$1,775,000
SOLD JUL 25, 2025
-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

5% Above List Price

1 Day on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Room
  • San Marcos Senior High School Rated A

About This Home

As of July 2025

Discover an exceptional investment opportunity with this fully vacant duplex at 923 W Micheltorena St, Santa Barbara, CA, perfect for an owner-occupant seeking to live in one unit and rent out the other. Situated on an oversized lot, this beautifully remodeled property features open-concept units, each with a spacious kitchen that seamlessly flows into the living area, ideal for entertaining and everyday comfort. The interiors boast luxury vinyl flooring, stylish wainscoting on ceilings in select areas, new sinks, appliances, faucets, cabinets, and updated light fixtures throughout. Both units offer fully renovated bathrooms with contemporary finishes and large closets for generous storage. A convenient enclosed laundry area is shared between the units. With its expansive outdoor space offering potential for landscaping or future enhancements, this turnkey duplex combines modern elegance with income-generating potential in a prime Santa Barbara location. Don't miss your chance to own and rent in this vibrant coastal community!

Last Agent to Sell the Property

Larry Krogh

LIV Sotheby's International Realty License #01305510 Listed on: 07/02/2025

Last Buyer's Agent

Valerie Menke

Berkshire Hathaway HomeServices California Properties License #02192021

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,639

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

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

  • Adams Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Additional Features

  • 6,098 Sq Ft Lot
  • Stove
  • Laundry Room
  • Property is near an ocean

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 039-022-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,639

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Property Information Apx # Acres: 0.14
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 4.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Amenities Gas Stove2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14

Garage/Parking

  • Open Parking Spaces: 4.0
  • Parking Features: Uncovered

Schools

  • Elementary School: Adams
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 039-022-021
  • Zoning: Other
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2025
Closed on
Jul 11, 2025
Sold by
Drd Property Investments Llc
Bought by
Hislop Kristen
Seller's Agent
Larry Krogh
LIV Sotheby's International Realty
Buyer's Agent
Valerie Menke
Berkshire Hathaway HomeServices California Properties
List Price
$1,695,000
Sold Price
$1,775,000
Premium/Discount to List
$80,000
4.72%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-98.13%
Original Mortgage
$1,420,000
Outstanding Balance
$1,420,000
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
-$76,307

Purchase Details

Closed on
Sep 4, 2024
Sold by
Taylor Susan and Nan Taylor Trust
Bought by
Drd Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$907,600
Interest Rate
6.2%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 21, 2019
Sold by
Taylor Nan
Bought by
Taylor Nan and Nan Taylor Trust

Purchase Details

Closed on
Feb 27, 2001
Sold by
Draghi Steven M and Draghi Patricia L
Bought by
Taylor Nan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
7%

Purchase Details

Closed on
Jul 14, 2000
Sold by
Draghi Steven M and Lindsay Patricia
Bought by
Draghi Steven M and Draghi Patricia L

Purchase Details

Closed on
Dec 18, 1997
Sold by
Draghi Steven M and Lindsay Patricia
Bought by
Draghi Steven M and Draghi Patricia Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.25%
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
Grant Deed $1,775,000 Old Republic Title
Grant Deed $900,000 Old Republic Title
Interfamily Deed Transfer -- None Available
Grant Deed -- Stewart Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,420,000 New Conventional
Previous Owner $907,600 Construction
Previous Owner $50,000 Credit Line Revolving
Previous Owner $325,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $440,000 Unknown
Previous Owner $440,000 Unknown
Previous Owner $47,500 Credit Line Revolving
Previous Owner $416,250 No Value Available
Previous Owner $210,000 Unknown
Previous Owner $195,000 No Value Available
Closed $27,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Sold $1,775,000 +4.7% --
07/03/2025 07/03/25 Pending -- -- --
07/02/2025 07/02/25 For Sale $1,695,000 -- --
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 $8,639 $900,000 $700,000 $200,000
2023 $8,639 $803,807 $470,698 $333,109
2022 $8,333 $788,047 $461,469 $326,578
2021 $8,140 $772,596 $452,421 $320,175
2020 $8,055 $764,674 $447,782 $316,892
2019 $7,913 $749,681 $439,002 $310,679
2018 $7,800 $734,983 $430,395 $304,588
2017 $7,541 $720,572 $421,956 $298,616
2016 $7,411 $706,444 $413,683 $292,761
2014 $7,208 $682,205 $399,489 $282,716
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2501

Santa Barbara Multiple Listing Service

APN: 039-022-021