428 State Street, Santa Barbara, CA 93101

$1,995,000
List Price
$1,995,000
Status
ACTIVE
MLS#
24-1850
Lot Size
1,742
Region
SB/EAST OF STATE
Year Built
1930

Property Description

Rare Mixed Use property - 100% leased at 4.52 cap rate. The upstairs residential is a 930 SF, 1 bdrm, 1 bath unit with parking in excellent condition with great Riviera and mountain views! The downstairs retail space is occupied by a lifestyle clothing boutique that is vertically integrated and from the Lake Tahoe area. The space is in beautifully remodeled condition with skylight and exposed brick walls. Well located in Santa Barbara's downtown core close to many popular amenities, w/ an abundance of hotels in the ½ mile radius, including the new 46 room Drift Hotel & updated 75 room Santa Barbara Hotel both 1 block away. Other highlights include close proximity to the Gateway of the City's new $11M underpass project integrating beach/Stearns Wharf & Funk Zone to the downtown core

Additional Information

Elementary School
McKinley
Middle School
S.B. Jr.
High School
S.B. Sr.
Acres
0.04
Condition
Excellent
Foundation
Slab
Laundry
In Unit
Lot Size
1,742
Neighborhood
or 20 - Downtown
Parking Garage
Unc #1
Region
SB/EAST OF STATE
Units
1
Zoning
C-M

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices California Properties.