428 State Street Santa Barbara, CA 93101
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountySanta Barbara
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive
- MLS ID Number241677
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.04 Acres
- Full Baths2
- Partial BathsN/A
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