524 East Arrellaga Street

Santa Barbara, CA 93103

$3,400,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This 6-unit apartment complex is Ideally located in the beautiful upper-east side of Santa Barbara. Unit mix features (3) 2BD/1BA, (2) 1BD/1BA, and (1) 1BD/1BA + Den. The units are spread out over three buildings with a large Victorian style apartment building and two stand alone cottages with multiple units offering fantastic ocean views. There are also six garage spaces and outdoor patios/decks. Beginning in 2017, the property underwent extensive renovations, including a new foundation, new roof,...This 6-unit apartment complex is Ideally located in the beautiful upper-east side of Santa Barbara. Unit mix features (3) 2BD/1BA, (2) 1BD/1BA, and (1) 1BD/1BA + Den. The units are spread out over three buildings with a large Victorian style apartment building and two stand alone cottages with multiple units offering fantastic ocean views. There are also six garage spaces and outdoor patios/decks. Beginning in 2017, the property underwent extensive renovations, including a new foundation, new roof, full exterior paint, and a major remodel to five of the six units. As a result, annual maintenance costs are extremely low and the majority of rents are very close to market.
  1. Listed by Jonathan P Standring • DRE #01893163 • Beachside Partners
  2. Listed by John Koskinen • DRE #02036512 • Beachside Partners

Property Details for 524 East Arrellaga Street

Zoning
R-3
Cross Street
Olive
Recurring Fees
No

Location

Listing Courtesy of Beachside Partners, Jonathan P Standring, DRE #01893163; Beachside Partners, John Koskinen, DRE #02036512

Sold By Beachside Partners, Jonathan P Standring, DRE #01893163

Add your commute
LISTING UPDATED: 02/26/2021 03:00 PM

Property Details for 524 East Arrellaga Street

StatusClosed
MLS #20-4501
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1935
Lot Size0.24 AC / 10,454 SF
CountySanta Barbara County

Location

Listing Courtesy of Beachside Partners, Jonathan P Standring, DRE #01893163; Beachside Partners, John Koskinen, DRE #02036512

Sold By Beachside Partners, Jonathan P Standring, DRE #01893163

Add your commute

Building Information for 524 East Arrellaga Street

Stories-Residences6Year Built1935Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$21,680 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,555

Property Taxes

$3,125

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 524 East Arrellaga Street

Details
Features
  • District: 15 - SB/EAST OF STATE
  • Property Type: Multi-Family
  • Amenities: Deck, Dishwasher, Fncd All, Patio
  • Floor Window Coverings: Hardwood, Tile, Wood/Laminate
  • Laundry: Unit
Parking/Garage
  • Parking Info: Garages
Miscellaneous
  • Num Of Refrigerators: 6
  • Num Of Stoves: 6
  • Parking Spaces: 6
Location Info
Neighborhood/Schools
  • Elementary School: Roosevelt
  • High School: S.B. Sr.
  • Junior High School: S.B. Jr.
Property / Assessor Information
Property / Assessor Info
  • Condition: Excellent, Good
  • Foundation: Mixed
Utility Info
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
Income / Expense Info
Income / Expense Info
  • Total Monthly Income: $17,066
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: 1
  • Unit 1Monthly Total: $2,895
  • Unit 1Rent: $2,895
Contract Info
Contract Info
  • Deposit: 3
  • Financing: Exchange
  • Terms: Cash, Ctnl

Property History for 524 East Arrellaga 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 524 East Arrellaga Street

Taxable ValueLand$1,352,520Additions$2,184,840Total$3,537,360
Tax Record2023$37,505 ($3,125 / month)
Home Facts
Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN027-260-030

Schools near 524 East Arrellaga 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; Beachside Partners, John Koskinen, DRE #02036512

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.