215 South Milpas Street

Santa Barbara, CA 93103

$2,100,000
Last Sold Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

Multifamily investment opportunity in the trendy lower Milpas corridor close to lots of amenities, Hilton Hotel and East Beach!   Property consists of 7 units with charm and character; 1 - 2 bdrm, 1 bth cottage, 3 - 1 bdrm, 1 bath cottages, studio cottage, and a duplex (each 1 bdrm, 1 bth). This true ''community village'' vibe, features a idyllic setting with large specimen trees, and pride of ownership landscaping. Some units have some updating, others have private yard areas or porches....Multifamily investment opportunity in the trendy lower Milpas corridor close to lots of amenities, Hilton Hotel and East Beach!   Property consists of 7 units with charm and character; 1 - 2 bdrm, 1 bth cottage, 3 - 1 bdrm, 1 bath cottages, studio cottage, and a duplex (each 1 bdrm, 1 bth). This true ''community village'' vibe, features a idyllic setting with large specimen trees, and pride of ownership landscaping. Some units have some updating, others have private yard areas or porches. Rents are extremely below market; a great value add potential! The large, L shaped 15,681 SF parcel, zoned C-G, allows for a variety of possible redevelopment opportunities. An amazing and very rare find in this up and coming location!
  1. Listed by Yolanda Van Wingerden • DRE #01308141 • Berkshire Hathaway Home Services California Properties
  2. Listed by Mitch Stark • DRE #01196532 • Berkshire Hathaway Home Services California Properties

Property Details for 215 South Milpas Street

Zoning
C-2
Cross Street
Cacique
Recurring Fees
No

Location

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Yolanda Van Wingerden, DRE #01308141; Berkshire Hathaway Home Services California Properties, Mitch Stark, DRE #01196532

Sold By Alemann and Associates, Terence Alemann, DRE #01925020

Add your commute
LISTING UPDATED: 08/01/2022 11:14 AM

Property Details for 215 South Milpas Street

StatusClosed
MLS #22-1612
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1925
Lot Size0.36 AC / 15,681 SF
CountySanta Barbara County

Location

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Yolanda Van Wingerden, DRE #01308141; Berkshire Hathaway Home Services California Properties, Mitch Stark, DRE #01196532

Sold By Alemann and Associates, Terence Alemann, DRE #01925020

Add your commute

Building Information for 215 South Milpas Street

Stories-Residences7Year Built1925Building Size-Lot Size0.36 AC / 15,681 SF

Payment Calculator

$13,319 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$1,858

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 215 South Milpas Street

Details
Features
  • District: 15 - SB/EAST OF STATE
  • Property Type: B
  • Floor Window Coverings: Carpet, Vinyl
  • Laundry: Some
Parking/Garage
  • Parking Info: Uncovered
Miscellaneous
  • Num Of Refrigerators: 7
  • Num Of Stoves: 7
Location Info
Location Info
  • Tax Parcel Number: 017-251-012
  • LotLocation: Near Bus, Near Ocean, Near Park(s), Near Shopping
  • City: SANTA BARBARA
  • County: Santa Barbara
  • WalkScore: 76
  • Postal Code: 93103
Neighborhood/Schools
  • Elementary School: Cleveland
  • High School: Carp. Sr.
  • Junior High School: S.B. Jr.
Property / Assessor Information
Property / Assessor Info
  • Nbr of Acres: 0
  • Condition: Average, Good
  • Foundation: Mixed, Raised
  • Realtorcom Type: Multi-Family
  • Total # Units: 7
Utility Info
  • Heating/Cooling: Wall
Income / Expense Info
Income / Expense Info
  • Income/Expenses: Estimated
  • Annual Income: $160,800
  • Total Monthly Income: $13,400
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 7
  • Unit 1Num Of Bedrooms: 7
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 7
  • Unit 1Monthly Total: $13,400
  • Unit 1Rent: $13,400
Contract Info
Contract Info
  • Deposit: 3
  • Close Price: $2,100,000.00
  • List Price: $2,350,000.00
  • Terms: Cash, Ctnl
  • Contract Date: 06-21-2022
  • Close Date: 07-29-2022
  • Status: Closed

Property History for 215 South Milpas 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 215 South Milpas Street

Taxable ValueLand$1,925,000Additions$175,000Total$2,100,000
Tax Record2023$22,301 ($1,858 / month)
Home Facts
Lot Size15,681 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN017-251-012

Schools near 215 South Milpas 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
Cleveland 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 Berkshire Hathaway Home Services California Properties, Yolanda Van Wingerden, DRE #01308141; Berkshire Hathaway Home Services California Properties, Mitch Stark, DRE #01196532

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.