685 N La Cumbre Rd, Santa Barbara, CA 93110
For Sale
$2,200,000
Pending
Residential land & home lots
Property Size5,950 SF
Days on Market28
Property Features for 685 N La Cumbre Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Radius Commercial RE
Listed By:
Steve Golis · License CA #00772218
(805) 879-9606
Source:
Santaynezvalleyhomesforsale
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 8 at 7:18AM
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 Radius Commercial RE
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,720
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,354,400
$2.4M
Cap Rate 7%
$1,681,714
$1.7M
Cap Rate 9%
$1,308,000
$1.3M
Market Conditions
NOI Build-Up for 5,950 SF
Gross rent
$221.3K $37.20/SF
− Vacancy
−$7.3K −$1.23/SF
EGI
$214.0K $35.97/SF
− OpEx
−$96.3K −$16.19/SF
NOI
$117.7K $19.78/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,354,400
Cap Rate 7%
$1,681,714
Cap Rate 9%
$1,308,000
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,720 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.87M
$1.63M – $2.18M
NOI $130,722 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
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Business Placement
Demographics for 93110, CA
16,317
Population
6,866
Households
2.4
Avg Household Size
45
Median Age
48%
College-Educated
91%
High-School Grad
8.1 sq mi
ZIP Area
2,014
Density / Sq Mi
$118,819
Median Household Income
$56,836
Median Earnings
$2,358
Median Rent
$1,101,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 685 N La Cumbre Rd Santa Barbara, CA.
What is the asking price?
The asking price for this property is $2,200,000.
