NOT LISTED FOR SALE
26 Beds
26 Baths
14,040 Sq Ft
71,003 Sq Ft Lot

Last Sold August 26, 2015

Last sale price $5,200,000 $370 Per Sq Ft

107 Days on Market

Highlights

  • 1.63 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities
  • Vieja Valley Elementary School Rated A
  • Garage

About This Home

As of August 2015

Fantastic income property in the Hope Ranch Annex area. First time on the market since constructed! Must-see property! 13 townhouses, all 2 story, 2Bed/1.5Bath, nearly 1,100 SF ea. All feature private patios w/ new vinyl fencing & newer kitchen appliances incl dishwashers. Attractive floorplans; 9 units with fireplaces. 8 units built in 1991; 5 units in 1975. Property has new roofs, front doors, exterior lighting. Driveway recently resurfaced. Each unit has detached garage/w storage. 17 off-street parking. 4 units recently upgraded, getting over $2100/mo in rent. Sep metered for water, electric, & gas. Large 1.625 acre lot, which incl approx 1/3 acre excess land. Current zoning DR-8; underlying comprehensive zoning DR-12.3, which allows for 12.3 units/acre. Owner working with County to upz

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial RE License #01318215 Listed on: 05/11/2015

Last Buyer's Agent

Non member Out of Town

SY Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 1.63 Acre Lot

Parking

  • Garage

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 14,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 26 Bedrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter

Community Details

  • Laundry Facilities
  • Operating Expense $106,000

Listing and Financial Details

  • Security Deposit $100,000
  • Tenant pays for electricity, gas, water
  • The owner pays for gardener, taxes, trash collection
  • Assessor Parcel Number 061-092-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

1.63 Acres

Listing Details

  • FILLACRES: 1.63
  • ApproxYrBlt: 1991
  • Directions To Property: North: Hwy 101 S to State St exit CA-154. RT on State St, becomes Hollister Ave. LT onto Modoc Rd. 0.2 mi on LT. From South: Hwy 101 N to State St exit. LT onto State, 1.1 mile then LT onto Modoc.
  • Listing Member Name: Steven R Battaglia
  • Listing Office Short Id: 201000376
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 70785.00
  • Major Area: 99 - Out of Area
  • Open House Office I D: 20170308161134642206000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 2822
  • Selling Office Short Id: 201000042
  • Building Stories: 2
  • Tract Suffix: Road
  • OFFICELIST_ZIP4: 1829
  • Unit Levels: Two
  • Income And Expenses Annual Operating Exp: 106000.00
  • Income And Expenses Cap Rate: 3.53
  • Landlord Pays: Gardener, Taxes, Trash Collection
  • Special Features: None
  • Stories: 2
  • Year Built: 1991

Interior Features

  • Lower Floor 1 Half Bathrooms: 13
  • Total Bathrooms: 26.00
  • Total Bedrooms: 26
  • Laundry: Common, Laundry Eq/Own

Exterior Features

  • Exterior: Stucco
  • Foundation: Slab
  • Roof: Flat

Garage/Parking

  • Parking: 26 - 50, Garage

Utilities

  • Air Conditioner: None
  • Heating: Forced Air, Wall Furnace
  • Separate Meters: Electric, Gas, Water

Lot Info

  • Zoning Description: Other, See Remarks

Rental Info

  • Deposit: 100000.00
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Assessor Parcel Number: 061-092-017
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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
08/26/2015 08/26/15 Sold $5,200,000 -- $370 / Sq Ft
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 $71,127 $6,155,741 $4,143,289 $2,012,452
2023 $71,127 $5,916,708 $3,982,401 $1,934,307
2022 $68,825 $5,800,695 $3,904,315 $1,896,380
2021 $66,560 $5,686,957 $3,827,760 $1,859,197
2020 $65,917 $5,628,646 $3,788,512 $1,840,134
2019 $64,140 $5,518,281 $3,714,228 $1,804,053
2018 $62,778 $5,410,080 $3,641,400 $1,768,680
2017 $61,589 $5,304,000 $3,570,000 $1,734,000
2016 $59,338 $585,686 $74,330 $511,356
2015 $11,361 $576,889 $73,214 $503,675
2014 $11,551 $565,589 $71,780 $493,809
Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 1054855

North Santa Barbara County Regional MLS
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