Turner Foundation (Non-Profit) owned property, currently providing 45 units of housing and 54 parking spaces with Community Learning Center, Programs and Services on site. Gross income $1.1m per year and current rent is 35% below market rate. Past Year NOI $802K with Non-Profit property tax exemption status equating to a 4.9% cap rate. New buyer may potentially retain Turner Foundation Non-Profit property tax exemption status if Turner Foundation remains as an Operating Partner. Buyer to verify all information.
Property Details
Property Features
Property Information:
Year Built: 1972
Listing Office:
Office Name: Compass, JT Real Estate Group
Office Phone: (805) 284-0881, (805) 724-0557
Listing Agent: 20/Twenty Group, Jim Turner
Interior Features
Interior Information:
Flooring Type: Vinyl, Carpet
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 1.00 Acres
School Info
Assigned Schools Information:
San Marcos Senior High School, Public District Grades 9-12
La Cumbre Junior High School, Public District Grades 7-8
Santa Barbara Community Academy, Public District Grades KG-6
Adams Elementary School, Public District Grades KG-6
Price Information
Listing Price Info
Price Summary:
List Price: $15,900,000
Tax Information:
Annual Amount: $131
Tax Year: 2021
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MLS Details
MLS Information:
MLS Name: Santa Barbara Multiple Listing Service
MLS Number: #24-571
Listing Office:
Office Name: Compass, JT Real Estate Group
Office Phone: (805) 284-0881, (805) 724-0557
Listing Agent: 20/Twenty Group, Jim Turner
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 2:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 28, 2014
Aug 28, 2014Home Sold
$12,500,000
Jan 04, 2008
Jan 04, 2008Home Sold
$9,780,000
Apr 19, 2004
Apr 19, 2004Home Sold
$7,900,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$131
$13,901,550
2020
$131
$13,736,738
2019
$3,320
$13,467,391
2018
$3,320
$13,203,325
2017
$3,142
$12,944,437
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Santa Barbara Community Academy
850 Portesuello Ave
Distance between this listing and this school0.73 miles
Public District Grades KG-6
4
/10
Adams Elementary School
2701 Las Positas Rd
Distance between this listing and this school1.38 miles
Public District Grades KG-6
Middle School
4
/10
La Cumbre Junior High School
2255 Modoc Rd
Distance between this listing and this school0.69 miles
Public District Grades 7-8
High School
6
/10
San Marcos Senior High School
4750 Hollister Ave
Distance between this listing and this school4.27 miles
Public District Grades 9-12
Assigned Schools
4
/10
Santa Barbara Community Academy
850 Portesuello Ave
Distance between this listing and this school0.73 miles
Public District Grades KG-6
4
/10
Adams Elementary School
2701 Las Positas Rd
Distance between this listing and this school1.38 miles
Public District Grades KG-6
Nearby Schools
5
/10
Harding University Partnership
1625 Robbins St
Distance between this listing and this school0.46 miles
Public District Grades KG-6
Assigned Schools
4
/10
La Cumbre Junior High School
2255 Modoc Rd
Distance between this listing and this school0.69 miles
Public District Grades 7-8
Nearby Schools
3
/10
Santa Barbara Junior High School
721 E Cota St
Distance between this listing and this school1.57 miles
Public District Grades 7-8
6
/10
La Colina Junior High School
4025 Foothill Rd
Distance between this listing and this school3.09 miles
Public District Grades 7-8
Assigned Schools
6
/10
San Marcos Senior High School
4750 Hollister Ave
Distance between this listing and this school4.27 miles
Public District Grades 9-12
Nearby Schools
6
/10
Santa Barbara Senior High School
700 E Anapamu St
Distance between this listing and this school1.17 miles
Public District Grades 9-12
7
/10
Dos Pueblos Senior High School
7266 Alameda Ave
Distance between this listing and this school9.44 miles
The neighbors living near this home have an average income of $45,746. The most common annual income of people living in Santa Barbara County, CA is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
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This home is located at 1502 San Pascual St in Santa Barbara, CA and zip code 93101 in the West Side neighborhood. This home, which was built in 1972, sits on a 1.00 acre lot. It has been listed on Rocket Homes since February 24, 2024 and is currently priced at $15,900,000.
Santa Barbara County, CA housing market in April 2024 saw over 65 listings sold above listed price, more than 33 sold at listed price and over 80 sold below. In April 2024 in Santa Barbara County, CA there were 12.9% more homes for sale than in March 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $1,256,464 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.
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