NOT LISTED FOR SALE

Los Olivos, CA 93441

1 Bed
1 Bath
5,311 Sq Ft
8.03 Acres

Last Sold December 12, 2014

Last sale price $1,500,000 $282 Per Sq Ft

231 Days on Market

Highlights

  • Barn
  • 8.03 Acre Lot
  • Separate Outdoor Workshop
  • Los Olivos Elementary School Rated A
  • Maid or Guest Quarters
  • Forced Air Heating System

About This Home

As of December 2014

Rare multi-family property in the Los Olivos wine country. One-of-a-kind ranch features a 2 story main house & 6 rental units on 8 acres. Private & secluded but only a few blocks from downtown Los Olivos. Property includes a 3bed/2bath main house, a duplex with 1bed/1bath each, a 2bed/1bath cottage, and 3 additional 1bed/1bath cottages. Property also includes 2 stall horse barn with tack room, horse arena, paddock with hot walker, wash rack, & pasture. Dream of the possibilities! Rentals with horse boarding. Live in main home & tenants pay your mortgage. Income property plus an owners unit for vacation getaways. Vacation rentals/Bed and Breakfast/& more. Currently $5,725 in income plus the owner-occupied mainhouse. Existing improvements are legal non-conforming according to the County. Gre

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial RE License #01318215 Listed on: 01/20/2014

Last Buyer's Agent

Scott Rosenberg

RCRE License #01456686

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8.03

Home Design

  • 5,311 Sq Ft Home
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Metal Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 1 Bedroom
  • Maid or Guest Quarters
  • 1 Full Bathroom

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Septic Tank

Additional Features

  • Washer and Dryer Hookup
  • 8.03 Acre Lot
  • Barn

Listing and Financial Details

  • Security Deposit $50,000
  • Tenant pays for electricity, gas
  • The owner pays for taxes, trash collection, water
  • Assessor Parcel Number 135-220-014

Community Details

Overview

  • 7 Units
  • 12-Story Property

Building Details

  • Operating Expense $46,870

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • FILLACRES: 8.03
  • Directions To Property: Hwy 154 to Los Olivos. Turn north/east onto Alamo Pintado Ave (away from town of Los Olivos). Take first left, continue on driveway to 2-story house.
  • Listing Member Name: Steven R Battaglia
  • Listing Office Short Id: 201000376
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 349787.00
  • Major Area: 38 - Santa Ynez Valley
  • Open House Office I D: 20170308161134642206000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 4112
  • Selling Office Short Id: 910
  • Building Stories: 12
  • Unit Levels: One, Two
  • Income And Expenses Annual Operating Exp: 46870.00
  • Income And Expenses Cap Rate: 4.00
  • Landlord Pays: Taxes, Trash Collection, Water
  • Special Features: None
  • Stories: 12

Interior Features

  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Laundry: Washer/Dryer Hookup

Exterior Features

  • Additional Buildings: Barn, Guest Quarters, Tool Shed, Workshop
  • Exterior: Wood Siding
  • Foundation: Pillar/Post/Pier, Raised
  • Roof: Composition, Metal, Shingle

Utilities

  • Air Conditioner: Other
  • Heating: Electric, Forced Air, Natural Gas, Wall Furnace
  • Sewer: Septic Tank
  • Separate Meters: Electric, Gas

Lot Info

  • Zoning Description: Residential Rural

Rental Info

  • Deposit: 50000.00
  • Tenant Pays: Electricity, Gas

Tax Info

  • Assessor Parcel Number: 135-220-014

Multi Family

  • Total Number Units: 7

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2014 12/12/14 Sold $1,500,000 -- $282 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $20,502 $1,890,892 $1,171,800 $719,092
2023 $20,502 $1,817,469 $1,126,299 $691,170
2022 $19,892 $1,781,833 $1,104,215 $677,618
2021 $19,587 $1,746,896 $1,082,564 $664,332
2020 $19,204 $1,728,985 $1,071,464 $657,521
2019 $18,821 $1,695,084 $1,050,455 $644,629
2018 $17,694 $1,584,397 $1,029,858 $554,539
2017 $17,445 $1,553,331 $1,009,665 $543,666
2016 $16,917 $1,522,874 $989,868 $533,006
2015 $16,131 $1,500,000 $975,000 $525,000
2014 $1,356 $121,960 $67,980 $53,980
Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2014

    Steve Battaglia

    Battaglia Commercial RE

    (805) 688-5333

    5 in this area

    74 Total Sales

    Steve Battaglia
    Section Image

  • S

    Buyer's Agent in 2014

    Scott Rosenberg

    RCRE

    (310) 543-1031

    1 Total Sale

    Scott Rosenberg
    Section Image
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Source: North Santa Barbara County Regional MLS

MLS Number: 1040406

North Santa Barbara County Regional MLS
California Santa Barbara County Los Olivos

93441

Not Listed for Sale

MultiFamily

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