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414 W Figueroa Street, Santa Barbara, CA 93101
$5,020,000
414 W Figueroa Street, Santa Barbara, CA 93101View this property at 414 W Figueroa Street, Santa Barbara, CA 93101
414 W Figueroa StreetSanta BarbaraCA93101
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Property Description
414 W Figueroa Street is a Spanish-style 10-unit multifamily property located near downtown Santa Barbara, offering an excellent unit mix of 3 x 3BD/2BA, 6 x 2BD/2BA, and 1 x 1BD/1BA, totaling approximately 10,505 SF of living space (average unit size 1,050 SF). Originally built in 1979, the property sits on a 24,211 SF R-MH (Residential Multi-Unit and Hotel) zoned parcel with a Medium Average Unit Density Overlay (27 Units / Acre) which could allow for a maximum density of 15 total units. Tenants enjoy mature landscaping, a large common laundry room and excellent onsite parking. Ground-floor units feature patios and yards while upper units include private balconies creating a unique indoor/outdoor living experience not typically found in this area. All units are separately metered. Seller financing now available with minimum 35% down, 5.5% interest-only payments, and 5-year maximum term. Price: $4,998,000 APN: 039-211-017 Units: 10 Units Unit Mix: 3 x 3BD/2BA; 6 x 2BD/2BA; 1 x 1BD/1BA Building Size: 10,505 SF (approx.) Land Size: 24,211 SF (approx.) Zoning: R-MH (Residential Multi Unit and Hotel) AUD Overlay: Medium Density (27 Units/acre) Year Built: 1979 (approx.) Parking: 20 spaces (9 carports, 10 uncovered, and one 294 SF one-car garage) Laundry: Onsite laundry room (approx. 175 SF) Cap Rate: Current: 4.09% Market: 5.86% GRM: Current: 15.18 Market: 11.77
Full Property Details
Full Property Details for 414 W Figueroa St
General
- Sold For: $5,020,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-3004
- Added to Site: 208 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 1
- Carport Spaces: 9
- Total Spaces: 19
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Subdivision: 15 or 20 - Downtown
- Cross Streets: Castillo St
School Information
- Elementary School: Peabody
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Structural Information
- Square Feet: 10,500
- Living Area: 10,500 Sq. Ft.
Lot Features
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,211
- Lot Size: 24211
- Lot Features: Near Public Transit
- Zoning: R-4
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Property ID: 039-211-017
Listed by Hayes Commercial Group
Sold by Berkshire Hathaway HomeServices California Properties
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Schools
Schools serving 414 W Figueroa St
School District:Santa Barbara Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
Peabody Charter School
3018 Calle Noguera, Santa Barbara, CA 93105 | K-6 | 2 mi | |
721 E Cota St, Santa Barbara, CA 93103 | 7-8 | 1.3 mi | |
700 E Anapamu St, Santa Barbara, CA 93103 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 414 W Figueroa St
Date
Details
Price
Change
Source
3/01/2024
Sold
$5,020,000
0.44%
MLS
11/14/2023
Price Reduced
$4,998,000
-2%
MLS
10/05/2023
Listed
$5,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
414 W Figueroa Street, Santa Barbara, CA 93101 (MLS# 23-3004) is a Multi-Family property that was sold at $5,020,000 on March 01, 2024. Want to learn more about 414 W Figueroa Street? Do you have questions about finding other Multi-Family real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.