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    115 E Micheltorena St

    Santa Barbara, CA 93101
    • $5,600,000
    • STATUS: Closed
    • ON SITE: 204 days
    • MLS #: 19-4073
    Sold - 03/02/2020
    $5,600,000
    SOLD - 03/02/2020
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1991
    County:

    School Ratings & Info

    Listing provided courtesy of Village Properties - 1.

    Description

    Stunning Class A commercial 2 story office building designed by Edwards-Pitman Architects in the Santa Barbara style architecture. Beautifully landscaped and sits in the heart of the upper east side across from Alameda Park. A short distance to Alice Keck Park , Federal and County Courts and the Entertainment district. Also Included are two residential income units at 114 La Paz unit A & B , 28 off street parking spaces ( a 4 to 1 ratio) and the possibility to further develop. The office building is on a master lease til July 2023 currently with possible first floor sub let or owner usage (approximately 2700 Sq. Ft). as of 2018 approximate ROI 4.50 and GRM of 21.8 .

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    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-07-03T09:46:52.03. 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 2020-07-03T09:46:52.03.
    www.theziagroup.com/homes/101665900
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    115 E Micheltorena St Santa Barbara, CA 93101

    • Price: $5,900,000
    • Status: Closed
    • Updated: 25 min ago
    • MLS #: 19-4073
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    1991
    Built
    Neighborhood:
    SB/East of State
    County:
    Santa Barbara
    Area:
    SB/East of State
    Property Description
    Stunning Class A commercial 2 story office building designed by Edwards-Pitman Architects in the Santa Barbara style architecture. Beautifully landscaped and sits in the heart of the upper east side across from Alameda Park. A short distance to Alice Keck Park , Federal and County Courts and the Entertainment district. Also Included are two residential income units at 114 La Paz unit A & B , 28 off street parking spaces ( a 4 to 1 ratio) and the possibility to further develop. The office building is on a master lease til July 2023 currently with possible first floor sub let or owner usage (approximately 2700 Sq. Ft). as of 2018 approximate ROI 4.50 and GRM of 21.8 .
    Interior Features

    Amenities Ada CompliantElevatorFire SpklGuard ServLawn SpklMeter/ElecMeter/GasMeter/WtrShr/PhoneViews Heating Cooling A/C CentralGfa

    Property Features

    1031 Exchange No Business Information Owned Since 1991 Business Information Percent Currently Leased 100 Business Type Service Condition Excellent Contingent Remarks Contact Agent Cross Street Anacapa St Deposit 177000.00 For Sale Or Lease For Sale Gross Square Feet 7000.00 Loan No Not Rented Square Feet 6949.00 Offices 2 Parking CarportDetachdOtherUncovrd Reports Leases CopyPrelim Tenant Pays Cbl TvElecExt MainGasHeatInsInt MainJanitrPrk AreaTaxesTrashWtr Terms CashCtnl Total Bathrooms 4.00 Type Commercial Use Medical OfficeMixed UseOfficeResidential Year Built Remarks New Zoning R-0

    Listing information © 2020 Santa Barbara MLS
    Listing provided courtesy of Village Properties - 1.



    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-07-03T09:46:52.03. 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 2020-07-03T09:46:52.03.
     
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    The Zia Group | Keller Williams Santa Barbara
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Village Properties - 1.