Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1600 Santa Barbara St Santa Barbara, CA 93101

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,500,000

    Classic building suitable for apartments or condominiums in Santa Barbara.

    Lot size:
    0.72 Acres

    Property Features for 1600 Santa Barbara St

    General Information

    Lot size
    0.72 Acres

    Building Details

    Year built
    1940

    Source: Berkshire Hathaway HomeServices California Properties

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building in Prime Location

    This unique and treasured property, known as ''The McCormick House'', presents a prime opportunity for developers and investors. Located in an A++ location where downtown Santa Barbara transitions to the Upper East, and directly across from Alick Keck Park gardens, the property benefits from the new flexible Adaptive Re-Use ordinance and favorable R-M zoning, making it suitable for conversion into apartments or condominiums. The building has been used commercially as an art education center since the late 1960s. The structure, approximately 12,500 square feet including a full ceiling height lower level, underwent a major systems renovation in the 1990s. The property has potential for Mills Act property tax reduction, which may add to the investment benefits.
    Location Intelligence

    Current Use by Public Records

    Ridley Tree-Education Center Education Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.7074086
    Latitude
    34.4296866

    Nearby Similar for Sale

    • $5,995,000
      2,389 SF

      Remodeled Mixed-Use Property Downtown

      Mixed-use property with residential and short-term rental income potential.
      6 E Valerio St, Santa Barbara, CA 93101
      View Details
    • $5,995,000
      2,389 SF

      Remodeled Mixed-Use Santa Barbara Property

      Mixed-use property with residential and short-term rental income potential.
      6 E Valerio St, Santa Barbara, CA 93101
      View Details
    • $1,700,000
      1,342 SF

      Versatile Santa Barbara Property

      Charming property near State Street, suitable for commercial or residential.
      136 West Figueroa St, Santa Barbara, CA 93101
      View Details
    • $2,250,000
      0.15 Acres

      Santa Barbara Fourplex Near Hospital

      Fourplex in prime location near Cottage Hospital and downtown.
      2128 Bath St, Santa Barbara, CA 93105
      View Details
    • $2,295,000

      Santa Barbara Duplex with Views

      Renovated duplex in prime location near downtown Santa Barbara.
      514 E Islay St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      910 SF

      Remodeled Restaurant Space on Pardall

      Remodeled 910 SF restaurant space ready for your concept.
      6580 Pardall Rd, Santa Barbara, CA 93117
      View Details

    FAQs

    What type of property is this?
    Apartment building - Classic building suitable for apartments or condominiums in Santa Barbara.
    Where is this apartment building located?
    The property is located at 1600 Santa Barbara St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Prime location in Santa Barbara's Upper East, across from Alick Keck Park.; - Adaptive Re-Use ordinance and R-M zoning allow for apartment or condominium conversion.; - Historic building with potential for Mills Act property tax reduction.
    (805) 455-9066
    Request Owner's contact information
    1600 Santa Barbara St Santa Barbara, CA 93101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1600 Santa Barbara St
    Santa Barbara, CA 93101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Santa Barbara St Santa Barbara, CA 93101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.