$1,685,000
PENDING

Estimated payment $10,446/month

Total Views 2,444
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Laundry Facilities
  • San Marcos Senior High School Rated A
  • 5-minute walk to Oak Park

About This Home

Fantastic investment opportunity in the desirable Oak Park neighborhood in Santa Barbara near Cottage Hospital. This well-maintained multifamily property features 3 units with fresh landscaping and strong curb appeal. The front unit, Unit A, is a refreshed 1 bed, 1 bath with a loft. It has a gated front yard with new turf and is ready for immediate occupancy. Unit B is a 2 bed, 2 bath with a gated entry, private front patio and private rear yard. Unit C is a charming detached studio with a private gated entry and wrap around yard. Units B and C are tenant-occupied with new leases. Unit A is vacant - great option for owner/user, to create a furnished rental or to get market rate rents. Excellent location in a highly desired area. Close the hospital, parks, shops, restaurants and more.

Listing Agent

Kevin Goodwin

Goodwin & Thyne Properties License #01376204

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,496

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Property is in good condition

Schools

  • Adams Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 025-160-010

Community Details

Overview

  • 3 Units
  • 20 Oak Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • New Taxes Expense $16,850
  • Operating Expense $8,100
  • Gross Income $118,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,496

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 118800.0
  • Capitalization Rate: 5.5%
  • Annual Expenses: 8100.0
  • Monthly Expense: 675.0
  • Monthly Income: 9900.0
  • ResoLaundryFeatures: Bldg
  • Subdivision Name: 20 - Oak Park
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Apx Lot SqFt: 4356.0
  • Condition Good2: Yes
  • IncomeExpenses Taxes6: 16850.0
  • Laundry Bldg: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.1

Schools

  • Elementary School: Adams
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 025-160-010
  • Zoning: R-3
  • Lot Size Sq Ft: 4356.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 118800.0
  • Annual Operating Expense: 8100.0
  • Total Actual Rent: 9900.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $12,496 $1,154,748 $881,441 $273,307
2022 $12,059 $1,132,107 $864,158 $267,949
2021 $11,781 $1,109,910 $847,214 $262,696
2020 $11,660 $1,098,530 $838,527 $260,003
2019 $11,457 $1,076,991 $822,086 $254,905
2018 $11,295 $1,055,874 $805,967 $249,907
2017 $10,741 $1,018,000 $775,000 $243,000
2016 $9,759 $925,000 $704,000 $221,000
2015 $8,919 $841,000 $640,000 $201,000
2014 $8,768 $824,000 $627,000 $197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $1,685,000 -- --
Source: Santa Barbara Multiple Listing Service

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $845,000 Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $633,750 Negative Amortization
Source: Public Records

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Source: Santa Barbara Multiple Listing Service

MLS Number: 25-1322

Santa Barbara Multiple Listing Service

APN: 025-160-010