$3,395,000
$200K PRICE DROP

706 E Haley St Santa Barbara, CA 93103

Lower East Neighborhood

Estimated payment $20,448/month

Total Views 10,974
-- Bed
-- Bath
4,309 Sq Ft
$788 Price per Sq Ft

Highlights

  • Property is near an ocean
  • 0.24 Acre Lot
  • 5 Car Garage
  • Washington Elementary School Rated A
  • Property is near a park
  • 5-minute walk to Ortega Park

About This Home

706 E Haley St is an extensively rebuilt/remodeled, 3-building, mixed property consisting of 3 commercial suites, 5 apartments & 3 1-car garage. The main building & garages were rebuilt in 2016, plus a freestanding comm. building was completed in 2023, creating a top-quality property in like-new condition. This premier property can be delivered 100% occupied with the Seller leasing
back their 1,474 SF office at market terms; or, the Seller can possibly deliver all the commercial suites and garage vacant at the close of escrow.

Listing Agent

Christos Celmayster

Hayes Commercial Group License #01342996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,983

Year Built

  • Built in 2016

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in excellent condition

Interior Spaces

  • 4,309 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Parking

  • 5 Car Garage
  • Uncovered 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

  • Washington 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 031-301-023

Community Details

Overview

  • 8 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Operating Expense $78,168
  • Gross Income $237,298
  • Net Operating Income $177,151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,983

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2016
  • Income Expenses Annual Income: 237298.0
  • Capitalization Rate: 5.22
  • Annual Expenses: 78168.0
  • Monthly Income: 19775.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 5.0
  • Building Stories: 1
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2016
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 4309.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 10454.0
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Garages: Yes
  • IncomeExpenses NOI2: 177151
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.24

Garage/Parking

  • Parking Features: Garages, Uncovered
  • Total Parking Spaces: 5.0

Schools

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

Lot Info

  • Parcel #: 031-301-023
  • Zoning: C-M
  • Lot Size Sq Ft: 10454.0

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 237298.0
  • Annual Operating Expense: 78168.0
  • Total Actual Rent: 19775.0

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 $17,983 $1,632,394 $778,709 $853,685
2022 $15,403 $1,445,388 $763,441 $681,947
2021 $14,581 $1,372,846 $748,387 $624,459
2020 $14,431 $1,358,770 $740,714 $618,056
2019 $14,179 $1,332,129 $726,191 $605,938
2018 $13,979 $1,306,009 $711,952 $594,057
2017 $13,308 $1,260,482 $698,075 $562,407
2016 $8,652 $817,140 $684,976 $132,164
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Price Changed $3,395,000 -5.6% $788 / Sq Ft
10/15/2024 10/15/24 For Sale $3,595,000 0.0% $834 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $3,595,000 -- $834 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Deed History

Date Type Sale Price Title Company
Grant Deed -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,434,000 Commercial
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2128

Santa Barbara Multiple Listing Service

APN: 031-301-023

California Santa Barbara County Santa Barbara 93103 Lower East

706 E Haley St, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 706 E Haley St, Santa Barbara, CA 93103 and is currently priced at $3,395,000, approximately $787 per square foot. This property was built in 2016. 706 E Haley St is a home located in Santa Barbara County with nearby schools including Washington Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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Christos Celmayster
Listing Agent
Christos Celmayster
Section Image
Hayes Commercial Group
(805) 301-1910