Property Type:Residential Income
On Site:74 Days
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
$000 Monthly Payment
Loan and interest only.
Address:428 State St, Santa Barbara, CA 93101
Subdivision:15 Or 20 - Downtown
Unit 1: 1.00 beds, 1.00 baths. Rent: $3500.00. Monthly Total: $3500.00
Unit 2: Rent: $7019.00. Monthly Total: $7019.00
Parking / Garage: Uncovered
Features / Amenities
Laundry: In Unit
Amenities: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Nearby: Bus, Ocean, Shopping
Tax and Financial Info
Terms: Cash, Ctnl
Total Monthly Income: $10, 520
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Listing Information Last Updated 2/4/2023
Listing provided courtesy of Berkshire Hathaway Home Services California Properties.
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