Investment opportunity with upside in a prime Santa Barbara location!
Positioned in a hub of growth, and eligible for the City's AUD Medium-High Density Program (i.e. more units), this duplex with R-3 zoning is poised for lucrative future development. The current 2 bed/1 bath + 1 bed/1 bath single level configuration makes for solid rentability. The detached 2 car garage offers options for a potential ADU. With Cottage Hospital nearby, and all the shops and dining along the De La Vina corridor, this property has tremendous upside potential.
Closed
$1,200,000
519 W Los Olivos St, Santa Barbara, CA 93105
3beds
2baths
1,625sqft
Multi Family
Built in 1956
-- sqft lot
$1,674,300 Zestimate®
$738/sqft
$4,169 Estimated rent
Home value
$1,674,300
$1.46M - $1.93M
$4,169/mo
Zestimate® history
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$7,535/mo
Est. payment
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Est. payment
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Cottage hospital
Zillow last checked:
Listing updated:
Listed by:
David Kim 01813897 805-296-0662,
Village Properties,
Ronald Greenwald,
Premiere Estates International Real Estate
Bought with:
Karina Elias, 01339460
Keller Williams Realty Montecito
Source: SBMLS,MLS#: 23-2959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Wall Furnace
Appliances
- Laundry: Laundry Room, Other
Features
- Flooring: Carpet, Wood/Laminate
- Has fireplace: No
Interior area
- Total interior livable area: 1,625 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 1
Lot
- Size: 8,712 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 025210002
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- Good,Average
- Year built: 1956
Community & HOA
Location
- Region: Santa Barbara
Financial & listing details
- Price per square foot: $738/sqft
- Tax assessed value: $1,248,480
- Date on market: 10/2/2023
- Cumulative days on market: 36 days
- Listing terms: Conventional,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2023 | Sold | $1,200,000-11.1%$738/sqft |
Source:  SBMLS #23-2959 Report a problem | ||
| 11/9/2023 | Pending sale | $1,350,000$831/sqft |
Source: SBMLS #23-2959 Report a problem | ||
| 10/2/2023 | Listed for sale | $1,350,000$831/sqft |
Source: SBMLS #23-2959 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,248,480 +2% |
| 2025 | $12,952 +1.7% | $1,224,000 +2% |
| 2024 | $12,730 +77.1% | $1,200,000 +77.9% |
| 2023 | $7,188 +1.8% | $674,646 +2% |
| 2022 | $7,064 +2.4% | $661,419 +2% |
| 2021 | $6,901 +1% | $648,451 +1% |
| 2020 | $6,829 +1.8% | $641,803 +2% |
| 2019 | $6,710 +1.4% | $629,220 +2% |
| 2018 | $6,615 +3.4% | $616,884 +2% |
| 2017 | $6,397 +1.5% | $604,790 +2% |
| 2016 | $6,302 +2.8% | $592,932 +1.5% |
| 2015 | $6,132 | $584,026 +2% |
| 2014 | $6,132 | $572,587 +543.6% |
| 2012 | -- | $88,965 +2% |
| 2011 | -- | $87,221 +0.8% |
| 2010 | -- | $86,570 -0.2% |
| 2009 | -- | $86,777 +2% |
| 2008 | -- | $85,076 +2% |
| 2007 | -- | $83,409 +2% |
| 2006 | -- | $81,775 +2% |
| 2005 | -- | $80,173 +3.9% |
| 2003 | -- | $77,162 +2% |
| 2002 | -- | $75,650 +2% |
| 2001 | -- | $74,168 +2% |
| 2000 | -- | $72,715 |
Find assessor info on the county website
Neighborhood: Oak Park
Nearby homes
- $918,8001 bd1 ba-- sqft519 W Los Olivos St #A, Santa Barbara, CA 93105Off Market
- $1,770,0002 bd1 ba1k sqft515 W Los Olivos St, Santa Barbara, CA 93105Sold
- $1,218,7002 bd1 ba940 sqft525 W Los Olivos St, Santa Barbara, CA 93105Off Market
- $968,0003 bd2 ba1.5k sqft509 W Los Olivos St, Santa Barbara, CA 93105Off Market
- $4,100,000-- bd-- ba-- sqft2121 Oak Park Ln, Santa Barbara, CA 93105Off Market
- $1,114,1003 bd2 ba1.7k sqft2121 Oak Park Ln #1, Santa Barbara, CA 93105Off Market
- $1,076,3003 bd2 ba1.6k sqft2121 Oak Park Ln APT 2, Santa Barbara, CA 93105Off Market
- $865,2003 bd3 ba1.8k sqft2121 Oak Park Ln UNIT 3, Santa Barbara, CA 93105Off Market
Nearby schools
GreatSchools rating
- 7/10Adams Elementary SchoolGrades: K-6Distance: 0.8 mi
- 6/10La Cumbre Junior High SchoolGrades: 7-8Distance: 0.3 mi
- 8/10San Marcos Senior High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: Adams
- Middle: LaCumbre
- High: San Marcos
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,674,300
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- California
- Santa Barbara County
- Santa Barbara
- 93105
- Oak Park
- 519 W Los Olivos St
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