706-708 Haley St Santa Barbara, CA 93103
- Mixed-use properties
- 4,309 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 706-708 Haley St
- Property size
- 4,309 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Barbara
- County
- Santa Barbara
- State
- California
- Longitude
- -119.687
- Latitude
- 34.4243
