$4,950,000

Estimated payment $30,260/month

Total Views 14,716
2 Beds
6 Baths
7,525 Sq Ft
$658 Price per Sq Ft

Highlights

  • Ocean View
  • Spa
  • Spanish Architecture
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • Central Heating

About This Home

Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1 block off State Street and close to all restaurants, shops, and downtown amenities. A rare offering, trophy investment property in the California Riviera.

Listing Agent

Robert Sandefer

The Agency License #01996491

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,584

Year Built

  • Built in 1987

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 32 x 228

Property Views

  • Ocean
  • City
  • Mountain

Home Design

  • Spanish Architecture
  • Clay Roof

Interior Spaces

  • 7,525 Sq Ft Home
  • 3-Story Property
  • Elevator

Flooring

  • Wood
  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 6 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Covered Spaces
  • Covered Parking
  • Assigned Parking

Additional Features

  • Spa
  • Central Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 039-172-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,584

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Three Or More
  • Street Number Display: Yes
  • Disability Access: Handicap Access
  • Living Area: 7525
  • Lot Acreage: 0.1700
  • Lot Dimensions: 32 x 228
  • Stories: 3
  • Year Built: 1987
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Stained Concrete, Hardwood, Stone Tile
  • Bedrooms: 2
  • Total Bathrooms: 6.00
  • Equipment: Elevator
  • Price Per S Q F T: 657.81

Exterior Features

  • Other Structures: None
  • Pool Expense: 1450.00
  • Pool: No
  • Roof: Clay
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City, Ocean, Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 10
  • Covered Parking: 2
  • Parking Garage: Assigned, Covered Parking
  • Total Parking: 12

Utilities

  • Cooling: Air Conditioning
  • Electric Expense: 11000.00
  • Heating: Central
  • Water Expense: 3000.00

Fee Information

  • Elevator Expense: 1940.00
  • Gas Expense: 1800.00
  • Insurance Expense: 4646.00
  • Management Expense: 1200.00
  • Trash Expense: 1236.00

Lot Info

  • Assessed Improvement Percent: 65.59
  • Assessed Improvement Value: 3279500
  • Assessed Land Percent: 34.41
  • Assessed Land Value: 1720500
  • Total Assessed Value: 5000000
  • Assessor Parcel Number: 039-172-002
  • Lot Size Area: 7405

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.68
  • Number Of Units: 3
  • Total Annual Expense: 61732
  • Type Of Units: Mixed Use
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 31020.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2023 $31,584 $2,923,509 $1,006,066 $1,917,443
2022 $30,479 $2,866,187 $986,340 $1,879,847
2021 $29,781 $2,809,988 $967,000 $1,842,988
2020 $29,474 $2,781,176 $957,085 $1,824,091
2019 $28,961 $2,726,644 $938,319 $1,788,325
2018 $28,552 $2,673,181 $919,921 $1,753,260
2017 $27,609 $2,620,767 $901,884 $1,718,883
2016 $26,891 $2,569,380 $884,200 $1,685,180
2014 $26,158 $2,481,213 $853,859 $1,627,354
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 For Sale $4,950,000 0.0% $658 / Sq Ft
06/07/2024 06/07/24 Rented $6,950 0.0% --
05/03/2024 05/03/24 For Rent $6,950 +22.0% --
05/05/2020 05/05/20 Rented -- -- --
05/05/2020 05/05/20 Under Contract -- -- --
03/27/2020 03/27/20 For Rent $5,695 -18.6% --
04/10/2018 04/10/18 Rented -- -- --
03/11/2018 03/11/18 Under Contract -- -- --
03/01/2018 03/01/18 For Rent $7,000 -- --
Source: The MLS

Deed History

Date Type Sale Price Title Company
Grant Deed $2,475,000 Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Grant Deed -- Fidelity National Title Co
Individual Deed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 Credit Line Revolving
Open $600,000 Commercial
Previous Owner $1,000,000 Commercial
Previous Owner $1,752,436 Commercial
Previous Owner $2,075,000 Commercial
Previous Owner $1,500,000 Commercial
Previous Owner $600,000 Commercial
Previous Owner $2,450,000 Commercial
Previous Owner $1,250,000 Commercial
Previous Owner $442,180 Seller Take Back
Source: Public Records

Source: The MLS

MLS Number: 24-455641

The MLS

APN: 039-172-002