Restricted Address

Santa Barbara, CA 93101

$8,835,000
Last Sold Price
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Beds
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— / Sq. Ft.
—
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per Sq. Ft.

Description

The crown jewel of Santa Barbara's waterfront, ''El Palacio De La Reina'' is in the very best of locations - 1 block to the beach and 1 block to State St. Its recent renovation is a passion project masterpiece of authentic architectural restoration and gorgeous modern interiors, at a cost of ~$5.5M. The exquisite Spanish Colonial building is capped by a unique and luxurious owner's residence of nearly 2000 square feet. Each residence has its own exterior entrance, and the 3 smaller apartments are...The crown jewel of Santa Barbara's waterfront, ''El Palacio De La Reina'' is in the very best of locations - 1 block to the beach and 1 block to State St. Its recent renovation is a passion project masterpiece of authentic architectural restoration and gorgeous modern interiors, at a cost of ~$5.5M. The exquisite Spanish Colonial building is capped by a unique and luxurious owner's residence of nearly 2000 square feet. Each residence has its own exterior entrance, and the 3 smaller apartments are finished with the same high-quality designer touches as the owner's home. Works as income generation for long-term or short-term (currently allowed) beach area rentals, or for guests on-and-off, there are many options for use or investment. Offering Memorandum in Documents, do not disturb tenants
  1. Listed by Ken Switzer • DRE #01245644 • Berkshire Hathaway Home Services California Properties
  2. Listed by Kathy Hughes • DRE #00521702 • Berkshire Hathaway Home Services California Properties

Property Details for Restricted Address

MLS Neighborhood
20 - West Beach
Zoning
R-4
Cross Street
Mason
Recurring Fees
No

Location

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644; Berkshire Hathaway Home Services California Properties, Kathy Hughes, DRE #00521702

Sold By Sotheby's International Realty, Dusty Baker Group, DRE #01908615 / 02004391

Add your commute
LISTING UPDATED: 03/15/2022 03:18 PM

Property Details for Restricted Address

StatusClosed
MLS #21-3772
Days on Market144
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1937
Lot Size-
CountySanta Barbara County

Location

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644; Berkshire Hathaway Home Services California Properties, Kathy Hughes, DRE #00521702

Sold By Sotheby's International Realty, Dusty Baker Group, DRE #01908615 / 02004391

Add your commute

Building Information for Restricted Address

Stories-Residences4Year Built1937Building Size-Lot Size-

Payment Calculator

$56,012 per month

30 year fixed, 7.25% Interest

Principal and Interest

$48,216

Property Taxes

$7,796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Restricted Address

Details
Features
  • District: 20 - SB/WEST OF STATE
  • Property Type: B
  • Amenities: Fireplace
  • Floor Window Coverings: Hardwood, Marble, Tile
Parking/Garage
  • Parking Info: Unc #4
Miscellaneous
  • Parking Spaces: 4
Location Info
Location Info
  • Tax Parcel Number: 033-073-003
  • LotLocation: Near Bus, Near Ocean, Near Park(s), Near Shopping
  • City: SANTA BARBARA
  • County: Santa Barbara
  • Postal Code: 93101
Neighborhood/Schools
  • Elementary School: McKinley
  • High School: S.B. Sr.
  • Junior High School: S.B. Jr.
Property / Assessor Information
Property / Assessor Info
  • Condition: Excellent
  • Foundation: Raised
  • Realtorcom Type: Multi-Family
  • Total # Units: 4
Utility Info
  • Heating/Cooling: A/C Other, GFA
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
Income / Expense Info
Income / Expense Info
  • Income/Expenses: Estimated
  • Capitalization Rate: 2.32
  • Gross Rent Multiplier: 23.4
  • NOI: 204000
  • Annual Income: $376,800
  • Total Monthly Income: $31,400
Unit Info
Unit 1 Info
  • Unit 1Furnished: Y
  • Unit 1Num Of Baths: 2
  • Unit 1Num Of Bedrooms: 2
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 1
  • Unit 1Monthly Total: $15,000
  • Unit 1Rent: $15,000
Unit 2 Info
  • Unit 2Furnished: Y
  • Unit 2Num Of Baths: 2
  • Unit 2Num Of Bedrooms: 2
  • Unit 2Num Of Half Baths: 0
  • Unit 2Num Of Units: 1
  • Unit 2Monthly Total: $6,800
  • Unit 2Rent: $6,800
Unit 3 Info
  • Unit 3Furnished: Y
  • Unit 3Num Of Baths: 1
  • Unit 3Num Of Bedrooms: 1
  • Unit 3Num Of Half Baths: 0
  • Unit 3Num Of Units: 1
  • Unit 3Monthly Total: $4,800
  • Unit 3Rent: $4,800
Unit 4 Info
  • Unit 4Furnished: Y
  • Unit 4Num Of Baths: 1
  • Unit 4Num Of Bedrooms: 1
  • Unit 4Num Of Half Baths: 0
  • Unit 4Num Of Units: 1
  • Unit 4Monthly Total: $4,800
  • Unit 4Rent: $4,800
Contract Info
Contract Info
  • Deposit: 3
  • Financing: Cash
  • Close Price: $8,835,000.00
  • List Price: $8,800,000.00
  • Terms: Cash, Ctnl
  • Contract Date: 03-03-2022
  • Close Date: 03-15-2022
  • Status: Closed

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for Restricted Address

Taxable ValueLand$2,000,000Additions$6,835,000Total$8,835,000
Tax Record2023$93,558 ($7,796 / month)
Home Facts
Lot Size6,098 SqFtStyleDuplexCountySANTA BARBARAAPN033-073-003

Schools near Restricted Address

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 - 7 to 8
Rating
School
Distance
McKinley Elementary School
PublicK to 6

La Cumbre Junior High School
Public7 to 8

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 Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644; Berkshire Hathaway Home Services California Properties, Kathy Hughes, DRE #00521702

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.