$2,400,000
SOLD FEB 28, 2025
-- Bed
-- Bath
-- Sq Ft
0.45 Acres

Recently Sold

24% Below List Price

160 Days on Market

Highlights

  • Property is near an ocean
  • 0.45 Acre Lot
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • Property is near a park

About This Home

As of February 2025

10 units for sale with 8-9 car parking, approximately 5315 sq/ft (buyer to verify) on a 19,596 sq/ft lot, on-site laundry area. Features (9) 1 bedroom units and (1) studio unit. There is a 4 unit Victorian House, a separate duplex, a separate 1 bedroom cottage, and a separate triplex. Current rents below market. Convenient location for tenants with easy access to downtown, shopping, and Hwy 101. Excellent opportunity for an investor to purchase 10 units with development potential.

Last Agent to Sell the Property

Andy Alexander

Santa Barbara Brokers, Inc. License #01362252

Last Buyer's Agent

Andy Alexander

Santa Barbara Brokers, Inc. License #01362252

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.45 Acre Lot
  • Property is in good condition

Parking

  • Uncovered Parking

Location

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

Schools

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

Additional Features

  • Laundry Room
  • Property is near an ocean

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 027-162-012
  • Seller Concessions Offered
  • Seller Will Consider Concessions

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Apx # Acres: 0.45
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.45

Garage/Parking

  • Parking Features: Uncovered

Schools

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

Lot Info

  • Parcel #: 027-162-012
  • Zoning: R-4
  • Lot Size Sq Ft: 19602.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 9

Map

Range of Values:

Collateral Analytics

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ICE

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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
02/28/2025 02/28/25 Sold $2,400,000 -23.8% --
10/02/2024 10/02/24 Pending -- -- --
08/24/2024 08/24/24 For Sale $3,150,000 0.0% --
05/31/2024 05/31/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $3,150,000 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1288

Santa Barbara Multiple Listing Service