NOT LISTED FOR SALE
-- Bed
-- Bath
6,182 Sq Ft
0.89 Acre Lot

Sale Details

Date Sold: October 15, 2021

Last sale price $1,875,000 $303 Per Sq Ft

54 Days on Market

About This Home

As of October 2021

700 Ojai Road is an 8-unit apartment building situated on a .88 acre lot with the potential for a new owner to both significantly increase the rental income as well as to potentially add units to the large R-2 zoned lot. Pleasant layout featuring a 1-story U-shaped building framed by 3-large trees and a spacious central grass courtyard. Ideal unit mix with (8) 2BD/1BA apartments and each has its own laundry hookups, water heaters and front and rear door access. Separate electric and gas meters. Carport parking. Located in upper Santa Paula in mostly single-family neighborhood close to Santa Paula Hospital, Mill Park and short drive away from downtown Main Street. The R-2 zoning allows for a maximum of 15 units per acre.

Last Agent to Sell the Property

Nick Henry

Beachside Partners License #01748131 Listed on: 08/24/2021

Last Buyer's Agent

Non Member Agent

Non Member Office

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.89

Parking

  • Carport

Additional Features

  • 6,182 Sq Ft Home
  • 38,768 Sq Ft Lot
  • Individual Gas Meter

Community Details

  • 8 Units
  • Gross Income $148,380

Listing and Financial Details

  • Assessor Parcel Number 100-0-094-025

Property Details

Home Type

Multi-Family

Lot Details

0.89 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 148380.0
  • Capitalization Rate: 4.35
  • Gross Rent Multiplier: 13.1
  • Monthly Income: 12365.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Property Information Apx # Acres: 0.89
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Carport2: Yes
  • Property Information Main House SqFt: 6182.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.89

Garage/Parking

  • Parking Features: Carport

Schools

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

Lot Info

  • Parcel #: 100-0-094-025
  • Zoning: R-2
  • Lot Size Sq Ft: 38768.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 148380.0
  • Total Actual Rent: 12365.0

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

Listed on
Aug 24, 2021
Closed on
Oct 6, 2021
Sold by
Bought by
Seller's Agent
Nick Henry
Beachside Partners
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$2,000,000
Sold Price
$1,875,000
Premium/Discount to List
-$125,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,000
Outstanding Balance
$1,101,479
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2003
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
$425,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2002
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
$425,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 11, 2001
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
$360,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2000
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
$350,000
Interest Rate
8.53%
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
$1,875,000 Fidelity National Title Co
-- --
-- First American Title Ins Co
-- --
-- --
$438,000 First American Title Co
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 $1,235,000
Previous Owner $425,000
Previous Owner $360,000
Previous Owner $350,000
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
10/15/2021 10/15/21 Sold $1,875,000 -6.3% $303 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $2,000,000 -- $324 / 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
2025 $22,826 $1,989,519 $636,725 $1,352,794
2024 $22,826 $1,950,588 $624,240 $1,326,348
2023 $22,350 $1,912,420 $612,000 $1,300,420
2022 $21,714 $1,875,000 $600,000 $1,275,000
2021 $7,564 $621,906 $227,176 $394,730
2020 $7,531 $615,532 $224,848 $390,684
2019 $7,131 $603,464 $220,440 $383,024
2018 $7,044 $591,632 $216,118 $375,514
2017 $7,124 $580,032 $211,881 $368,151
2016 $6,709 $568,660 $207,727 $360,933
2015 $6,426 $560,119 $204,607 $355,512
2014 $6,517 $549,149 $200,600 $348,549
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2575

Santa Barbara Multiple Listing Service

APN: 100-0-094-025

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