428 State St, SANTA BARBARA

SANTA BARBARA Home For Sale

Mixed Use Leased Investment at 4.52% Cap Rate. Fully stabilized rare State St Residential /Commercial property in the downtown core close to many amenities, beach and funk zone! Property consists of 1550 SF commercial space, and beautifully 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. Both spaces are leased generating 4.52 Cap. Exciting location w/ brand new 46 room Drift Hotel opening soon and upgraded Hotel Santa Barbara both one block away. Upcoming lifestyle project 1/2 block away featuring a restaurant, speakeasy, and major live music venue operated by Moss Adams (County Bowl). Also new 78 unit apartment building under construction at State and Gutierrez.

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
  • Contact Agent Now

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Additional Information

  • City:
    SANTA BARBARA
  • County:
    Santa Barbara
  • Zip:
    93101
  • MLS® #:
    22-3634
  • Bathrooms:
    2
  • Lot Size:
    0.04
  • Neighborhood:
    15 - SB/EAST OF STATE
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Listing information last updated on January 28th, 2023 at 3:01am PST.