$2,750,000
SOLD SEP 4, 2024

2011 Oak Ave Santa Barbara, CA 93101

Westside Neighborhood
-- Bed
-- Bath
4,218 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$652 Per Sq Ft

8% Below List Price

69 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Room
  • San Marcos Senior High School Rated A

About This Home

As of September 2024

Located at the end of a quiet cul-de-sac in
Santa Barbara's burgeoning Westside neighborhood, sits 2011 Oak Avenue. This ±4,218 SF Multifamily property features (8) 1 bedroom/1 bathroom units boasting spacious floor plans and private entrances, each flowing with an abundance of natural light. Upstairs units are peaked with cathedral ceilings and offer fireplaces and breathless mountain views. Tenants enjoy the ease of a recently paved 14-space parking lot, beautiful landscaping and convenient on-site laundry. The building has been very well maintained over the course of its longtime ownership. Current rents for these units
are below market, offering an investor a fantastic opportunity for upside.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 9,583 Sq Ft Lot
  • Property is in good condition

Parking

  • 14 Parking Spaces

Home Design

  • 4,218 Sq Ft Home

Location

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

Schools

  • Adams Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Additional Features

  • Laundry Room
  • Property is near an ocean

Community Details

  • 8 Units
  • Gross Income $176,500

Listing and Financial Details

  • Assessor Parcel Number 049-092-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1973
  • Income Expenses Annual Income: 176500.0
  • Monthly Income: 14708.0
  • Miscellaneous Parking Spaces: 14.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1973
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 4218.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 9583.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.22

Garage/Parking

  • Total Parking Spaces: 14.0

Schools

  • Elementary School: Adams
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 049-092-016
  • Zoning: Other
  • Lot Size Sq Ft: 9583.0

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 176500.0
  • Total Actual Rent: 14708.0

Map

Range of Values:

Collateral Analytics

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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
09/04/2024 09/04/24 Sold $2,750,000 -7.6% $652 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/08/2024 05/08/24 Off Market $2,975,000 -- --
03/08/2024 03/08/24 For Sale $2,975,000 -- $705 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-733

Santa Barbara Multiple Listing Service

California Santa Barbara County Santa Barbara 93101 Westside

2011 Oak Ave, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 2011 Oak Ave, Santa Barbara, CA 93101 and is currently priced at $2,750,000, approximately $651 per square foot. This property was built in 1973. 2011 Oak Ave 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.

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