215 Bath Street, SANTA BARBARA, CA 93101 (MLS# 23-822)

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215 Bath Street, SANTA BARBARA, CA 93101

$16,800,000

Property Type: Res Inc Square Footage: 27,132 Lot Size (sq. ft.): 43,124 Status: Closed

Current Price: $16,800,000 List Date: 3/30/2023 Last Modified: 4/24/2025

Overview

Description

215 Bath Street is a 52 unit generational multifamily asset n Santa Barbara located within the famed West Beach neighborhood. The property consists of 27 x 1BD/1BA units, 23 Studios and 2 x 2BD/1BA units in three separate buildings creating a unique apartment community unlike most properties in the area. Residents enjoy ample on-site parking, use of an on-site laundry room, and a common courtyard with in-ground swimming pool and lounge area. The property's location in West Beach provides unparalleled conveniences to the Funk Zone, Santa Barbara Harbor, Stearns Wharf, State Street and proximity to Santa Barbara City College (''SBCC'') as well as easy Hwy 101 access. Offers are due 4/13/2023 by 5 PM (''Bid Date''). Seller reserves the right to accept an offer prior to the Bid Date.

Listing Details MLS# 23-822

Location Info

District: 20 - SB/WEST OF STATE
Street #: 215
Street Name: Bath
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-031-022
Cross Street: Montecito St
Walk Score: 90
Bike Score: 99

Contract Info

Price: 19000000
Financing: CTNL
Buyers Agent $/%: 1.5
Begin Date: 2023-03-30

Status Information

Sold Date: 2023-08-31
Under Contract Date: 2023-06-08

Property Information

Number of Units: 52
Stories: 2
Year Built: 1930
Main House SqFt: 27132
Apx # Acres: 0.99
Apx Lot SqFt: 43124
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 20 - West Beach

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 50

Unit 1

# Units: 27
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Monthly Total: 51105
# Half Baths: 0
Rent: 0

Unit 2

# Units: 23
# Baths: Yes
Monthly Total: 35631
# Bedrooms: 0

Unit 3

# Units: 2
# Bedrooms: 2
# Baths: Yes
Monthly Total: 6383

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 50

Neighborhood/Schools

Elementary School: McKinley
Junior High School: LaCumbre
High School: S.B. Sr.

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Amenities

Pool: Yes

Income/Expenses

Total Monthly Income: 93119
Other Income: 6200
Annual Income: 1123631

Zoning

R-4: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Exchange

Yes: Yes

Property Features

Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Amenities: Pool Zoning: R-4 Exchange: Yes Terms: Cash Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: April - 24 - 2025

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