$1,750,000
SOLD OCT 1, 2024

1830 De la Vina St Santa Barbara, CA 93101

Oak Park Neighborhood
-- Bed
-- Bath
2,352 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$744 Per Sq Ft

10% Below List Price

7 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-

About This Home

As of October 2024

Prime Multi-Unit Investment Opportunity in Santa Barbara

Perfectly situated near Downtown Santa Barbara and Cottage HospitalThis 4 unit residential income property has three-occupied and one-vacant . This property features four 1-bedroom, 1-bathroom units, each with a dedicated off-street parking spot and its own storage unit, enhancing tenant convenience and appeal. The vacant unit is available for immediate showing. Call for Lockbox info

Key Features:

Rare Opportunity: Multi-family properties in this area are seldom available, particularly those offering both dedicated off-street parking and individual storage units for each tenant.
Location: Just 0.7 miles from Santa Barbara Cottage Hospital and 1.4 miles from Downtown Santa Barbara, offering easy access to a variety of local amenities including Trader Joe's, Ralphs Grocery, Handlebar Coffee, and Alice Keck Park Memorial Garden.
Property Details: The parcel spans approximately 8,712 SF with a total building size of 2,352 SF plus a 648 SF garage.
Financial Overview: Current average monthly gross rents stand at 8,840 with a potential increase to 9,568 per month under AB 1482. The property offers a strong CAP rate with potential growth, making it a solid investment opportunity.
Nearby Attractions: Tenants will enjoy the proximity to waterfront and State Street in the vibrant heart of Santa Barbara, making this property a sought-after rental option.

Last Agent to Sell the Property

Jody Neal

Berkshire Hathaway HomeServices California Properties License #01995725

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Bartron Real Estate Group

Berkshire Hathaway HomeServices California Properties License #01005021 / 01950975 / 00966870 / 01976075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,957

Year Built

  • Built in 1928

Home Design

  • Pillar, Post or Pier Foundation
  • Raised Foundation

Interior Spaces

  • 2,352 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry in unit

Parking

  • 4 Parking Spaces
  • Open 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

  • Property is near an ocean
  • 8,712 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 027-022-025
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Gross Income $106,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,957

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1928
  • Income Expenses Annual Income: 106080.0
  • Capitalization Rate: 3.1
  • Monthly Income: 8840.0
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit, Some
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Reso Flooring: Hardwood
  • Property Information Year Built2: 1928
  • Property Information Apx # Acres: 0.2
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 2352.0
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Foundation Pier Post: Yes
  • Foundation Raised2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.2
  • Foundation Details: Pier & Post, Raised

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Unc #1, Unc #2, Unc #3, Unc #4
  • Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Parcel #: 027-022-025
  • Zoning: Other
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 106080.0
  • Total Actual Rent: 8840.0

Map

Range of Values:

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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
10/01/2024 10/01/24 Sold $1,750,000 -9.7% $744 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $1,938,000 -- $824 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $16,957 $738,632 $384,091 $354,541
2022 $7,730 $724,150 $376,560 $347,590
2021 $7,551 $709,952 $369,177 $340,775
2020 $7,473 $702,673 $365,392 $337,281
2019 $7,343 $688,896 $358,228 $330,668
2018 $7,239 $675,389 $351,204 $324,185
2017 $7,000 $662,147 $344,318 $317,829
2016 $6,888 $649,165 $337,567 $311,598
2014 $6,702 $626,890 $325,984 $300,906
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,400,000 New Conventional
Previous Owner $218,000 Unknown
Previous Owner $230,000 No Value Available
Previous Owner $285,600 Construction
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed -- First American Title
Grant Deed $1,750,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $500,000 Chicago Title Co
Grant Deed -- Trico Title Company
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2702

Santa Barbara Multiple Listing Service

APN: 027-022-025

California Santa Barbara County Santa Barbara 93101 Oak Park

1830 De la Vina St, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 1830 De la Vina St, Santa Barbara, CA 93101 and is currently priced at $1,750,000, approximately $744 per square foot. This property was built in 1928. 1830 De la Vina 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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