NOT LISTED FOR SALE

Goleta, CA 93111

East Goleta Valley Neighborhood

Estimated Value: $3,463,929

-- Bed
-- Bath
-- Sq Ft
0.49 Acres

Last Sold November 02, 2022

Last sale price $3,000,000

Est. 15% increase in value since last sale

Current estimated payment $21,108/month

12 Days on Market

Highlights

  • 0.49 Acre Lot
  • Wood Flooring
  • Patio
  • Goleta Valley Junior High School Rated A
  • Fireplace

About This Home

As of November 2022

This is a mixed-use property with one commercial and six residential units
across the street from Goleta Valley Cottage Hospital and close access to Hwy. 217 and U.S. 101 Freeway.
The residential units consist of (2) 1BD/1BA units and (4) 2BD/1BA units. All the residential units have been updated and are
in very good condition. This property is also zoned Community commercial, which gives the owner the ability to re-position the property at some point down the road. This property is low maintenance and an easy-to-manage opportunity for any investor. The renovations to the cottage units include: updated kitchens and baths, vaulted ceilings and laminate flooring, freshly painted exteriors and interiors, private patios/porches. Most units have their own washer and dryer. The commercial space is operating as a coffee shop currently and features commercial kitchen.

PLEASE DO NOT DISTURB THE OCCUPANTS

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 01/28/2022

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 01/28/2022

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.49 Acre Lot
  • Property is in good condition

Flooring

  • Wood
  • Vinyl Plank

Laundry

  • Laundry in unit
  • Washer

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Schools

  • Hollister Elementary School
  • Gol Valley Middle School
  • San Marcos High School

Additional Features

  • Fireplace
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 071-101-015

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $3,450
  • Licenses Expense $1,219
  • Maintenance Expense $2,400
  • Water Sewer Expense $3,980
  • New Taxes Expense $32,733
  • Operating Expense $53,837
  • Net Operating Income $117,271

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1957
  • Capitalization Rate: 3.79
  • Gross Rent Multiplier: 174600
  • Income Expenses Licenses: 1219.0
  • Maintenance Expense: 2400.0
  • Annual Expenses: 53837.0
  • Monthly Income: 14550.0
  • Income Expenses Water Expense: 3980.0
  • Miscellaneous Parking Spaces: 8.0
  • ResoLaundryFeatures: In Unit
  • Income And Expenses Maintenance Expense: 2400.0
  • Reso Flooring: Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1957
  • Property Information Apx # Acres: 0.49
  • NeighborhoodSchools Elementary School: Hollister
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: San Marcos
  • Condo:Laundry in Unit: Yes
  • Parking Info Uncovered: Yes
  • Condition Good2: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Property Information Apx Lot Size FxD: 21344
  • Amenities Washer2: Yes
  • Amenities Patio2: Yes
  • IncomeExpenses Taxes6: 32733.0
  • IncomeExpenses NOI2: 117271
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.49

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 8.0

Association/Amenities

  • Fireplace: Yes

Fee Information

  • Annual Water Sewer Expense: 3980.0

Schools

  • Elementary School: Hollister
  • High School: San Marcos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 071-101-015
  • Zoning: Other
  • Lot Size Sq Ft: 21344.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Insurance Expense: 3450.0
  • Annual Operating Expense: 53837.0
  • Total Actual Rent: 14550.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Oct 24, 2022
Sold by
Sbmr Llc
Bought by
1418 Almond Llc
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
Sold Price
$3,000,000
Current Estimated Value
$3,463,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,929
Avg. Annual Appreciation
4.66%
Original Mortgage
$1,900,000
Outstanding Balance
$1,836,341
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$1,627,588

Purchase Details

Closed on
Jan 23, 2019
Sold by
St George Edward
Bought by
Sbmr Llc

Purchase Details

Closed on
Aug 14, 2012
Sold by
St George Edward
Bought by
St George Edward

Purchase Details

Closed on
Jun 26, 2012
Sold by
St George Claudia
Bought by
St George Edward

Purchase Details

Closed on
Jun 25, 2012
Sold by
Beaumont Laurence N
Bought by
St George Edward

Purchase Details

Closed on
Jan 31, 2001
Sold by
Clifton Taylor Joanna and Clifton Joanna C
Bought by
Taylor Joanna C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
1418 Almond Llc $3,000,000 First American Title
Sbmr Llc -- None Available
St George Edward -- First American Title Company
St George Edward -- Fidelity National Title Co
St George Edward $1,350,000 Fidelity National Title Co
Taylor Joanna C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1418 Almond Llc $1,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2022 11/02/22 Sold $3,000,000 -- --
02/09/2022 02/09/22 Pending -- -- --
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 $35,522 $3,121,200 $1,560,600 $1,560,600
2023 $35,522 $3,000,000 $1,500,000 $1,500,000
2022 $14,420 $1,041,570 $745,672 $295,898
2021 $14,225 $1,021,148 $731,051 $290,097
2020 $13,927 $1,010,678 $723,555 $287,123
2019 $13,725 $990,862 $709,368 $281,494
2018 $13,404 $971,434 $695,459 $275,975
2017 $13,147 $952,387 $681,823 $270,564
2016 $12,493 $933,713 $668,454 $265,259
2014 $12,379 $901,674 $645,517 $256,157
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2022

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    7 in this area

    92 Total Sales

    Steve Golis
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Source: Santa Barbara Multiple Listing Service

MLS Number: 22-248

Santa Barbara Multiple Listing Service

APN: 071-101-015

California Santa Barbara County Goleta 93111

East Goleta Valley

Not Listed for Sale

MultiFamily

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