  • Property is near shops
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 075-0-221-215

Community Details

Overview

  • 35 Units

Building Details

  • Gross Income $473,076
  • Net Operating Income $286,876

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.89 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1965
  • Income Expenses Annual Income: 473076.0
  • Capitalization Rate: 5.32
  • Gross Rent Multiplier: 11.39
  • Monthly Income: 39423.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: Laundry Room
  • Subdivision Name: Other
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1965
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Carport2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • IncomeExpenses NOI2: 286876
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Carport

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 075-0-221-215
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 35
  • Annual Gross Income: 473076.0
  • Total Actual Rent: 39423.0

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
Jul 9, 2018
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
$4,900,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2015
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
$3,890,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2014
Sold by
Bought by

Purchase Details

Listed on
Jun 25, 2012
Closed on
Dec 19, 2012
Sold by
Bought by
Seller's Agent
Craig Lieberman
Apartment Investment Specialists
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$5,290,000
Sold Price
$5,350,000
Premium/Discount to List
$60,000
1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,745,000
Interest Rate
3.27%
Mortgage Type
Negative Amortization

Purchase Details

Listed on
Jun 25, 2012
Closed on
Dec 13, 2012
Sold by
Bought by
Seller's Agent
Craig Lieberman
Apartment Investment Specialists
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$5,290,000
Sold Price
$5,350,000
Premium/Discount to List
$60,000
1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,745,000
Interest Rate
3.27%
Mortgage Type
Negative Amortization

Purchase Details

Listed on
Jun 25, 2012
Closed on
Dec 11, 2012
Sold by
Bought by
Seller's Agent
Craig Lieberman
Apartment Investment Specialists
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$5,290,000
Sold Price
$5,350,000
Premium/Discount to List
$60,000
1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,745,000
Interest Rate
3.27%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 18, 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
$2,570,000
Interest Rate
6.07%
Mortgage Type
Commercial
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
$7,700,000 First American Title
-- Stewart Title
-- None Available
-- Lawyers Title Insurance Co
-- Lawyers Title Insurance Co
$5,350,000 Lawyers Title Insurance Co
$4,350,000 Stewart Title Of Ca Inc
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
Open $4,750,000
Previous Owner $4,900,000
Previous Owner $3,890,000
Previous Owner $3,745,000
Previous Owner $2,570,000
Previous Owner $850,000
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
12/28/2012 12/28/12 Sold $5,350,000 +1.1% $208 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $5,290,000 -- $206 / 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 $94,340 $8,802,287 $2,389,440 $6,412,847
2025 $94,340 $8,632,245 $2,342,589 $6,289,656
2024 $91,949 $8,466,284 $2,296,656 $6,169,628
2023 $90,416 $8,233,438 $2,251,624 $5,981,814
2022 $83,942 $8,092,599 $2,207,475 $5,885,124
2021 $82,520 $7,937,125 $2,164,191 $5,772,934
2020 $81,702 $7,850,580 $2,142,000 $5,708,580
2019 $80,016 $7,679,000 $2,100,000 $5,579,000
2018 $60,604 $5,790,092 $2,272,745 $3,517,347
2017 $59,480 $5,676,562 $2,228,182 $3,448,380
2016 $58,428 $5,565,258 $2,184,493 $3,380,765
2015 $57,479 $5,481,665 $2,151,681 $3,329,984
2014 -- $5,374,289 $2,109,534 $3,264,755
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-2053

Santa Barbara Multiple Listing Service

APN: 075-0-221-215

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