$7,600,000 Price Analysis   ♡   Santa Barbara, CA 93101 13 bed 8 bath unknown SqFt ($0/SqFt) Built 1859 Listed 2024-02-07, Taxes $25,772 | Ⓧ USDA Ineligible due to price & location near Santa Barbara |
11 UNITS ON 2 PARCELS WITH 5.21% CAP RATE - Tucked away in the picturesque heart of downtown Santa Barbara
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1514/1520 Garden St. presents a rare and highly coveted investment opportunity. Units consist of (1) 7 bed/5.5 bath house, (1) 3 bed/3 bath ADU, (2) 2 bed/2 bath ADUs, (6) 1 bed/1bath units and (1) studio. Both original structures have been designated as a Structure of Merit by the Historic Landmarks Commission, however, each unique unit has been extensively remodeled with high-quality finishes and new appliances.
The exterior of the property is equipped with new 40-year roofs and solar panels, ensuring hassle-free maintennce for years to come. Tenants enjoy the ease of off -street parking and washer/dryers in each unit.
Presented by Steven J Golis at
Radius Group Commercial R.E.
Property MLS #24-405 from SantaBarbara
Full Bathrooms: 7
1/2 Bathrooms: 1
Calculated Total Monthly Association Fees: 0
High School: S.B. Sr.
Middle School: S.B. Jr.
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 2
Full Bathrooms in Unit-4: 4
Half Bathrooms in Unit-1: 1
Unit-1 Furnished Description: N
County: Santa Barbara
Source Property Type: Res Inc
Area: 15 - SB/EAST OF STATE
MLS Area Minor: 15 - SB/EAST OF STATE
Source Neighborhood: 15 - SB/EAST OF STATE
Parcel Number: 027-251-020
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $721,397 + $1,700,434 $2,421,831 | $25,772 |
| 2021 | $707,252 + $1,667,093 $2,374,345 | $25,180 |
| 2020 | $700,000 + $1,650,000 $2,350,000 | $24,921 |
| 2019 | $473,046 + $365,004 $838,050 | $8,949 |
| 2018 | $463,771 + $357,848 $821,619 | $8,822 |
| 2017 | $454,678 + $350,832 $805,510 | $8,531 |
| 2016 | $445,763 + $343,953 $789,716 | $8,373 |
| 2015 | $439,068 + $338,787 $777,855 | $8,282 |
| 2014 | $430,468 + $332,151 $762,619 | $8,147 |
| 2013 | $428,523 + $330,650 $759,173 | $8,110 |
| 2012 | $420,121 + $324,167 $744,288 | $7,848 |
| 2010 | $411,884 + $317,811 $729,695 | $7,602 |
| 2009 | $409,778 + $316,186 $725,964 | $7,619 |
| 2009 | $408,806 + $315,436 $724,242 | $7,619 |
| 2008 | $401,744 + $309,987 $711,731 | $7,417 |
| 2007 | $393,867 + $303,909 $697,776 | $7,212 |
$0
NSBCRMLS
Sold 2024-05-21
$7,250,000
SantaBarbara
Relisted 2024-03-11
$7,600,000
SantaBarbara
Listing removed 2024-02-13
$0
SantaBarbara
Listed 2024-02-07
$7,600,000
SantaBarbara
Sold 2019-08-30
$2,350,000
Public Record
Sold 1993-09-24
$425,000
Public Record
Property Age: 165
Property Condition: Excellent
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.