1532 Castillo Street

Santa Barbara, CA 93101

$2,225,000
Last Sold Price
7
Beds
5
Baths
3,390 Sq. Ft.
$656 / Sq. Ft.
3,390
Sq. Ft.
$656
per Sq. Ft.

Description

A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features...A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.

Listing Agent

  1. Lucas Martinez

    Lucas Martinez

    Listing Agent

    Compass

    DRE #02031424

Property Details for 1532 Castillo Street

Zoning
R-4
Style
Colonial
Parcel Number
027212025
Total Units
3.0
Living Area
3390
Source Living Area
Plans
Area
Santa Barbara (VC81)
Vacancy Rate
0
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LISTING UPDATED: 08/12/2021 09:07 AM

Property Details for 1532 Castillo Street

StatusSold
MLS #21-737760
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.18 AC / 7,841 SF
CountySanta Barbara County
Add your commute

Building Information for 1532 Castillo Street

Stories2Year Built1913Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$14,114 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,143

Property Taxes

$1,971

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1532 Castillo Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Amenities: 220V, Deck, Dishwasher, Disposal, Dryer, Fncd Prt, Gas Stove, Microwave, Ovens/Bltin, Refrigerator, Washer
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Additions Alterations: Yes
  • Water Heater Features: Gas, Hot Water Circulator
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: Seller/Owner/Principal RE Licensed, Owner Is Listing Agent, Owner Has R.E. License
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $132,000
  • Net Operating Income: $95,549.93
  • Gross Income: $132,000
  • Gross Rent Multiplier: $17.80
  • Actual Annual Gross Rent: $132,000.00
  • Actual Gross Annual Income: $132,000
  • Owner Pays: Water, Gardener, Electricity
  • Total Annual Expense: 36450.07
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.18
  • Lot Size Square Feet: 7841
  • Lot Size Dimensions: 50x156
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Location: Near Bus, Near Hospital, Near Park(s), Near Shopping
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Covered Parking, Driveway
  • Total Parking: 5
  • Covered Parking: 2
  • Open Other Spaces Total: 3
  • Carport Spaces Total: 2
  • Parking Features: Detached Carport, Covered, Driveway
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Heat Pump
  • Cooling Type: Air Conditioning, Heat Pump(s), Wall Unit(s)
  • Heating: Heat Pump, Floor Furnace
  • Heating Type: Heat Pump, Floor Furnace
  • Flooring: Hardwood
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Washer, Vented Exhaust Fan, Refrigerator
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Range, Range Hood
  • Laundry: In Unit, Room
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-27-2021
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,092,420.00
  • Assessed Improvement Percent: 53.16
  • Assessed Land Value: $962,370.00
  • Assessed Land Percent: 46.84
  • Assessed Total Value: $2,054,790.00

Property History for 1532 Castillo 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 1532 Castillo Street

Taxable ValueLand$1,045,500Additions$1,224,000Total$2,269,500
Tax Record2022$23,655 ($1,971 / month)
Home Facts
Total Finished SqFt1,978 SqFtAbove Grade Finished SqFt1,978 SqFtStories2Lot Size7,840 SqFtStyleDuplexYear Built1913CountySANTA BARBARAAPN027-212-025Fireplace TypeHas Fireplace

Schools near 1532 Castillo Street

This home is within Santa Barbara Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
Santa Barbara Community Academy
PublicK to 6

Santa Barbara Junior High School
Public7 to 8

Santa Barbara Senior High School
Public9 to 12

La Cuesta Continuation High School
Public9 to 12

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, Lucas Martinez, DRE #02031424

Based on information from the Santa Barbara MLS as of 05/26/2021 12:00 AM, display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and may or may not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 08/12/2021 09:07 AM