NOT LISTED FOR SALE

876 Embarcadero Del Mar Goleta, CA 93117

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

Last Sold October 09, 2013

Last sale price $1,401,000

11 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Carpet
  • Isla Vista Elementary School Rated A
  • Laundry Room
  • 2-minute walk to Anisq'Oyo' Park

About This Home

As of October 2013

This handsome 6 unit apartment building is in a fabulous location that the tenants LOVE! Great corner lot with excellent parking. 6 one bdrm units and includes a common laundry. Near UCSB and the central commercial area. All units are on 12-mo. leases. Long-term demographic trends & plans for increased enrollment at UCSB make for a great investment!

Last Agent to Sell the Property

Karen Spechler

Coldwell Banker Realty Listed on: 09/16/2013

Co-Listed By

Brian Bailey

Central Coast Investments License #00680927

Last Buyer's Agent

Craig Lieberman

RE/MAX Commercial of S.B.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

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

Home Design

  • Raised Foundation
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Carpet
  • Laundry Room

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Additional Features

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 075-113-001

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $415
  • Fuel Expense $220
  • Insurance Expense $1,121
  • Maintenance Expense $4,200
  • Trash Expense $957
  • Water Sewer Expense $1,978
  • Operating Expense $31,044
  • Gross Income $97,110
  • Net Operating Income $55,974

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1958
  • Income Expenses Annual Income: 97110.0
  • Capitalization Rate: 4.32
  • Income Expenses Electric Expense: 415.0
  • Income Expenses Gas Expense: 220.0
  • Gross Rent Multiplier: 14.45
  • Maintenance Expense: 4200.0
  • Annual Expenses: 31044.0
  • Monthly Expense: 2587.0
  • Monthly Income: 7285.0
  • Income Expenses Trash Expense: 957.0
  • Income Expenses Water Expense: 1978.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 6.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Income And Expenses Maintenance Expense: 4200.0
  • Co List Office Mls Id: rec0
  • Co List Office Phone: 805-637-1031
  • Reso Flooring: Carpet
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1958
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Foundation Raised2: Yes
  • IncomeExpenses NOI2: 55974
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.17
  • Foundation Details: Slab, Raised

Garage/Parking

  • Parking Features: Uncovered, Other
  • Total Parking Spaces: 6.0

Fee Information

  • Annual Fuel Expense: 220.0
  • Trash Expense: 957.0
  • Annual Water Sewer Expense: 1978.0

Schools

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

Lot Info

  • Parcel #: 075-113-001
  • Zoning: Other, SR
  • Lot Size Sq Ft: 7405.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 415.0
  • Annual Gross Income: 97110.0
  • Insurance Expense: 1121.0
  • Annual Operating Expense: 31044.0
  • Total Actual Rent: 7285.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2013 10/09/13 Sold $1,401,000 +8.2% --
09/27/2013 09/27/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $1,295,000 -- --
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 $21,272 $1,716,746 $956,168 $760,578
2023 $21,272 $1,650,201 $919,040 $731,161
2022 $19,827 $1,617,904 $901,020 $716,884
2021 $19,504 $1,586,240 $883,353 $702,887
2020 $19,031 $1,570,007 $874,296 $695,711
2019 $18,712 $1,539,282 $857,153 $682,129
2018 $18,390 $1,509,160 $840,347 $668,813
2017 $17,986 $1,479,628 $823,870 $655,758
2016 $17,256 $1,450,675 $807,716 $642,959
2015 $17,072 $1,428,931 $795,584 $633,347
2014 $16,762 $1,401,000 $780,000 $621,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-2987

Santa Barbara Multiple Listing Service
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