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$4,950,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 3,450 Sq. Ft.
  • 0.51 Acres
  • Updated 2 days ago
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Located at 1936 State Street in Santa Barbara, this offering presents a newer construction, fully leased retail investment with strong in-place income. The property is occupied by 7-Eleven and Ike's Love & Sandwiches, two nationally recognized tenants providing stable, reliable cash flow. Positioned along the highly trafficked State Street corridor, the asset benefits from excellent visibility and strong surrounding demographics. With modern construction and minimal near-term capital needs, this is a low-management, high-quality investment opportunity in one of California's most desirable coastal markets.

Full Property Details for 1936 State St

General

  • Price: $4,950,000
  • Status: Active
  • Type: Commercial
  • Source: SBAOR
  • MLS ID: 26-1596
  • Updated: 5/14/2026
  • Added to Site: 2 day(s) ago

Location

  • Area: 15 - SB/EAST OF STATE
  • County: Santa Barbara
  • Cross Streets: Mission St.

Structural Information

  • Square Feet: 3,450

Lot Features

  • Lot Size (Acres): 0.51
  • Lot Size (Sq. Ft.): 22,215
  • Lot Size: 22215
  • Zoning: Other

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 025-372-001

Listed by Radius Group Commercial R.E.

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Listing agents

— 1936 State St —

  • Radius Group Commercial R.E.

  • Radius Group Commercial R.E.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1936 State St

School District:Santa Barbara Unified School District
NameGradesDistance
Roosevelt Elementary School, Santa Barbara, CA
1990 Laguna Street, Santa Barbara, CA 93101
K-60.5 mi
Santa Barbara Junior High School
721 East Cota Street, Santa Barbara, CA 93103
7-81.5 mi
Santa Barbara Senior High School
700 East Anapamu Street, Santa Barbara, CA 93103
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1936 State St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2026
Listed
$4,950,000
—
MLS
11/14/2016
Sold
$4,950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1936 State St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$60,688
2%
$5,744,895
2%
2024
$59,650
2%
$5,632,251
2%
2023
$58,569
2%
$5,521,816
2%
2022
$57,564
2%
$5,413,546
2%
2021
$56,244
1%
$5,307,399
1%
2020
$55,665
2%
$5,252,979
2%
2019
$54,696
1%
$5,149,980
2%
2018
$53,923
3%
$5,049,000
2%
2017
$52,143
36%
$4,950,000
35%
2016
$38,246
89%
$3,656,049
90%
2015
$20,250
38%
$1,919,404
38%
2014
$14,692
32%
$1,391,600
33%
2013
$11,126
—
$1,043,390
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Radius Group Commercial R.E.

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1936 State Street, Santa Barbara, CA 93101 (MLS# 26-1596) is a Commercial property. 1936 State Street is currently listed for $4,950,000 and was received on May 14, 2026. Want to learn more about 1936 State Street? Do you have questions about finding other Commercial real estate for sale in East Of State? You can browse all East Of State real estate or contact a Coldwell Banker agent to request more information.

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