$1,470,000
SOLD JAN 20, 2026
-- Bed
-- Bath
-- Sq Ft
-- Built

Recently Sold

8% Below List Price

61 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • 5-minute walk to Ortega Park
  • Washington Elementary School Rated A

About This Home

As of January 2026

Fully Approved & Shovel-Ready 5-unit Development Opportunity Unlock the potential of Santa Barbara with this rare, five-unit investment project - ready to build and designed by the acclaimed Kevin Moore Architects (KMA). The plans feature five sophisticated residences, each offering 2 bedrooms, 2.5 baths, private balconies, in-unit laundry, and individual garages with private entries. Blending timeless Santa Barbara Spanish architectural character with modern functionality, this 5,343 square-foot project is ideal for developers and 1031 exchange investors seeking a boutique, high-demand property in a prime location. Set in a walkable, bike-friendly neighborhood, the site provides easy access to Santa Barbara's vibrant downtown shops, restaurants, and amenities. Directly across the street from the historic Santa Barbara Junior High and its park, this location enhances both lifestyle and long-term value - making it an exceptional opportunity to build in one of California's most desirable coastal markets.

Last Agent to Sell the Property

Caleb Overton

Berkshire Hathaway HomeServices California Properties License #02117608 Listed on: 10/20/2025

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Zia Group

eXp Realty of California, Inc. License #01710544

Property Details

Home Type

  • Multi-Family

Outdoor Features

  • Property is near an ocean

Location

  • Property is near park, public transit, schools, shops, and bus stop
  • Property near a hospital

Schools

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

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 031-231-009
  • Seller Concessions Offered
  • Seller Will Consider Concessions

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • ResoLotFeatures: Near Public Transit
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Status Information Seller Concessions3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

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

Lot Info

  • Parcel #: 031-231-009
  • Zoning: C-2

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2025
Closed on
Jan 13, 2026
Sold by
Costa Libre Llc
Bought by
Morain Kameron Michael
Seller's Agent
Caleb Overton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Zia Group
eXp Realty of California, Inc.
List Price
$1,595,000
Sold Price
$1,470,000
Premium/Discount to List
-$125,000
-7.84%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-58.15%

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 26, 2022
Sold by
Dorothy E Tremblay Trust and Tremblay Timothy N
Bought by
Costa Libre Llc
Seller's Agent
Caleb Overton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Caleb Overton
Berkshire Hathaway HomeServices California Properties
Sold Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.23%

Purchase Details

Closed on
Mar 21, 2007
Sold by
Tremblay Dorothy E
Bought by
Tremblay Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2004
Sold by
Tremblay Dorothy E
Bought by
Tremblay Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2000
Sold by
Tremblay Dorothy E
Bought by
Tremblay Dorothy E

Purchase Details

Closed on
Apr 27, 2000
Sold by
Tremblay Malcolm N and Tremblay Dorothy E
Bought by
Tremblay Malcolm N and Tremblay Dorothy E
Source: Public Records

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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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
Grant Deed $1,470,000 Fidelity National Title Compan
Grant Deed $775,000 Fidelity National Title
Interfamily Deed Transfer -- United General Title Ins Co
Interfamily Deed Transfer -- United General Title Ins Co
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $700,000 Commercial
Previous Owner $300,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2026 01/20/26 Sold $1,470,000 -7.8% --
12/20/2025 12/20/25 Pending -- -- --
10/20/2025 10/20/25 For Sale $1,595,000 +105.8% --
06/01/2022 06/01/22 Sold $775,000 0.0% -- View Prior Sale
06/01/2022 06/01/22 Off Market $775,000 -- --
05/09/2022 05/09/22 Pending -- -- --
Source: Santa Barbara Multiple Listing Service

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 $8,567 $822,436 $663,255 $159,181
2023 $8,567 $737,000 $594,000 $143,000
2022 $794 $67,171 $46,175 $20,996
2021 $771 $65,855 $45,270 $20,585
2020 $688 $65,180 $44,806 $20,374
2019 $675 $63,903 $43,928 $19,975
2018 $663 $62,651 $43,067 $19,584
2017 $640 $61,423 $42,223 $19,200
2016 $713 $60,220 $41,396 $18,824
2014 $693 $58,156 $39,977 $18,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-3874

Santa Barbara Multiple Listing Service

APN: 031-231-009