121 South Voluntario Street

Santa Barbara, CA 93103

$2,175,000
Last Sold Price
7
Beds
5
Baths
3,508 Sq. Ft.
$620 / Sq. Ft.
3,508
Sq. Ft.
$620
per Sq. Ft.

Description

Excellent 1031 Exchange or Investment Opportunity. Three separate residences on a large parcel located at the edge of where the Santa Barbara Riviera meets the lower Eastside & within close proximity to East Beach and all that Cabrillo Blvd has to offer. Updated original Craftsman front residence built in the early 1900's offers 2bd/1ba plus 2 car garage and is currently rented at $3190. Recently constructed in 2016, the second residence is a polished Craftsman offering mountain views, 3bd/2ba plus...Excellent 1031 Exchange or Investment Opportunity. Three separate residences on a large parcel located at the edge of where the Santa Barbara Riviera meets the lower Eastside & within close proximity to East Beach and all that Cabrillo Blvd has to offer. Updated original Craftsman front residence built in the early 1900's offers 2bd/1ba plus 2 car garage and is currently rented at $3190. Recently constructed in 2016, the second residence is a polished Craftsman offering mountain views, 3bd/2ba plus 2 car garage and is rented at $3630. Charming old world third residence was moved to the rear of the property in 1930's from East Cabrillo Blvd and offers 2bd/2ba and 2 uncovered parking spots. Explore the prospective opportunities of this unique residential income unit. Potential building site for 4th residence/ADU. Total yearly rents: $120,120. Estimate total lot size: 13,068+/-. Each unit offers 2 parking spaces (two 2 car garages & 2 open spaces). All units offer private laundry facilities.

Property Details for 121 South Voluntario Street

Zoning
R-2
Style
Craftsman
Parcel Number
017221019
Total Units
3.0
Living Area
3508
Source Living Area
Estimated
Area
Santa Barbara (VC81)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Jennifer Berger, DRE #01309181

Sold By Keller Williams SELA, Blanca Naranjo, DRE #01371253

Add your commute
LISTING UPDATED: 02/12/2024 06:00 PM

Property Details for 121 South Voluntario Street

StatusSold
MLS #23-336333
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.30 AC / 13,068 SF
CountySanta Barbara County

Location

Listing Courtesy of Compass, Jennifer Berger, DRE #01309181

Sold By Keller Williams SELA, Blanca Naranjo, DRE #01371253

Add your commute

Building Information for 121 South Voluntario Street

Stories-Residences-Year Built1913Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

$13,368 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,870

Property Taxes

$1,498

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 121 South Voluntario Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Detached
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: Public Sewer
  • Water Heaters: Yes
  • Water District: Santa Barbara
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $120,120
  • Net Operating Income: $77,246.00
  • Gross Income: $120,120
  • Cap Rate: 3.20%
  • Gross Rent Multiplier: $19.98
  • Actual Annual Gross Rent: $120,120.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 42873
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3
  • Lot Size Square Feet: 13068
  • Lot Location: Near Bus, Near Ocean, Near Park(s), Near School(s), Near Shopping
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Other, Uncovered
  • Total Parking: 6
  • Covered Parking: 4
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning, Ceiling Fan, Other
  • Heating: Wall Furnace, Forced Air
  • Heating Type: Wall, Forced Air, Other
  • Flooring: Hardwood, Carpet, Laminate, Wood, Vinyl, Other
  • Equipment: Refrigerator, Other
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-18-2023
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,190.00
  • Unit Actual Rent: $3,190.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,630.00
  • Unit Actual Rent: $3,630.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,190.00
  • Unit Actual Rent: $3,190.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,104,244.00
  • Assessed Improvement Percent: 65.21
  • Assessed Land Value: $589,128.00
  • Assessed Land Percent: 34.79
  • Assessed Total Value: $1,693,372.00

Property History for 121 South Voluntario Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 121 South Voluntario Street

Taxable ValueLand$589,128Additions$1,104,244Total$1,693,372
Tax Record2023$17,970 ($1,498 / month)
Home Facts
Total Finished SqFt3,440 SqFtAbove Grade Finished SqFt3,440 SqFtLot Size13,068 SqFtStyleDuplexYear Built1913CountySANTA BARBARAAPN017-221-019

Schools near 121 South Voluntario Street

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Franklin Elementary School
PublicK to 6

Santa Barbara Junior High School
Public7 to 8

Santa Barbara Senior High School
Public9 to 12

Adelante Charter School
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jennifer Berger, DRE #01309181

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.