$1,500,000
SOLD APR 9, 2025

330 E Figueroa St Santa Barbara, CA 93101

Laguna Neighborhood
-- Bed
-- Bath
2,750 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$545 Per Sq Ft

6% Below List Price

123 Days on Market

Highlights

  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Laundry Room

About This Home

As of April 2025

Conveniently located just three blocks from State Street and near the many amenities of Downtown Santa Barbara, this value-add multifamily opportunity has been priced to account for the
work the property requires: structural work, new roof, site work, exterior and interior updates and improvements. Ideal for a contractor, developer or savvy investor to improve and remodel five rental units while mitigating the issues around tenancies. Per plans with the City, this 1920's Craftsman-style building totals 2,750 SF and consists of a 2BD/1BA, a 1BD/1BA, and three Studios. The property provides five onsite parking spaces and common laundry for the tenants. Three of the five units will be vacant at the COE.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996

Last Buyer's Agent

Ben Rivera

Home Realty & Investments License #01367001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Property is in average condition

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 5 Parking Spaces
  • Open Parking

Location

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

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 029-221-007
  • Seller Concessions Offered

Community Details

Overview

  • 5 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Operating Expense $46,246
  • Gross Income $163,680
  • Net Operating Income $114,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 163680.0
  • Capitalization Rate: 7.14
  • Gross Rent Multiplier: 9.78
  • Annual Expenses: 46246.0
  • Monthly Income: 13100.0
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 5.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • New Construction: No
  • Reso Property Condition: Fair, Poor
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 2750.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5227.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Condition Fair2: Yes
  • Condition Poor: Yes
  • IncomeExpenses NOI2: 114160
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.12

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Unc #5
  • Total Parking Spaces: 5.0

Schools

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

Lot Info

  • Parcel #: 029-221-007
  • Zoning: Other
  • Lot Size Sq Ft: 5227.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 163680.0
  • Annual Operating Expense: 46246.0
  • Total Actual Rent: 13100.0

Map

Range of Values:

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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
04/09/2025 04/09/25 Sold $1,500,000 -6.3% $545 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
10/07/2024 10/07/24 For Sale $1,600,000 -- $582 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3313

Santa Barbara Multiple Listing Service

California Santa Barbara County Santa Barbara 93101 Laguna

330 E Figueroa St, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 330 E Figueroa St, Santa Barbara, CA 93101 and is currently priced at $1,500,000, approximately $545 per square foot. This property was built in 1920. 330 E Figueroa St is a home located in Santa Barbara County with nearby schools including Roosevelt Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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