NOT LISTED FOR SALE
8 Beds
7 Baths
-- Sq Ft
0.28 Acre Lot

Sale Details

Date 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 12,197 Sq Ft 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

0.28 Acres

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

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
May 20, 2016
Sold by
Bought by

Purchase Details

Closed on
May 10, 2016
Sold by
Bought by

Purchase Details

Listed on
Jun 14, 2012
Closed on
Aug 25, 2012
Sold by
Bought by
Seller's Agent
Allan S. Jones
Santa Ynez Valley Real Estate
Buyer's Agent
Rebecca Gowing
WHY USA Preferred Properties
Sold Price
$780,000

Purchase Details

Closed on
May 2, 2001
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
$300,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2000
Sold by
Bought by
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
-- First American Title Company
$1,150,000 First American Title Company
$780,000 Fidelity National Title Co
-- Chicago Title Co
-- Chicago Title Co
$419,000 Chicago Title Co
$192,000 Lawyers Title Company
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
Open $962,500
Previous Owner $300,000
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
09/28/2012 09/28/12 Sold $780,000 -- --
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 $15,158 $1,430,140 $664,107 $766,033
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

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 187465

North Santa Barbara County Regional MLS
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