100 - 102 E Haley Street, Santa Barbara, CA 93101
- $2,200,000
- Sold Price
- $2,200,000
- List Price
- $2,295,000
- Status
- CLOSED
- MLS#
- 18-70
- Closing Date
- May 18, 2018
- Lot Size
- 3,049
- Region
- SB/EAST OF STATE
- Year Built
- 1948
Property Description
Fully occupied, Mixed Use Investment Property at 5.23% cap rate!!! This downtown Santa Barbara property at the signalized intersection of Anacapa and Haley features 4 fully furnished 1 bedroom, 1 bath residential units located above 2 highly versatile commercial spaces consisting of approximately 1,100 SF each. The commercial units are occupied by solid tenants; Pedego Electric Bikes and Santa Barbara Shoe Repair, both with a good track record of success, and they have significant lease term remaining on their leases. The building has recently been painted & each residential unit is beautifully updated to include noise reducing dual pane windows, refinished oak hardwood floors, and much more. These fully furnished apartments include kitchen appliances, flat screen televisions, & Apple TV® This property is located in the rapidly gentrifying East Haley Street area with 152 apartment units and 14,600 SF of commercial space under construction or approved within 1/2-mile radius. Ideally situated, 1 block to State Street and the up and coming craft beer trail, close to the beach, Stearn's Warf, Funk Zone and the new La Entrada, 5-star Hotel Californian.
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Additional Information
- Elementary School
- Other
- Middle School
- Other
- High School
- Other
- Acres
- 0.07
- Annual Income
- 169358
- Capitalization Rate
- 5.23%
- Condition
- Excellent, Good
- Lot Size
- 3,049
- Neighborhood
- or 20 - Downtown
- Region
- SB/EAST OF STATE
- Stories
- 2
- Taxes
- $24,196
- Total Annual Expense
- 49321
- Units
- 6
- Zoning
- C-M
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Listing courtesy of Berkshire Hathaway HomeServices California Properties. Selling Office: .