$4,790,000
SOLD NOV 26, 2024

1924 San Pascual Santa Barbara, CA 93101

Westside Neighborhood
16 Beds
14 Baths
15 Sq Ft
0.41 Acres

Recently Sold

$319,333 Per Sq Ft

9% Below List Price

161 Days on Market

Highlights

  • 0.41 Acre Lot
  • Mountain View
  • Laundry Room
  • San Marcos Senior High School Rated A
  • Contemporary Architecture
  • Floor Furnace

About This Home

As of November 2024

Enjoy the benefits of a short-term typical investor return for the area, while working to realize significant long-term upside (5%-6%+ cap rate) which may be attainable for this central Santa Barbara multi-family asset. The location is a few blocks to Cottage Hospital, and within 1-2 miles of several other major employment centers and the signature Santa Barbara amenities of downtown restaurants/retail, the Theater/Arts district, the waterfront/beaches, and Santa Barbara City College. Along with close proximity to freeway access and artery streets allowing tenants ease-of-access, these factors combine to generate unmatched tenant demand. Recent upgrades include a brand-new roof and sewer lateral improvements. See Offering Memorandum in Documents.

Last Agent to Sell the Property

Randy Freed

Berkshire Hathaway HomeServices California Properties License #00624274

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Ken Switzer

Berkshire Hathaway Home Services California Properties License #01245644

Last Buyer's Agent

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls
  • No Sprinklers

Home Design

  • Contemporary Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 14 Bathrooms

Parking

  • 16 Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Additional Features

  • Mountain Views
  • Laundry Room
  • Floor Furnace

Listing and Financial Details

  • Tax Tract Number 11
  • Assessor Parcel Number 043132013

Community Details

Building Details

  • 14 Separate Electric Meters
  • 1 Separate Gas Meter
  • Operating Expense $141,478
  • Gross Income $339,504
  • Net Operating Income $203,471

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.11
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 043132013
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Asphalt
  • Total Parking Spaces: 16.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Oven, Gas Cooktop
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 17859.60
  • Lot Size Acres: 0.4100

Multi Family

  • Average1 Bed Area: 640 Square Feet
  • Average2 Bed Area: 840 Square Feet
  • Gross Income: 339504.00
  • Gross Multiplier: 14.58
  • Gross Scheduled Income: 339504.00
  • Laundry Income: 625.00
  • Lot Size Area: 0.4100 Acres
  • Net Operating Income: 203471.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 136033.00
  • Rent Control: No
  • Total Expenses: 141478.00

Tax Info

  • Tax Tract Number: 11.01

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/26/2024 11/26/24 Sold $4,790,000 -2.1% $319,333 / Sq Ft
11/09/2024 11/09/24 Price Changed $4,895,000 -1.1% $326,333 / Sq Ft
07/08/2024 07/08/24 Price Changed $4,950,000 -5.7% $330,000 / Sq Ft
06/07/2024 06/07/24 For Sale $5,250,000 -- $350,000 / Sq Ft
Source: Ventura County Regional Data Share

Source: Ventura County Regional Data Share

MLS Number: V1-23995

Ventura County Regional Data Share

California Santa Barbara County Santa Barbara 93101 Westside

1924 San Pascual, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 1924 San Pascual, Santa Barbara, CA 93101 and is currently priced at $4,790,000, approximately $319,333 per square foot. This property was built in 1964. 1924 San Pascual is a home located in Santa Barbara County with nearby schools including Adams Elementary School, La Cumbre Junior High School, and San Marcos Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.