Listing Courtesy of: Mitch Stark - Berkshire Hathaway HomeServices California Properties
805-969-5026
$1,995,000
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428 State 428 Street Santa Barbara, CA 93101
General Commercial
Residence
Beds
2
Baths
...
Bed/Bath
2,480
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
24-1677
Property Type
General Commercial
Bathrooms
Square Feet
2,480
sq. ft
Lot Size
0.04
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