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    706-708 Haley St Santa Barbara, CA 93103

    Sponsored
    For Sale
    $3,595,000

    Prime location, high-cap rate, modern mixed-use.

    Property size:
    4,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Santa Barbara's Laguna District presents a compelling investment opportunity. Located at 706-708 E Haley St, this three-building complex boasts 4,309 square feet, offering a blend of commercial and residential space. The property includes three commercial suites, five upscale apartments, and three garages, all meticulously renovated in 2016 (706 E Haley St) and 2023 (708 E Haley St). The apartments feature designer finishes, stainless steel appliances, in-unit laundry, and a shared community patio. The commercial spaces offer modern aesthetics with exposed truss ceilings, metal HVAC ducting, and LED lighting, suitable for various businesses. The property sits on approximately 10,454 square feet and features new roofs and HVAC systems (commercial suites only). Five uncovered parking spaces (one ADA compliant) are available, along with the three garages. A solar system is owned by the seller. The asking price is $3,595,000, representing a 4.88% cap rate and $834.30 per square foot. The seller is open to delivering the property either 100% occupied (with a three-year leaseback option on a 1,474 sq ft office space) or vacant. This property offers a unique blend of income generation and prime Santa Barbara location, within walking distance of restaurants, breweries, wineries, parks, the beach, and the Funk Zone. The property's APN is 031-301-023.

    Property Features for 706-708 Haley St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,309 SF

    Building Details

    Year Renovated
    2016
    Buildings
    3

    HighLights

    • $3,595,000 asking price, 4.88% cap rate.
    • 4,309 square foot mixed‑use building, comprised of three commercial suites and five apartments.
    • Located at 706‑708 E Haley St, Santa Barbara, CA; APN 031‑301‑023.
    • Recently renovated (2016 & 2023); new roofs and commercial HVAC systems.
    • Includes three 191 SF garages, 211 SF of storage, and five uncovered parking spaces (one ADA compliant).
    • Features a seller‑owned solar system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -119.6871991
    Latitude
    34.424291

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high-cap rate, modern mixed-use.
    Where is this mixed-use property located?
    The property is located at 706-708 Haley St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $3,595,000.
    What are key features of this property?
    This property features: $3,595,000 asking price, 4.88% cap rate.; 4,309 square foot mixed-use building, comprised of three commercial suites and five apartments.; Located at 706-708 E Haley St, Santa Barbara, CA; APN 031-301-023.
    (805) 898-4388
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    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
    706-708 Haley St Santa Barbara, CA 93103
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