$5,250,000 Price Analysis   ♡   Santa Barbara, CA 93101 16 bed 14 bath unknown SqFt ($0/SqFt) 0.41 acre lot. Built 1964 Listed 2024-06-08, Taxes $16,364 | Ⓧ USDA Ineligible due to price & location near Santa Barbara |
Enjoy the benefits of a short-term typical investor return for the area
While working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches and Santa Barbara City College.
Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral mprovements. See Offering Memorandum in Documents.
Presented by Randy Freed at
Berkshire Hathaway HomeServices California Properties.
Property MLS #V1-23995 from CRMLS
Appliances YN: Yes
Laundry Features: Community
Heating: Yes
Lot Size Square Feet: 17860
Parking Total: 16
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-1: 16
Total Bathrooms in Unit-1: 14
County: Santa Barbara
Cap Rate: 3.76
Source Property Type: Residential Income
Area: VC81 - Santa Barbara
Source Neighborhood: VC81 - Santa Barbara
Number of Separate Electric Meters: 14
Number of Separate Gas Meters: 1
Parcel Number: 043132013
Postal Code Plus 4: 4047
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $920,853 + $613,900 $1,534,753 | $16,364 |
| 2021 | $902,798 + $601,863 $1,504,661 | $15,986 |
| 2020 | $893,541 + $595,692 $1,489,233 | $15,821 |
| 2019 | $876,021 + $584,012 $1,460,033 | $15,546 |
| 2018 | $858,845 + $572,561 $1,431,406 | $15,326 |
| 2017 | $842,005 + $561,335 $1,403,340 | $14,820 |
| 2016 | $825,496 + $550,329 $1,375,825 | $14,478 |
| 2015 | $813,097 + $542,063 $1,355,160 | $14,319 |
| 2014 | $797,170 + $531,445 $1,328,615 | $14,084 |
| 2013 | $793,568 + $529,044 $1,322,612 | $14,021 |
| 2012 | $778,008 + $518,671 $1,296,679 | $13,594 |
| 2010 | $762,753 + $508,501 $1,271,254 | $13,168 |
| 2009 | $758,852 + $505,900 $1,264,752 | $13,198 |
| 2009 | $757,053 + $504,701 $1,261,754 | $13,198 |
| 2008 | $743,973 + $495,981 $1,239,954 | $12,886 |
| 2007 | $729,386 + $486,256 $1,215,642 | $12,530 |
$5,250,000
CRMLS
Listed 2024-05-03
$5,250,000
SantaBarbara
Listing removed 2020-09-29
$0
SantaBarbara
Price Changed for rent 2020-09-18
$2,300
SantaBarbara
Listed for rent 2020-09-02
$2,350
SantaBarbara
Listing removed 2019-05-08
$0
SantaBarbara
Price Changed for rent 2019-04-16
$2,150
SantaBarbara
Price Changed for rent 2019-04-08
$2,195
SantaBarbara
Price Changed for rent 2019-03-28
$2,245
SantaBarbara
Listed for rent 2019-03-19
$2,300
SantaBarbara
Listing removed 2016-05-11
$1,485
SantaBarbara
Listed for rent 2016-04-27
$1,485
SantaBarbara
Listing removed 2016-04-23
$1,485
SantaBarbara
Price Changed for rent 2016-04-19
$1,485
SantaBarbara
Price Changed for rent 2016-04-14
$1,500
SantaBarbara
Listed for rent 2016-04-08
$1,540
SantaBarbara
Listing removed 2011-03-02
$1,150
SantaBarbara
Listed for rent 2011-02-18
$1,150
SantaBarbara
Sold 1994-02-24
$950,000
Public Record
Sold 1994-02-22
$132,500
Public Record
Building Features: 1
Common Walls: 2+ Common Walls
Construction Materials: Stucco
Foundation Details: Slab
Property Age: 60
Property Attached: Yes
Roof: Composition
Levels or Stories: Two
House Style: Contemporary
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.