1826 Loma Street

Santa Barbara, CA 93103

$2,920,000
Last Sold Price
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Beds
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per Sq. Ft.

Description

Incredible opportunity to own 5 units on Santa Barbara's highly coveted Riviera. The property consist of a 4BD/2BA home along with (4) updated 1BD/1BA units at the rear of property. The front home and 2nd story units offer dazzling ocean and city views. While this property checks all of the boxes for a pure investment, it also offers the space for owners to live comfortably in the house while collecting rental income from the 4 units in the back building. The house was tastefully remodeled in 2016...Incredible opportunity to own 5 units on Santa Barbara's highly coveted Riviera. The property consist of a 4BD/2BA home along with (4) updated 1BD/1BA units at the rear of property. The front home and 2nd story units offer dazzling ocean and city views. While this property checks all of the boxes for a pure investment, it also offers the space for owners to live comfortably in the house while collecting rental income from the 4 units in the back building. The house was tastefully remodeled in 2016 with an all new open floor-plan, new electrical, new plumbing, new bathrooms and new flooring throughout. The property also boasts brand new landscaping and as of October 2021, monthly rent total will be $13,910/Month with tenants paying utilities.
  1. Listed by Jonathan P Standring • DRE #01893163 • Beachside Partners

Property Details for 1826 Loma Street

MLS Neighborhood
15 - Riviera/Lower
Zoning
R-4
Cross Street
Moreno Drive
Recurring Fees
No

Location

Listing Courtesy of Beachside Partners, Jonathan P Standring, DRE #01893163

Sold By Compass, Jennifer Berger, DRE #01309181

Add your commute
LISTING UPDATED: 11/09/2021 12:59 PM

Property Details for 1826 Loma Street

StatusClosed
MLS #21-2854
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.16 AC / 6,970 SF
CountySanta Barbara County

Location

Listing Courtesy of Beachside Partners, Jonathan P Standring, DRE #01893163

Sold By Compass, Jennifer Berger, DRE #01309181

Add your commute

Building Information for 1826 Loma Street

Stories-Residences5Year Built1920Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$18,583 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,936

Property Taxes

$2,647

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1826 Loma Street

Details
Features
  • District: 15 - SB/EAST OF STATE
  • Property Type: B
  • Amenities: Deck, Patio
  • Floor Window Coverings: Tile, Wood/Laminate
  • Laundry: Room
  • View: City Lights, Ocean
Parking/Garage
  • Parking Info: Detached,Street
  • Total Carport Spaces: 0
Miscellaneous
  • Num Of Refrigerators: 5
  • Num Of Stoves: 5
  • Parking Spaces: 2
Location Info
Location Info
  • Tax Parcel Number: 027-071-011
  • LotLocation: Near Bus, Near Hospital, Near Park(s), Near School(s), Near Shopping
  • City: SANTA BARBARA
  • County: Santa Barbara
  • Postal Code: 93103
Neighborhood/Schools
  • Elementary School: Roosevelt
  • High School: S.B. Sr.
  • Junior High School: S.B. Jr.
Property / Assessor Information
Property / Assessor Info
  • Nbr of Acres: 0
  • Condition: Good
  • Foundation: Mixed
  • Reports Available: Pest Inspection
  • Realtorcom Type: Multi-Family
  • Total # Units: 5
Utility Info
  • Heating/Cooling: Wall
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
Income / Expense Info
Income / Expense Info
  • Annual Income: $166,920
  • Total Monthly Income: $13,910
  • Trash Expense: $5,363
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 1
  • Unit 1Num Of Bedrooms: 1
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 4
  • Unit 1Monthly Total: $13,910
  • Unit 1Rent: $8,960
Unit 2 Info
  • Unit 2Num Of Baths: 2
  • Unit 2Num Of Bedrooms: 4
  • Unit 2Num Of Units: 1
  • Unit 2Monthly Total: $4,950
Contract Info
Contract Info
  • Deposit: 3
  • Financing: Exchange
  • Close Price: $2,920,000.00
  • List Price: $2,995,000.00
  • Terms: Cash, Ctnl
  • Contract Date: 10-04-2021
  • Close Date: 11-09-2021
  • Canceled Date: 10-14-2021
  • Status: Closed
  • Active Date: 08-05-2021
  • Expiration Date: 11-09-2021

Property History for 1826 Loma 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 1826 Loma Street

Taxable ValueLand$1,275,000Additions$1,703,400Total$2,978,400
Tax Record2023$31,766 ($2,647 / month)
Home Facts
Lot Size6,969 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN027-071-011

Schools near 1826 Loma 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
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
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 Beachside Partners, Jonathan P Standring, DRE #01893163

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.