NOT LISTED FOR SALE

Solvang, CA 93463

8 Beds
7 Baths
-- Sq Ft
0.28 Acres

Last Sold September 28, 2012

Last sale price $780,000

105 Days on Market

Highlights

  • Coin Laundry
  • Level Lot
  • Wood Siding
  • Solvang Elementary School Rated A

About This Home

As of September 2012

Rarely available residential income property in Solvang with seven units total. Two buildings total. Two story 5-plex with 1 bedroom units rented for $875/mo; and one single story duplex - one 2 bedroom unit at $1400/mo plus one studio at $750/mo. Addition income from and garage storage of $175; and coin operated laundry averages around $120/month. 2 bedroom unit has been rented in the past for $1650/mo. Address is also known as 415 Ash Lane, Solvang.

Last Agent to Sell the Property

Allan S. Jones

Santa Ynez Valley Real Estate License #00984793 Listed on: 06/14/2012

Co-Listed By

Tony Valdes

Triple T Realty

Last Buyer's Agent

Rebecca Gowing

WHY USA Preferred Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 139-171-005

Community Details

Building Details

  • Operating Expense $44,439
  • Net Operating Income $38,841

Additional Features

  • 7 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • FILLACRES: 0.28
  • ApproxYrBlt: 1964
  • Directions To Property: Hwy 246 to 5th St. South to Ash Lane. Turn west to property.
  • Listing Member Name: Allan S. Jones
  • Listing Office Short Id: 201000032
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 12197.00
  • Major Area: 38 - Santa Ynez Valley
  • Open House Office I D: 20170308161130873574000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 00646251
  • Selling Office Short Id: 2709
  • Building Stories: 2
  • Tract Suffix: Street
  • Unit Levels: Two
  • Geen Feat.: Paved Streets
  • Income And Expenses Annual Operating Exp: 44439.00
  • Income And Expenses Cap Rate: 4.29
  • Special Features: None
  • Stories: 2
  • Year Built: 1964

Interior Features

  • Total Bathrooms: 7.00
  • Total Bedrooms: 8
  • Laundry: Coin Op, Laundry Eq/Own

Exterior Features

  • Exterior: Wood Siding
  • Foundation: Raised, Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking: Street

Utilities

  • Air Conditioner: Other
  • Heating: Other Heat

Lot Info

  • Lot Characteristics: Level
  • Zoning Description: Multi-Fam R4

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Assessor Parcel Number: 139-171-005

Multi Family

  • Income And Expenses Net Operating Income: 38841.00
  • Efficiency Studio Rent Range: 750
  • Total Number Units: 7
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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
09/28/2012 09/28/12 Sold $780,000 -- --
Source: North Santa Barbara County Regional MLS

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 $14,890 $1,402,099 $651,086 $751,013
2023 $14,890 $1,347,655 $625,804 $721,851
2022 $13,966 $1,280,055 $613,534 $666,521
2021 $13,775 $1,257,456 $601,504 $655,952
2020 $13,572 $1,244,589 $595,337 $649,252
2019 $13,302 $1,220,235 $583,664 $636,571
2018 $13,085 $1,196,359 $572,220 $624,139
2017 $12,867 $1,172,950 $561,000 $611,950
2016 $8,755 $811,280 $364,081 $447,199
2015 $8,417 $799,133 $358,613 $440,520
2014 $8,253 $783,529 $351,589 $431,940
Source: Public Records

Agents Affiliated with this Home

  • Allan S. Jones

    Seller's Agent in 2012

    Allan S. Jones

    Santa Ynez Valley Real Estate

    (805) 688-5717

    39 in this area

    127 Total Sales

    Allan S. Jones
    Section Image

  • T

    Seller Co-Listing Agent in 2012

    Tony Valdes

    Triple T Realty

  • R

    Buyer's Agent in 2012

    Rebecca Gowing

    WHY USA Preferred Properties

See All Agents

Source: North Santa Barbara County Regional MLS

MLS Number: 187465

North Santa Barbara County Regional MLS
California Santa Barbara County Solvang

93463

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Santa Barbara County Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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