NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
2015 Built

Last Sold November 17, 2015

Last sale price $17,850,000

55 Days on Market

Highlights

  • Deck
  • Property is near public transit, schools, shops, and bus stop
  • Heating Available
  • Santa Barbara Senior High School Rated A-
  • Property is in excellent condition

About This Home

As of November 2015

This newly constructed 100% leased mixed-use project boasts an attractive blend of 19,213 SF refurbished contemporary office space and 19 brand new luxury loft-style residential units—the first new construction of apartments in downtown Santa Barbara since the 1970’s! A turn-key offering for investors seeking a first class,low maintenance asset in a superior Central Coast location.

Last Agent to Sell the Property

Stephen Brown

Radius Group Commercial R.E. License #00461986 Listed on: 07/20/2015

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Brown

Pacifica Commercial Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Parking

  • 66 Parking Spaces
  • Parking Garage Space

Schools

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

Utilities

  • Heating Available
  • Individual Gas Meter
  • Cable TV Available

Additional Features

  • Laundry in unit
  • Deck
  • Property is in excellent condition
  • Property is near public transit, schools, shops, and bus stop

Listing and Financial Details

  • Assessor Parcel Number 029-302-018

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 19 Units
  • Net Operating Income $938

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2015
  • Capitalization Rate: 5%
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 66.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Other
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2015
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Pets Yes: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Fire Spkl: Yes
  • Parking Info Com Garage3: Yes
  • IncomeExpenses NOI2: $938,039.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Com Garage
  • Total Parking Spaces: 66.0

Utilities

  • Heating: Radia
  • HeatingYN: Yes

Association/Amenities

  • Association Amenities:Cable TV: Yes

Schools

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

Lot Info

  • Parcel #: 029-302-018
  • Zoning: C-2

Multi Family

  • Number Of Units Total: 19
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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
11/17/2015 11/17/15 Sold $17,850,000 -5.5% --
07/30/2015 07/30/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $18,895,000 -- --
Source: Santa Barbara Multiple Listing Service

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-1887

Santa Barbara Multiple Listing Service
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