Office Units with On-Site
For Sale
Contact for pricing
120 E De La Guerra St, Santa Barbara, CA 93101
Ground-floor office suites feature natural light, HVAC, signage opportunities, and walkable access to downtown amenities.
Property Size1,399 SF
Price / SF$0.96
Days on Market102
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Property Features for 120 E De La Guerra St
General Information
Standard status
Active
Size
1,399 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Office Units
3
Building Details
Year Built
1964
Listing Agency:
Hayes Commercial Group
Listed By:
Dylan Ward · License #01472452
(805) 898-4392
Source:
Santabarbarahomesearcher
Added: Jul 6
Changed: Oct 1
Last Checked: Oct 14 at 11:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
Investment Insights
Based on property information with market context.
This office property includes three suites with quality finishes, operable windows, and abundant natural light. Suites 1 and 2 are adjacent ground-floor spaces that may be combined, totaling 1,399 SF. HVAC is installed, and on-site parking is included.
Located at 120 E De La Guerra St in Santa Barbara, the property is near De La Guerra Plaza and State Street. The surrounding downtown area includes the Santa Barbara Post Office, Handlebar Coffee, Alessia Patisserie, Three Pickles, restaurants, shops, and other services, supporting a highly walkable office setting.
The combination of multiple suites, street-level access, parking, and signage opportunities provides a practical configuration for office users seeking a central Santa Barbara location.
Located at 120 E De La Guerra St in Santa Barbara, the property is near De La Guerra Plaza and State Street. The surrounding downtown area includes the Santa Barbara Post Office, Handlebar Coffee, Alessia Patisserie, Three Pickles, restaurants, shops, and other services, supporting a highly walkable office setting.
The combination of multiple suites, street-level access, parking, and signage opportunities provides a practical configuration for office users seeking a central Santa Barbara location.
Key Highlights
- Three office suites within one property
- Adjacent ground‑floor Suites 1 and 2 may be combined for 1,399 SF
- On‑site parking included at no additional charge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,160
$499.2K
Cap Rate 7%
$356,543
$356.5K
Cap Rate 9%
$277,311
$277.3K
Market Conditions
NOI Build-Up for 1,399 SF
Gross rent
$36.9K $26.40/SF
− Vacancy
−$3.7K −$2.61/SF
EGI
$33.3K $23.79/SF
− OpEx
−$8.3K −$5.95/SF
NOI
$25.0K $17.84/SF
Area
Santa Barbara County, CA
Vacancy
9.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,160
Cap Rate 7%
$356,543
Cap Rate 9%
$277,311
Alternative Uses
Best Use
Office B
$356.5K
$312.0K – $416.0K
NOI $24,958 @ 7.0% cap · market cap 1,848.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$439.1K
$384.2K – $512.3K
NOI $30,736 @ 7.0% cap · market cap 2,276.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
6,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Ground-floor office suites feature natural light, HVAC, signage opportunities, and walkable access to downtown amenities.
Where is this office units located?
The property is located at 120 E De La Guerra St Santa Barbara, CA.
What are key features of this property?
This property features: Three office suites within one property; Adjacent ground‑floor Suites 1 and 2 may be combined for 1,399 SF; On‑site parking included at no additional charge
