$1,625,000
SOLD SEP 6, 2023

7372 Elmhurst Place Goleta, CA 93117

-- Bed
-- Bath
2,211 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$735 Per Sq Ft

40 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • 2 Car Attached Garage
  • Ellwood Elementary School Rated A-
  • Fireplace
  • Patio

About This Home

As of September 2023

Rare opportunity to acquire a Towbes-built, 2,211SF townhouse-style duplex conveniently located near UCSB and the Goleta tech center, as well as Girsh Park, Santa Barbara Shores Park, area beaches and the shops and restaurants of Camino Real Marketplace. The unit mix consists of a 1,238 SF, 2 BD | 1.5 BA unit with separate dining room, and a 953 SF, 2 BD | 1 BA flat apartment. Each unit has living room fireplaces, their own laundry room and the two units share a two-car garage. Additionally, each unit has a private patio area and spacious rear yards with access to neighborhood amenities such as a pool, tennis court, basketball court and play area. A great investment opportunity to enjoying all that the Good Land has to offer!

Last Agent to Sell the Property

Kelly Knight

Berkshire Hathaway HomeServices California Properties License #01463617 Listed on: 06/21/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Alexander Stoeber

Keller Williams Realty Santa Barbara

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,990

Year Built

  • Built in 1975

Lot Details

  • 7,405 Sq Ft Lot
  • Back Yard Fenced
  • Property is in good condition

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • 1 Open Parking Space

Home Design

  • Slab Foundation

Interior Spaces

  • 2,211 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl Plank

Outdoor Features

  • Property is near an ocean
  • Patio

Location

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

Schools

  • Ellwood Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • 220 Volts
  • Shared Gas Meter
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 073-240-003

Community Details

Overview

  • 2 Units
  • 30 University Village Subdivision

Building Details

  • Operating Expense $31,644
  • Gross Income $88,859
  • Net Operating Income $59,028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,990

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1975
  • Income Expenses Annual Income: 88858.56
  • Capitalization Rate: 3.55
  • Annual Expenses: 31644.26
  • Monthly Income: 7556.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 3.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, Other
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 30 - University Village
  • Reso Flooring: Carpet, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1975
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Ellwood
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Total # Unconvered Spaces: 1.0
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • Property Information Main House SqFt: 2211.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Gar #24: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Attached6: Yes
  • Amenities Patio2: Yes
  • Amenities:_two_20V: Yes
  • Amenities Elec Stove: Yes
  • IncomeExpenses NOI2: 59,027.74
  • Parking Info Street: Yes
  • HeatingCooling AC None2: Yes
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.17
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2.0
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Street, Gar #2, Unc #1, Attached
  • Total Parking Spaces: 3.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes

Schools

  • Elementary School: Ellwood
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 073-240-003
  • Zoning: PRD
  • Lot Size Sq Ft: 7405.0

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 88858.56
  • Annual Operating Expense: 31644.26
  • Total Actual Rent: 7556.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
Metwally Ahmed Hassan Hassan and Zaky Nadia Mohamed
Bought by
Metwally & Nader Family Revocable Trust and Nader
Current Estimated Value
$1,728,133

Purchase Details

Listed on
Jun 21, 2023
Closed on
Aug 10, 2023
Sold by
Reed College
Bought by
Metwally Ahmed Hassan Hassa and Zaky Nader A
Seller's Agent
Kelly Knight
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Alexander Stoeber
eXp Realty of California, Inc.
List Price
$1,665,000
Sold Price
$1,625,000
Premium/Discount to List
-$40,000
-2.4%
Views
151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$1,056,250
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2023
Sold by
Tagole Llc
Bought by
Reed College

Purchase Details

Closed on
Dec 16, 2005
Sold by
Abramson Kenin S
Bought by
Tagole Llc

Purchase Details

Closed on
Jul 22, 1997
Sold by
Allen Abramson
Bought by
Abramson Allen S and Abramson Kenin S

Purchase Details

Closed on
Jul 11, 1997
Sold by
Michael Towbes Construction & Developmen
Bought by
Abramson Allen and Abramson Kenin
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
Deed -- None Listed On Document
Grant Deed $1,625,000 Provident Title
Gift Deed -- None Listed On Document
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title
Corporate Deed $221,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,056,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2023 09/06/23 Sold $1,625,000 -2.4% $735 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $1,665,000 -- $753 / Sq Ft
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 $17,990 $1,657,500 $867,000 $790,500
2023 $17,990 $134,031 $29,662 $104,369
2022 $2,083 $131,404 $29,081 $102,323
2021 $2,055 $128,828 $28,511 $100,317
2020 $2,016 $127,508 $28,219 $99,289
2019 $1,989 $125,009 $27,666 $97,343
2018 $1,961 $122,559 $27,124 $95,435
2017 $1,937 $120,157 $26,593 $93,564
2016 $1,898 $117,802 $26,072 $91,730
2014 $1,783 $113,762 $25,178 $88,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1812

Santa Barbara Multiple Listing Service

APN: 073-240-003