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® (in 3 of 4 units).
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.
Cap Rate: 5.23%
LAUNDRY: None (Laundry Pick up &
Delivery Services within proximity).
PARKING: High capacity city parking lot diagonally across the street. Commercial: legal nonconforming for all CM uses.
Unit A – 1 BR- 1 BA
Unit B – 1 BR- 1 BA
Unit C – 1 BR- 1 BA
Unit D – 1 BR- 1 BA
Approx. Building Size: +/- 4400 SqFt
Approx. Lot Size: +/- 3,049 SqFt
100 E Haley St. +/- 1095 SqFt
102 E Haley St. +/- 1099 SqFt
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.
Downtown Santa Barbara features world class shopping ranging from major retailers to unique boutique shops; some of the finest restaurants and cafes offering authentic cuisine from across the globe; cultural venues including art galleries, theatres, historic museums and historic architecture. The beach, harbor, and famous Stearns Wharf are all just minutes away.
This property is also located just blocks from the high energy, artist driven Funk Zone: a SoHo like neighborhood where wine makers, chefs and artists now have an official place to showcase their unique talents. As lower State Street continues its rebirth, wine tasting rooms, restaurants with highly rated cuisine and ambiance, and night life energy continues to draw locals and tourists to this burgeoning and thriving area.
1/2 mile radius:
• 152 apartment units + 14,600 SqFt of Commercial Space Under Construction or Approved by Planning Commission
1/2 block radius:
Includes Rent Roll, Income and Expense Analysis and additional information........
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1170 Coast Village, Santa Barbara, CA 93108