On Site74 days
Year1925
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Avi Becker
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Status:
Active
Property Type:Residential Income
MLS #:22-3804
On Site:74 Days
County:Santa Barbara
Mixed Use Leased Investment at 4.52% Cap Rate. Fully stabilized rare State St Residential /Commercial property in the downtown core close to many amenities, beach and funk zone! Property consists of 1550 SF commercial space, and beautifully 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. Both spaces are leased generating 4.52 Cap.Exciting location w/ brand new 46 room Drift Hotel opening soon and upgraded Hotel Santa Barbara both one block away. Upcoming lifestyle project 1/2 block away featuring a restaurant, speakeasy, and major live music venue operated by Moss Adams (County Bowl). Also new 78 unit apartment building under construction at State and Gutierre
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Community Information
Address:428 State St, Santa Barbara, CA 93101
County:Santa Barbara
City:Santa Barbara
Subdivision:15 Or 20 - Downtown
Zip Code:93101
Architecture
Year Built:1925
Stories:2.0
Unit 1: 1.00 beds, 1.00 baths. Rent: $3500.00. Monthly Total: $3500.00
Unit 2: Rent: $7019.00. Monthly Total: $7019.00
Foundation: Slab
Parking / Garage: Uncovered
Features / Amenities
Laundry: In Unit
Amenities: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Property Features
Nearby: Bus, Ocean, Shopping
Zoning:C-M
Tax and Financial Info
Terms: Cash, Ctnl
Total Monthly Income: $10, 520
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428 State St Santa Barbara, CA 93101
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Listing Information Last Updated 2/4/2023
Listing provided courtesy of Berkshire Hathaway Home Services California Properties.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
