$2,250,000
SOLD NOV 8, 2024

1403 Bath St Santa Barbara, CA 93101

Oak Park Neighborhood
-- Bed
-- Bath
-- Sq Ft
9,148 Sq Ft Lot

Recently Sold

17 Days on Market

Highlights

  • Property is near a park
  • Laundry Room
  • Property is in excellent condition
  • Santa Barbara Senior High School Rated A-

About This Home

As of November 2024

Immaculately maintained 6-unit property in Downtown Santa Barbara. First time available in over 50 years. Originally built in the 1920's this two-story gem features street frontage access from both Bath Street & Sola St. A highly desired Santa Barbara location with ample off-street parking, private laundry facilities, plus storage & workshop space. Beautiful & private gardens, patios, & outdoor spaces make this property an incredible private oasis for its occupants. Tenants love this beautiful & superb location, conveniently located close to shopping, dining, entertainment, beaches, & much more. The property is in excellent condition & shows true pride of ownership. Great investment opportunity w/ upside potential. See the numerous photos & virtual tour to experience the amazing property!

Last Agent to Sell the Property

Kevin Goodwin

Goodwin & Thyne Properties License #01376204

Last Buyer's Agent

Christopher Hunt

Compass License #01326111

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Property is in excellent condition

Home Design

  • Raised Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near shops
  • Property is near a bus stop

Schools

  • Peabody Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • The owner pays for trash collection, water, gas, electricity, heat
  • Assessor Parcel Number 039-052-017
  • Seller Concessions Offered

Community Details

Overview

  • 6 Units
  • 15 Or 20 Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $2,452
  • New Taxes Expense $2,039
  • Operating Expense $27,874
  • Gross Income $124,476
  • Net Operating Income $79,345

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 124476.0
  • Capitalization Rate: 3.53
  • Gross Rent Multiplier: 18.07
  • Annual Expenses: 27874.0
  • Monthly Income: 10310.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 6.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, Bldg
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 6.0
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Foundation Raised2: Yes
  • IncomeExpenses Taxes6: 2039.0
  • Income Expenses Actual: Yes
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: 79345.00
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Foundation Details: Raised

Garage/Parking

  • Open Parking Spaces: 6.0
  • Parking Features: Uncovered
  • Total Parking Spaces: 6.0

Schools

  • Elementary School: Peabody
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 039-052-017
  • Zoning: R-4

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity, Heat

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 124476.0
  • Insurance Expense: 2452.0
  • Annual Operating Expense: 27874.0
  • Total Actual Rent: 10310.0

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
11/08/2024 11/08/24 Sold $2,250,000 0.0% --
09/29/2024 09/29/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $2,250,000 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3014

Santa Barbara Multiple Listing Service

California Santa Barbara County Santa Barbara 93101 Oak Park

1403 Bath St, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 1403 Bath St, Santa Barbara, CA 93101 and is currently priced at $2,250,000. This property was built in 1920. 1403 Bath St is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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