Date
Details
Price
Change
Source
7/08/2026
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,600,000 Just Listed
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Property Description
A rare ground lease investment opportunity in the heart of Santa Barbara's Funk Zone with freeway frontage -- one of the Central Coast's most dynamic & sought-after urban districts. The ground lease rate is substantial below market. This dual-parcel offering delivers a truly passive, absolute NNN income stream with zero landlord responsibilities. No expenses, no management, no surprises - just pure, unencumbered cash flow from day one. Ground leased, absolute NNN investments of this caliber in a market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property. Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.
Full Property Details
Full Property Details for 22 E Montecito St
General
- Price: $3,600,000
- Status: Active
- Type: Commercial
- Source: SBAOR
- MLS ID: 26-2271
- Updated: 7/8/2026
- Added to Site: 2 day(s) ago
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Cross Streets: Helena Ave
Structural Information
- Square Feet: 4,000
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 20,472
- Lot Size: 20472
- Zoning: Other
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 033-052-019
Listed by Radius Group Commercial R.E.
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Listing agents
— 22 E Montecito St —
Radius Group Commercial R.E.
Radius Group Commercial R.E.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 22 E Montecito St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
McKinley Elementary School, Santa Barbara, CA 350 Loma Alta Drive, Santa Barbara, CA 93109 | PK-6 | 0.7 mi |
La Cumbre Junior High School 2255 Modoc Road, Santa Barbara, CA 93101 | 7-8 | 2.1 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 22 E Montecito St
Tax History
Tax History for 22 E Montecito St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,417
2%
$1,642,715
2%
2024
$17,118
2%
$1,610,506
2%
2023
$16,807
2%
$1,578,928
2%
2022
$16,518
2%
$1,547,969
2%
2021
$16,136
1%
$1,517,618
1%
2020
$15,969
2%
$1,502,058
2%
2019
$15,691
1%
$1,472,607
2%
2018
$15,469
3%
$1,443,733
2%
2017
$14,958
2%
$1,415,425
2%
2016
$14,612
1%
$1,387,672
2%
2015
$14,452
50%
$1,366,829
51%
2014
$9,627
—
$902,438
—
2013
$9,583
—
$898,361
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 22 E Montecito St
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- Condo
- Active
- Updated 17 hours ago
- 2Beds
- 2Total Baths
- 1,112Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 6Beds
- 6Total Baths
- 5,369Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 7Total Baths
- 6,011Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 6Beds
- 6Total Baths
- 10,864Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 4Total Baths
- 2,582Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,756Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,115Sq. Ft.
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- Single Family
- Closed
- Updated 9 days ago
- 4Beds
- 5Total Baths
- 2,504Sq. Ft.
22 E Montecito Street, Santa Barbara, CA 93101 (MLS# 26-2271) is a Commercial property. 22 E Montecito Street is currently listed for $3,600,000 and was received on July 08, 2026. Want to learn more about 22 E Montecito 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.