428 State Street Santa Barbara, CA 93101

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Rare Mixed Use property - 100% leased at 4.52 cap rate. The upstairs residential is a 930 SF, 1 bdrm, 1 bath unit on a month to month lease & is in excellent condition w/ incredible Riviera & mountain views! The downstairs retail space is occupied by a lifestyle clothing boutique from the Lake Tahoe area & is in beautifully remodeled condition with skylight and exposed brick walls. Well located in Santa Barbara's downtown core close to many popular amenities, w/ an abundance of hotels in the ½ mile radius, including the new 46 room Drift Hotel & updated 75 room Santa Barbara Hotel both 1 block away. Other highlights include close proximity to the Gateway of the City's new $11M underpass project integrating beach/Stearns Wharf & Funk Zone to the downtown core