$4,850,000
SOLD DEC 4, 2024

110 Bodega Ln Santa Barbara, CA 93110

Hope Neighborhood
-- Bed
-- Bath
12,701 Sq Ft
0.48 Acres

Recently Sold

$382 Per Sq Ft

8% Below List Price

76 Days on Market

Highlights

  • 0.48 Acre Lot
  • Deck
  • Cooling Available
  • La Colina Junior High School Rated A
  • Property is near public transit
  • Patio

About This Home

As of December 2024

This apartment complex is well located in the Upper Street Street area of Santa Barbara. Close proximity to La Cumbre Plaza and Five Points Shopping centers. 10 of the 14 units are two-story townhouse style units. Property needs improvements, but the upside is the current rents are 32% below market rents.

Last Agent to Sell the Property

Jim Turner

JT Real Estate Group License #00970829

Last Buyer's Agent

Gene Deering

Radius Group Commercial R.E. License #01450943

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.48 Acre Lot
  • Property is in average condition

Home Design

  • Slab Foundation

Interior Spaces

  • 12,701 Sq Ft Home
  • 2-Story Property
  • Video Cameras

Kitchen

  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher
  • Compactor
  • Disposal

Flooring

  • Carpet
  • Vinyl Plank

Parking

  • 3 Open Parking Spaces
  • 15 Parking Spaces
  • 12 Carport Spaces

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Adams Elementary School
  • Lacolina Middle School
  • San Marcos High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 057-232-025

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $144,926
  • Gross Income $380,570
  • Net Operating Income $230,507

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1966
  • Income Expenses Annual Income: 380570.0
  • Capitalization Rate: 4.35%
  • Gross Rent Multiplier: 13.9
  • Annual Expenses: 144926.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 15.0
  • Building Stories: 2
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Security Camera
  • Reso Flooring: Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1966
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 12.0
  • Parking Info Total # Unconvered Spaces: 3.0
  • Foundation:Slab: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 12701.0
  • Proximity Near Shopping2: Yes
  • Security Security Camera2: Yes
  • Property Information Apx Lot SqFt: 20720.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 2.0
  • Condition Fair2: Yes
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • Amenities Patio2: Yes
  • Amenities Elec Stove: Yes
  • HeatingCooling Elec: Yes
  • Amenities OvensBltin: Yes
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: 230507
  • Amenities Compactor: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.48
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 3.0
  • Parking Features: Carport, Uncovered
  • Total Parking Spaces: 15.0

Utilities

  • Heating: Radia, Elec
  • HeatingYN: Yes

Schools

  • Elementary School: Adams
  • High School: San Marcos
  • Middle Or Junior School: LaColina

Lot Info

  • Parcel #: 057-232-025
  • Zoning: R-4
  • Lot Size Sq Ft: 20720.0

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 380570.0
  • Annual Operating Expense: 144926.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
12/04/2024 12/04/24 Sold $4,850,000 -8.5% $382 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
08/10/2024 08/10/24 For Sale $5,300,000 -- $417 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2640

Santa Barbara Multiple Listing Service

California Santa Barbara County Santa Barbara 93110 Hope

110 Bodega Ln, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 110 Bodega Ln, Santa Barbara, CA 93110 and is currently priced at $4,850,000, approximately $381 per square foot. This property was built in 1966. 110 Bodega Ln is a home located in Santa Barbara County with nearby schools including Monte Vista Elementary School, La Colina Junior High School, and Santa Barbara Senior High School.

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