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

Sale Details

Date 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

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
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

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-1887

Santa Barbara Multiple Listing Service
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