701 Anacapa StSanta Barbara, CA 93101

Property Details for 701 Anacapa St

Lot size

0.11 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

037-092-010

APU

37092010

Description

This exceptional 263-square-foot office space, located at 701 Anacapa Street, Suite F, in Santa Barbara, California (93101), offers a unique blend of historic character and modern convenience. Situated on the second floor of a two-story building constructed in 1927 and renovated in 2018, this single-tenant office boasts original 1920s oak flooring, high vaulted ceilings, and exposed board-marked concrete walls. The space is generously lit with natural light and features air conditioning and heating for year-round comfort. The 2018 renovation, completed by Miramar Group, enhanced the building's appeal, creating a professional environment shared with other high-end office tenants. This prime location places you in the heart of Santa Barbara, steps away from acclaimed restaurants, including GALA located directly below, and within easy walking distance of popular coffee shops. State Street is less than a block away, offering convenient access to shopping and other amenities. Abundant parking options are available in the surrounding area. The property's Assessor's Parcel Number (APN) is 037-092-010. The cross street is Ortega Street. This property is available for occupancy beginning January 1, 2025. The building does not have an elevator.

• CAP approach

  CAP return

  Valuation

  6%

  $1,772,326

  6.5%

  $1,635,994

  7%

  $1,519,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,412,138

  Geo Method

  $1,412,138

• Alternative Use

  Use

  Valuation

  Residential

  $1,635,994

  Hospitality

  $1,498,561

  Educational

  $1,246,786

  Medical

  $1,289,664

  Retail

  $1,939,444

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4198

Longitude

-119.697

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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