100 - 102 E Haley St

    Santa Barbara, CA 93101
    • $2,200,000
    • STATUS: Closed
    • ON SITE: 256 days
    • MLS #: 18-75
    Sold - 05/18/2018
    $2,200,000
    SOLD - 05/18/2018
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.

    Description

    Fully occupied, Mixed Use Investment Property at 5.23% cap rate!!! This downtown Santa Barbara property at the signalized intersection of Anacapa & Haley features 4 fully furnished 1 bdrm, 1 bath residential units located above 2 highly versatile commercial spaces consisting of approx. 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 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, & much more. These fully furnished apartments include kitchen appliances, flat screen televisions, & Apple TV(r) in 3 out 4 units.This property is located in the rapidly gentrifying East Haley Street area with 152 apt. units & 14,600 SF of commercial space under construction or approved w/in 1/2 mile radius. Ideally situated, 1 block to State Street and the up and coming craft beer trail, & close to the beach, Funk Zone & new La Entrada, 5 star Hotel Californian. Location Description: The 100 - 102 East Haley Street Apartments and Commercial Units are located within one block of State Street in downtown Santa Barbara with close proximity to the beach and the Funk Zone and just minutes from Santa Barbara City College. The walk score for this property is 98 for residential tenants and being on the corner of Haley and Anacapa Streets, the retail business enjoy high visibility and easy customer access with a large capacity city parking lot diagonally across the street.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-09-22T19:47:33. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-09-22T19:47:33.
    www.theepsteinpartners.com/homes/79823990

    100 - 102 E Haley St Santa Barbara, CA 93101

    • Price: $2,295,000
    • Status: Closed
    • Updated: 62 min ago
    • MLS #: 18-75
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    4,400
    SQFT
    $0
    $/SQFT
    1948
    Built
    Neighborhood:
    SB/East of State
    County:
    Santa Barbara
    Area:
    SB/East of State
    Property Description
    Fully occupied, Mixed Use Investment Property at 5.23% cap rate!!! This downtown Santa Barbara property at the signalized intersection of Anacapa & Haley features 4 fully furnished 1 bdrm, 1 bath residential units located above 2 highly versatile commercial spaces consisting of approx. 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 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, & much more. These fully furnished apartments include kitchen appliances, flat screen televisions, & Apple TV(r) in 3 out 4 units.This property is located in the rapidly gentrifying East Haley Street area with 152 apt. units & 14,600 SF of commercial space under construction or approved w/in 1/2 mile radius. Ideally situated, 1 block to State Street and the up and coming craft beer trail, & close to the beach, Funk Zone & new La Entrada, 5 star Hotel Californian. Location Description: The 100 - 102 East Haley Street Apartments and Commercial Units are located within one block of State Street in downtown Santa Barbara with close proximity to the beach and the Funk Zone and just minutes from Santa Barbara City College. The walk score for this property is 98 for residential tenants and being on the corner of Haley and Anacapa Streets, the retail business enjoy high visibility and easy customer access with a large capacity city parking lot diagonally across the street.
    Property Features

    Condition Excellent Cross Street Anacapa Deposit 69000.00 For Sale Or Lease For Sale Gross Square Feet 4400.00 Income Expenses Annual Gross Income 169358.00 Income Expenses NOI 120037.00 Income Expenses Total Ann Exp 49321.00 Income Expenses Vacancy Factor 5% Offices 2 Retail 2 Terms CashCtnl Total Bathrooms 6.00 Type Commercial Use Mixed UseRetail/Commercial Zoning C-M

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-09-22T19:47:33. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-09-22T19:47:33.
     
    Keller Williams
    1435 Anacapa St.
    Santa Barbara CA, 93101
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.