428 State, Santa Barbara, California 93101

$1,995,000
List Price
$1,995,000
Status
ACTIVE
MLS#
22-3804
Lot Size
1,742
Region
SB/EAST OF STATE
Year Built
1925

Property Description

Rare State St Residential Income/Mixed Use property in the downtown core close to many amenities, beach and funk zone! Excellent 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. Unit will be delivered vacant at COE allowing for owner/user to occupy or full market rent for investor. Brand new 46 room Drift Hotel opening soon and upgraded Hotel Santa Barbara both one block away. Upcoming exciting project 1/2 block away with a 13,000 SF lifestyle project featuring a restaurant, speakeasy, and major live music venue operated by Moss Adams (County Bowl). Possible live work or cash flow from the street level 1555 SF commercial space currently leased through April, 2024.

Additional Information

Elementary School
Monroe
Middle School
S.B. Jr.
High School
S.B. Sr.
Amenities
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Condition
Excellent
Foundation
Slab
Laundry
Unit
Listing Type
ER
Lot Size
1,742
Neighborhood
or 20 - Downtown
Parking Info
Uncovered
Proximity
Near Bus, Near Ocean, Near Shopping
Region
SB/EAST OF STATE
Stories
2
Terms
Cash, Ctnl
Total Monthly Income
$10,520
Units
2
Zoning
C-M

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway Home Services California Properties.