208 W Arrellaga St Santa Barbara, CA 93101
Oak Park NeighborhoodAbout This Home
As of July 2024PLEASE DO NOT DISTURB TENANTS. Owned and loved by the same family for over 70 years. The combination of location, character and unit mix makes 208 W. Arrellaga St. an ideal and rare multi-family investment opportunity. Set behind a white picket fence, rose bushes planted in the 1940's line the walkway to the original main house which consists (1) 2 bed/1 bath, (2) 1 bed/1 bath. The spacious downstairs 1-bed unit has a formal living room, separate dining room as well as a sun porch that opens up to an inviting patio and a fenced private backyard. The upstairs 1-bed unit features dining room/breakfast nook, galley kitchen and a sun porch overlooking the backyard. The 2-bed unit, which is also located upstairs, has a formal living room with large windows and a franklin-stove-type fireplace.
Additionally, in the back of the property, there is a cozy 1-bed/1-bath cottage with the private, fenced backyard.
The main house still embodies the charm of its original 1904 finishings. Units feature hardwood floors
throughout and high ceilings with crown molding and an abundance of natural light. All four units have been well maintained and offer spacious floor plans and privacy. This asset is conveniently located near downtown with easy freeway access and only a short distance to Cottage Hospital, shopping and dining. Don't miss out on making this unique property part of your portfolio. Each apartment has its own utility meter and service panel, including electric and gas meters. Tenants are responsible for their own utilities and pay their own utility bills except water & trash.
Contact Listing Agents for details. ACCESS TO BUILDING SUBJECT TO ACCEPTED OFFER.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,260
Year Built
- Built in 1904
Lot Details
- 9,147 Sq Ft Lot
- Property is in good condition
Interior Spaces
- 3,587 Sq Ft Home
- Fireplace
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
Schools
- Peabody Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Shared Gas Meter
- Individual Gas Meter
Listing and Financial Details
- Assessor Parcel Number 027-171-014
Community Details
Overview
- 4 Units
- 20 Westside Subdivision
Building Details
- Gross Income $101,400
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $1,629,375 | -14.0% | $454 / Sq Ft |
| 07/02/2024 07/02/24 | Pending | -- | -- | -- |
| 06/03/2024 06/03/24 | For Sale | $1,895,000 | 0.0% | $528 / Sq Ft |
| 05/24/2024 05/24/24 | Pending | -- | -- | -- |
| 05/02/2024 05/02/24 | For Sale | $1,895,000 | -- | $528 / Sq Ft |
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 | $20,260 | $441,680 | $257,191 | $184,489 |
| 2022 | $4,641 | $433,021 | $252,149 | $180,872 |
| 2021 | $4,532 | $424,531 | $247,205 | $177,326 |
| 2020 | $4,485 | $420,179 | $244,671 | $175,508 |
| 2019 | $4,407 | $411,941 | $239,874 | $172,067 |
| 2018 | $4,345 | $403,865 | $235,171 | $168,694 |
| 2017 | $4,201 | $395,947 | $230,560 | $165,387 |
| 2016 | $4,171 | $388,185 | $226,040 | $162,145 |
| 2014 | $4,059 | $374,866 | $218,284 | $156,582 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,140,563 | New Conventional | |
| Previous Owner | $175,000 | Credit Line Revolving | |
| Previous Owner | $208,000 | Purchase Money Mortgage | |
| Previous Owner | $215,000 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,629,500 | Wfg National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | $110,000 | First American Title | |
| Interfamily Deed Transfer | -- | Equity Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-1420
APN: 027-171-014
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