NOT LISTED FOR SALE

876 Embarcadero Del Mar Goleta, CA 93117

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

Sale Details

Date Sold: October 9, 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2014
Sold by
Bought by

Purchase Details

Listed on
Sep 16, 2013
Closed on
Oct 1, 2013
Sold by
Bought by
Seller's Agent
Karen Spechler
Coldwell Banker Realty
Buyer's Agent
Craig Lieberman
RE/MAX Commercial of S.B.
List Price
$1,295,000
Sold Price
$1,401,000
Premium/Discount to List
$106,000
8.19%

Purchase Details

Closed on
Feb 24, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
0.0595%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2008
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$1,401,000 First American Title Company
$1,175,000 Chicago Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $765,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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