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$1,750,000 Just Listed
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Property Description
Well located downtown restaurant available for sale for the first time in more than 60-years. Located just a short distance from the Wharf. This part of State Street is in the midst growth and change as a result of the investments UCSB has made with their purchase of the 80-unit apartment building and Meeting Hall across the Street. As well as two music venues planned for the former ''Casa Blanca restaurant'' on Gutierrez & State Streets. This is an opportunity for a owner/user or investor to take advantage of the growing energy of what is taking place in this area and along State Street.
Full Property Details
Full Property Details for 431 State St
General
- Price: $1,750,000
- Status: Active
- Type: Commercial
- Source: SBAOR
- MLS ID: 26-1602
- Updated: 5/14/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Restaurant
Rooms
Bathrooms
- Total Bathrooms: 2
Parking
- Parking Features: Public Lot
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Cross Streets: Haley
Structural Information
- Square Feet: 2,489
- Property Condition: Average
Lot Features
- Zoning: C-M
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 037-211-008
Listed by Radius Group Commercial R.E.
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Schools
Schools serving 431 State St
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Monroe Elementary School, Santa Barbara, CA 431 Flora Vista Drive, Santa Barbara, CA 93109 | K-6 | 2.2 mi |
La Cumbre Junior High School 2255 Modoc Road, Santa Barbara, CA 93101 | 7-8 | 1.9 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 431 State St
Date
Details
Price
Change
Source
5/14/2026
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 431 State St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,996
1%
$363,641
2%
2024
$4,928
30%
$356,511
2%
2023
$3,783
418%
$349,522
472%
2022
$730
3%
$61,153
2%
2021
$709
1%
$59,955
1%
2020
$701
2%
$59,341
2%
2019
$688
1%
$58,178
2%
2018
$678
4%
$57,038
2%
2017
$655
-10%
$55,921
2%
2016
$729
1%
$54,825
2%
2015
$721
1%
$54,003
2%
2014
$712
—
$52,946
—
2013
$709
—
$52,708
—
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 431 State St
431 State Street, Santa Barbara, CA 93101 (MLS# 26-1602) is a Commercial property. 431 State Street is currently listed for $1,750,000 and was received on May 14, 2026. Want to learn more about 431 State Street? Do you have questions about finding other Commercial real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

