$2,225,000
SOLD JUL 17, 2015

720 De la Vina St Santa Barbara, CA 93101

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Recently Sold

1% Above List Price

20 Days on Market

Highlights

  • Deck
  • Patio
  • Property is near shops
  • San Marcos Senior High School Rated A
  • Tile Flooring
  • 3-minute walk to Bath Street Pocket Park

About This Home

As of July 2015

Rare opportunity to acquire a 4-unit turnkey mixed-use investment property in d'town Santa Barbara. Features a fully renovated 595 SF ground-level office space + (3) 2015 built residential units consisting of a studio, 1BD/1BA and 1BD/2BA. Certificate of Occupancy issued April 20, 2015. Walk score of 97. 2 Property Tour Dates on Thursday, 6/25 10-1 & Saturday, 6/27 11-2. Offers Due July 1 @ 5PM. 100% leased with a monthly income of $11,500. 4.33% CAP Rate. 3 of the 4 units are on 1 year leases and 1 is on a 6 month lease. All of the units are separately metered for utilities (tenants are responsible for all utility costs). In addition to approximately 739 SF of deck space, the property features 3 single car garages and 1 ADA parking space for the office space unit. The residential units feature forced air heating, stainless steel appliances, stackable washer/dryers, mix of carpet, laminate plank & ceramic tile flooring, granite counter tops, vaulted ceilings, ceiling fans, private patio and one-car garage. There' s a large common area on the second floor that features a sitting lounge and fire pit.
**For more photos and information contact agents to request marketing package**

Last Agent to Sell the Property

Nick Henry

The Channel Group Listed on: 06/17/2015

Co-Listed By

Matthew Kelly

The Channel Group License #01718357

Last Buyer's Agent

Brian Eamer

Pacific Group License #00880598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,360

Year Built

  • Built in 2015

Lot Details

  • 5,663 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 4 Car Garage

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl Plank

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Monroe Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Additional Features

  • 2-Story Property
  • Property is near shops

Community Details

  • 4 Units
  • Gross Income $138,000

Listing and Financial Details

  • Assessor Parcel Number 037-082-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,360

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2015
  • Income Expenses Annual Income: 138000.0
  • Capitalization Rate: 4.33
  • Gross Rent Multiplier: 15.91
  • Monthly Income: 11500.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • Co List Office Mls Id: kelly
  • Co List Office Phone: 805-618-1664
  • Reso Flooring: Tile, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2015
  • NeighborhoodSchools Elementary School: Monroe
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5663.0
  • FlrWdw Coverings WoodLaminate2: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Amenities Patio2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.13
  • Foundation Details: Other

Garage/Parking

  • Parking Features: Garages
  • Total Parking Spaces: 4.0

Schools

  • Elementary School: Monroe
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 037-082-017
  • Zoning: C-2
  • Lot Size Sq Ft: 5663.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 138000.0
  • Total Actual Rent: 11500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2016
Sold by
Gorham Timothy Walker and Cobb Susan Lynn
Bought by
Gorham Dlv Llc

Purchase Details

Listed on
Jul 17, 2015
Closed on
Jul 9, 2015
Sold by
Shgc Properties Lp
Bought by
Gorham Timothy Walker and Cobb Susan Lynn
Seller's Agent
Nick Henry
Beachside Partners
Buyer's Agent
Non Member
Non Member Office
Sold Price
$2,225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%

Purchase Details

Listed on
Jun 22, 2012
Closed on
Jun 6, 2012
Sold by
Alta Community Investments Iii Llc
Bought by
Shgc Properties Llc
Seller's Agent
Daniel Zia
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.25%
Original Mortgage
$240,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 22, 2012
Closed on
May 2, 2012
Sold by
Landingen Eugene and Landingen Sofia
Bought by
Alta Community Investment Iii Llc
Seller's Agent
Daniel Zia
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2003
Sold by
Landingen Eugene C
Bought by
Landingen Eugene and Landingen Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.55%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 1995
Sold by
Landingen Eugene C
Bought by
Landingen Marcelo and Landingen Eugene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
8.51%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 1995
Sold by
Landingen Nellie
Bought by
Landingen Marcelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
8.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1995
Sold by
Landingen Marcelo V
Bought by
Landingen Eugene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390
Interest Rate
9.27%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Grant Deed $2,225,000 Fidelity National Title Co
Grant Deed $485,000 None Available
Trustee Deed $325,100 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title
Interfamily Deed Transfer -- First American Title
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $705,000 Commercial
Previous Owner $240,000 Commercial
Previous Owner $400,000 Commercial
Previous Owner $302,000 Unknown
Previous Owner $205,000 Commercial
Previous Owner $75,551 Commercial
Previous Owner $15,062 Commercial
Previous Owner $50,036 Commercial
Previous Owner $32,000 Unknown
Previous Owner $20,000 Commercial
Previous Owner $390 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $2,900,000 +30.3% $1,108 / Sq Ft
07/17/2015 07/17/15 Sold $2,225,000 0.0% --
07/17/2015 07/17/15 Sold $2,225,000 +1.4% --
07/17/2015 07/17/15 Pending -- -- --
07/07/2015 07/07/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $2,195,000 +352.6% --
06/22/2012 06/22/12 Sold $485,000 +2.1% --
06/22/2012 06/22/12 Pending -- -- --
06/22/2012 06/22/12 For Sale $475,000 -- --
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 $27,360 $2,633,943 $1,006,223 $1,627,720
2023 $27,360 $2,531,665 $967,151 $1,564,514
2022 $26,403 $2,482,026 $948,188 $1,533,838
2021 $25,797 $2,433,360 $929,597 $1,503,763
2020 $25,532 $2,408,410 $920,066 $1,488,344
2019 $25,087 $2,361,187 $902,026 $1,459,161
2018 $24,733 $2,314,890 $884,340 $1,430,550
2017 $23,916 $2,269,500 $867,000 $1,402,500
2016 $23,307 $2,225,000 $850,000 $1,375,000
2015 $4,150 $383,133 $313,530 $69,603
2014 $4,067 $375,629 $307,389 $68,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-2061

Santa Barbara Multiple Listing Service

APN: 037-082-017