Active
428 State Street
SANTA BARBARA CA, 93101
$1,995,000
$804.44 per sqft
Active
2 Baths
2,480 sqft
Commercial
Courtesy of Mitch Stark, Berkshire Hathaway HomeServices California Properties
100% occupied leased investment property at 4.52% Cap Rate. Rare State St Mixed Use - Residential / Commercial property in the downtown core close to many amenities, beach and funk zone! Property consists of beautifully remodeled 1550 SF retail space leased on a new 5 year term to Venture Apparel, a great lifestyle clothing boutique based in South Lake Tahoe, and an attractively upgraded upstairs 930 SF 1 bdrm, 1 bath residential unit with large retractable windows allowing for amazing Riviera and Mountain Views! Laundry in unit and 1 car parking. Exciting location with the 46 room Drift Hotel a block away and a 76 unit apartment building development near completion around the corner on Gutierrez St. Rare offering for a 100% leased investment at sub $2M price point.
24-1677
MLSⓇ ID
May 23, 2024
Listed
October 1, 2024
Updated
Map
428 State Street
SANTA BARBARA CA, 93101
Interior Features
Total Bathrooms
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.04 Acres
Other Property Details
Area Name
15 - SB/EAST OF STATE
Days on Market
127
Garage
No
Parking
Reservd
View
No
County
Santa Barbara
Pool
No
Zoning
C-M
Listed by Berkshire Hathaway HomeServices California Properties, Mitch Stark,
Listing Contact: [email protected]
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Data last updated 9:21 PM UTC, 10/1/2024
