$1,360,000

Estimated payment $8,261/month

Total Views 2,977
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Single story duplex that has been well maintained on a rare industrial zoned parcel. A national landscape company has over 4 years remaining on the industrial yard lease on the rear of the property. Current 2 bedroom one bath units are well below market at $1,800 and a 5.7% cap rate at the offering. Stable investment in Santa Barbara with solid returns.
Contact Listing Agents for details.

Listing Agent

Brad Frohling

Radius Group Commercial R.E. License #01323736 Listed on: 07/15/2025

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,383

Year Built

  • Built in 1960

Lot Details

  • Property is in good condition

Parking

  • Uncovered Parking

Schools

  • Franklin Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 017-161-004

Community Details

Overview

  • 2 Units
  • 15 East Beach Subdivision

Building Details

  • Gross Income $103,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,383

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Income Expenses Annual Income: 103200.0
  • Capitalization Rate: 5.7%
  • Monthly Income: 3600.0
  • Subdivision Name: 15 - East Beach
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Condition Good2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Uncovered

Schools

  • Elementary School: Franklin
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 017-161-004
  • Zoning: Other, CLA, M-1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 103200.0
  • Total Actual Rent: 3600.0

Map

Range of Values:

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Average Value
Not Available
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

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 $10,383 $1,023,000 $767,000 $256,000
2023 $10,383 $927,000 $695,000 $232,000
2022 $9,453 $883,000 $662,000 $221,000
2021 $8,961 $840,000 $630,000 $210,000
2020 $8,960 $840,000 $630,000 $210,000
2019 $8,978 $840,000 $630,000 $210,000
2018 $10,730 $1,002,864 $780,676 $222,188
2017 $10,375 $983,201 $765,369 $217,832
2016 $10,164 $963,923 $750,362 $213,561
2014 $9,888 $930,848 $724,614 $206,234
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Sale $1,360,000 -- --
Source: Santa Barbara Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- First American Title Company
Interfamily Deed Transfer -- Santa Barbara Title Co
Grant Deed $310,000 Santa Barbara Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $645,000 Unknown
Closed $626,250 Fannie Mae Freddie Mac
Previous Owner $315,000 Unknown
Previous Owner $25,000 Unknown
Previous Owner $26,500 Unknown
Previous Owner $248,000 No Value Available
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

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Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2709

Santa Barbara Multiple Listing Service

APN: 017-161-004