428 State Street Santa Barbara, CA 93101

1 / 8

View all 8 Photos

Map

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.