$1,550,000
$50K PRICE DROP

Estimated payment $9,460/month

Total Views 4,396
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near an ocean
  • Property is near a park
  • 2-minute walk to Eastside Neighborhood Park
  • Santa Barbara Senior High School Rated A-
  • Fireplace

About This Home

Farmhouse-style income property with privacy that generates $8,625/mo! Comprised of two 1 bedroom units and an additional studio space, this sweet property is as charming as it is versatile! Situated in a lovely creekside setting, each unit has wonderful privacy including their own: outdoor yard space, decks/patios, off-street parking, laundry in-unit, and separate entrances. Upgrades include newer roof, sewer lateral, flooring, interior paint, gutters, updated plumbing and electrical, and the list goes on. 1.5 miles to the beach and a few short blocks to Trader Joes, restaurants, and shopping. Mature fruit trees including avocado, orange, lime, etc. Great investment opportunity, dialed in and ready to go!

Listing Agent

Ali Evans

Berkshire Hathaway HomeServices California Properties License #01846603

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,692

Year Built

  • Built in 1950

Lot Details

  • Back Yard Fenced
  • Property is in good condition

Interior Spaces

  • Fireplace
  • Laundry in unit

Parking

  • 4 Parking Spaces
  • Carport
  • Open Parking

Outdoor Features

  • Property is near an ocean

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

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 017-073-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,692

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Monthly Income: 8625.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Carport Y N: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1950
  • NeighborhoodSchools Elementary School: Cleveland
  • 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
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Amenities Fncd Back: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Mixed

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Cpt #2, Unc #2
  • Total Parking Spaces: 4.0

Association/Amenities

  • Fireplace: Yes

Schools

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

Lot Info

  • Parcel #: 017-073-001
  • Zoning: Other

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 8625.0

Map

Range of Values:

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Average Value
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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 $9,692 $894,599 $579,631 $314,968
2022 $9,352 $877,059 $568,266 $308,793
2021 $9,063 $859,863 $557,124 $302,739
2020 $8,968 $851,047 $551,412 $299,635
2019 $8,811 $834,360 $540,600 $293,760
2018 $8,699 $818,000 $530,000 $288,000
2017 $2,486 $232,824 $137,917 $94,907
2016 $2,434 $228,260 $135,213 $93,047
2014 $2,367 $220,429 $130,574 $89,855
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Price Changed $1,550,000 -3.1% --
02/25/2025 02/25/25 For Sale $1,600,000 +95.6% --
10/18/2017 10/18/17 Sold $818,000 0.0% --
10/18/2017 10/18/17 Sold $818,000 -16.1% --
09/13/2017 09/13/17 Pending -- -- --
09/08/2017 09/08/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $975,000 0.0% --
06/07/2017 06/07/17 For Sale $975,000 -- --
Source: Santa Barbara Multiple Listing Service

Deed History

Date Type Sale Price Title Company
Grant Deed $818,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $658,000 New Conventional
Closed $654,000 New Conventional
Closed $654,400 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $177,000 Fannie Mae Freddie Mac
Previous Owner $150,000 No Value Available
Previous Owner $100,000 Unknown
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-820

Santa Barbara Multiple Listing Service

APN: 017-073-001