820 State StSanta Barbara, CA 93101

  • Mixed-use properties
  • 0.30 AC
For Lease
$31.80/SF/YR View listing

Property Details for 820 State St

Lot size
0.30 AC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
037-052-024
APU
37052024

Description

Exceptional office space is available for lease in the prestigious El Paseo Building, located at 820 State St, STE 302 & 401, Santa Barbara, CA 93101. This property offers two distinct suites totaling 2,594 to 6,360 square feet of versatile office space, ideal for businesses seeking a prominent downtown address. Situated on the third and fourth floors, these suites boast breathtaking views of the city, mountains, and ocean. Each suite includes thoughtfully designed private offices and conference rooms, perfect for fostering collaboration and productivity. Building amenities include convenient elevator service. Suite 401 further enhances its appeal with a private restroom. The El Paseo Building's location is unparalleled, placing tenants steps away from Santa Barbara's vibrant shopping and dining district, and less than a mile from the beautiful Pacific coastline. The property is zoned C-G and has an APN of 037-052-024. This is a rare opportunity to secure high-quality office space in one of Santa Barbara's most desirable locations. The building is easily accessible via E Canon Perdido St. Multiple tenancies are available. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,834,156
    6.5%
    $4,462,298
    7%
    $4,143,562
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,851,767
    Geo Method
    $3,851,767
  • Alternative Use

    Use
    Valuation
    Residential
    $4,462,298
    Hospitality
    $4,087,440
    Educational
    $3,400,702
    Medical
    $3,517,658
    Retail
    $5,289,982
820 State St, Santa Barbara, California

Location Insight

City
Santa Barbara
County
Santa Barbara
State
California
Latitude
34.4204
Longitude
-119.7
CBSA code
42200
CBSA name
SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$291,893
$3,720,000
$22,291,000
$26,011,000
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