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    517 Junipero St Santa Barbara, CA 93105

    Sponsored
    For Sale
    $3,950,000

    Prime Medical Office w/ Apartments

    Property size:
    3,714 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story medical office building, totaling 3,714 square feet, is situated on Junipero Street in Santa Barbara, CA, near Cottage Hospital. The ground floor comprises a spacious medical office, perfect for healthcare professionals seeking expansion in a thriving medical district. Upstairs, three one-bedroom, one-bathroom apartments offer additional income potential or staff housing. The property includes six off-street parking spaces, ensuring convenience for patients and staff. Built in 1963, this well-maintained building sits on a 7,840 square-foot lot and is zoned C-O (APN 025-090-009). Recent renovations totaling $1,000,000 enhance its appeal. The building can be delivered vacant or with a three-year leaseback option for the medical office

    Property Features for 517 Junipero St

    General Information

    Property type
    Medical offices
    Square Feet
    3,714 SF

    Building Details

    Year Built
    1963
    Stories
    2
    Units
    4

    HighLights

    • 3,714 SF medical office building
    • 7,840 SF lot size
    • Four units: ground floor medical office, three 1‑bedroom/1‑bathroom apartments; $1,000,000 in recent renovations
    • Six parking spaces
    • C‑O zoning
    • APN 025‑090‑009
    Property Profile Location Intelligence

    Current Use by Public Records

    Cummings Douglas MD Doctor Douglas Jackson Family Practice Physician Shaun Ehsani Family Practice Physician Jackson Medical Group Medical Clinic Ms. Karen Hanna ... Doctor

    Suggested Use

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

    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
    -119.72575
    Latitude
    34.4287643

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office w/ Apartments
    Where is this medical office located?
    The property is located at 517 Junipero St Santa Barbara, CA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: 3,714 SF medical office building; 7,840 SF lot size; Four units: ground floor medical office, three 1-bedroom/1-bathroom apartments; $1,000,000 in recent renovations
    Request Owner's contact information
    517 Junipero St Santa Barbara, CA 93105
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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
    517 Junipero St Santa Barbara, CA 93105
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