Seller's Agent in 2022
Steve Golis
Radius Group Commercial R.E.
(805) 879-9624
7 in this area
89 Total Sales
Estimated Value: $3,558,977
Studio
--
Bath
--
Sq Ft
21,344
Sq Ft Lot
Highlights
- 0.49 Acre Lot
- Wood Flooring
- Patio
- Goleta Valley Junior High School Rated A
- Fireplace
About This Home
As of November 2022This 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
Radius Group Commercial R.E. License #00772218 Listed on: 01/28/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 21,344 Sq Ft 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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,977
Avg. Annual Appreciation
5.14%
Original Mortgage
$1,900,000
Outstanding Balance
$1,836,341
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$1,722,636
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
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Home Values in the Area
Average Home Value in this Area
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
| 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
Source: Santa Barbara Multiple Listing Service
MLS Number: 22-248
APN: 071-101-015
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