NOT LISTED FOR SALE
1 Bed
1 Bath
5,311 Sq Ft
8.03 Acre Lot

Sale Details

Date Sold: December 12, 2014

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

231 Days on Market

Highlights

  • Barn
  • Guest Quarters
  • Forced Air Heating System
  • 8.03 Acre Lot
  • Separate Outdoor Workshop
  • Wood Siding

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

RCRE
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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
  • 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

8.03 Acres

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

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
Sep 13, 2023
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 2021
Sold by
Bought by

Purchase Details

Listed on
Jan 20, 2014
Closed on
Jan 22, 2015
Sold by
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial RE
Buyer's Agent
Scott Rosenberg
RCRE
Sold Price
$1,500,000

Purchase Details

Closed on
Oct 1, 2014
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
$800,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2002
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
$442,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Listed On Document
-- None Available
-- None Available
-- None Available
$1,500,000 First American Title Company
-- First American Title Co
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
Previous Owner $1,425,000
Previous Owner $1,365,000
Previous Owner $800,000
Previous Owner $8,500
Previous Owner $900,000
Previous Owner $810,000
Previous Owner $690,000
Previous Owner $442,000
Previous Owner $259,000
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
12/12/2014 12/12/14 Sold $1,500,000 -- $282 / Sq Ft
Source: North Santa Barbara County Regional MLS

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
2026 $20,790 $1,928,709 $1,195,236 $733,473
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

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 1040406

North Santa Barbara County Regional MLS
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