316 West Valerio Street

Santa Barbara, CA 93101

$3,288,000
Last Sold Price
Beds
5,570 Sq. Ft.
$590 / Sq. Ft.
5,570
Sq. Ft.
$590
per Sq. Ft.

Description

316 W Valerio St is a stunning 8-unit investment opportunity located in the heart of Santa Barbara, CA. Situated on a parcel of land totaling 12,196 square feet, the subject property was originally constructed in 1973 and features a gross building area of approximately 5,570 square feet. The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans. The investment appeal of this asset is driven by Santa Barbara's appealing location as evident from its growing population....316 W Valerio St is a stunning 8-unit investment opportunity located in the heart of Santa Barbara, CA. Situated on a parcel of land totaling 12,196 square feet, the subject property was originally constructed in 1973 and features a gross building area of approximately 5,570 square feet. The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans. The investment appeal of this asset is driven by Santa Barbara's appealing location as evident from its growing population. With a world-class location in the heart of the city, 316 W Valerio St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment. options.
  1. Listed by Michael Henshaw • DRE #01134592 • Marcus & Millichap

Property Details for 316 West Valerio Street

City
SANTA BARBARA
Building Type
Other
Property Sub Type
Other
Total # Parking Spaces
16

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592

Sold By Marcus & Millichap, Michael Henshaw, DRE #01134592

Add your commute
LISTING UPDATED: 01/08/2024 03:04 AM

Property Details for 316 West Valerio Street

StatusSold
MLS #ML81939633
Days on Market128
Taxes$38,263 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1973
Lot Size0.28 AC / 12,197 SF
CountySanta Barbara County

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592

Sold By Marcus & Millichap, Michael Henshaw, DRE #01134592

Add your commute

Building Information for 316 West Valerio Street

Stories-Residences8Year Built1973Building Size-Lot Size0.28 AC / 12,197 SF

Payment Calculator

$21,133 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,944

Property Taxes

$3,189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 316 West Valerio Street

Features
Feature Details
  • Flooring: Laminate, Tile, Other
  • Laundry: Coin Operated
  • Disability Features: Other
Utility Details
  • Cooling: Other
  • Heating: Electric
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA: No
Property Details
  • City Transfer Tax: No
  • Lot Sq Ft Apx: 12197
  • Lot Size Square Feet: 12197.0
  • Sq Ft Apx: 5570
  • Year Built: 1973
  • Zoning: R-4
Location Details
  • FIPS Code: 06083
  • Parcel Number: 027-082-029
  • Board ID: Datashare MLSListings
  • Street Direction: W
Multi Family Information
General Details
  • All Units Have: Refrigerator
  • Some Units Have: Updated Baths, Updated Kitchen
  • Units Total: 8
  • Tenant Pays: Electric, Other
Income / Expense Details
  • Operating Expenses: Gas, Insurance, Maintenance/Repair, Miscellaneous/Other, Trash Removal, Utilities, Vacancy Factor, Water, Other
Multi Family 5+ Information
Unit 1
  • Unit # 1 # of Bedrooms: 1
Unit 2
  • Unit # 2 # of Bedrooms: 2
Building Details
  • Apx Lot Acres: 0
  • On Site Parking Description: Guest Parking, Spaces - Assigned, Other
Income / Expense Details
  • Annual Gross Sched Income: $245,829
  • Annual Taxes: $38,263
  • Annual Util Expense: $10,624
  • Gross Rent Multiplier: 13.81
  • Net Operating Income: $167,951
Other Financial Information
  • Cap Rate: 4.95
Additional Information
Additional Information
  • Fireplace: No

Property History for 316 West Valerio 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 316 West Valerio Street

Taxable ValueLand$1,769,131Additions$1,206,226Total$2,975,357
Tax Record2023$31,557 ($2,630 / month)
Home Facts
Lot Size12,196 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN027-082-029

Schools near 316 West Valerio 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
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Marcus & Millichap, Michael Henshaw, DRE #01134592

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.