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428 State Street, Santa Barbara, CA 93101
$1,995,000
428 State Street, Santa Barbara, CA 93101View this property at 428 State Street, Santa Barbara, CA 93101
428 State StreetSanta BarbaraCA93101
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Property Description
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.
Full Property Details
Full Property Details for 428 State St
General
- Price: $1,995,000
- Status: Active
- Type: Commercial
- MLS ID: 24-1677
- Updated: 5/23/2024
- Added to Site: 25 day(s) ago
Business
- Business Type: Clothing
Rooms
Bathrooms
- Total Bathrooms: 2
Parking
- Parking Features: Reserved
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Cross Streets: Haley
Structural Information
- Square Feet: 2,480
- Living Area: 2,480 Sq. Ft.
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742.4
- Lot Size: .04
- Zoning: C-M
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 037-212-002
Listed by Berkshire Hathaway HomeServices California Properties
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Schools
Schools serving 428 State St
School District:Santa Barbara Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
290 Lighthouse Rd, Santa Barbara, CA 93109 | K-6 | 2 mi | |
721 E Cota St, Santa Barbara, CA 93103 | 7-8 | 0.8 mi | |
700 E Anapamu St, Santa Barbara, CA 93103 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 428 State St
Date
Details
Price
Change
Source
5/23/2024
Listed
$1,995,000
53.45%
MLS
8/30/2017
Sold
$1,300,100
—
Public Record
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
Tax History for 428 State St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,116
2%
$1,421,738
2%
2022
$14,856
2%
$1,393,862
2%
2021
$14,514
1%
$1,366,532
1%
2020
$14,364
2%
$1,352,520
2%
2019
$14,114
1%
$1,326,000
2%
2018
$13,914
9%
$1,300,000
7%
2017
$12,772
2%
$1,209,584
2%
2016
$12,490
1%
$1,185,867
2%
2015
$12,353
2%
$1,168,055
2%
2014
$12,151
—
$1,145,175
—
2013
$12,096
—
$1,140,000
—
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 428 State St
428 State Street, Santa Barbara, CA 93101 (MLS# 24-1677) is a Commercial property. 428 State Street is currently listed for $1,995,000 and was received on May 23, 2024. Want to learn more about 428 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.