735 State StSanta Barbara, CA 93101

Property Details for 735 State St

Lot size

0.36 AC

Property type

Office properties

Property subtype

Office buildings

APN

037-400-014

APU

37400014

Description

This exceptional office space, located at 735 State Street in the prestigious Balboa Building, offers a unique blend of history and modern convenience. Built in 1920, this seven-story building stands as a landmark in downtown Santa Barbara, boasting stunning mountain and ocean views. The property, identified by APN 037-400-014 in Santa Barbara County, CA 93101, is a multi-tenant building with a variety of office sub-types available, including traditional, executive, and creative office spaces. Currently, one space of 522 square feet is available. Situated at the intersection of State Street and De La Guerra Street, this location provides unparalleled access to the vibrant heart of Santa Barbara's business district and Paseo Nuevo. The building features a ground floor dedicated to retail spaces, while the upper five floors and basement house a diverse mix of office tenants. All tenants enjoy complimentary access to conference facilities and an auditorium. This is an opportunity to establish your business in a highly sought-after location within a historic and well-maintained building. The building's central location and amenities make it an ideal choice for businesses seeking a prestigious and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $4,678,073

  6.5%

  $4,318,221

  7%

  $4,009,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,981,899

  Geo Method

  $2,981,899

• Alternative Use

  Use

  Valuation

  Residential

  $5,354,594

  Hospitality

  $4,904,780

  Educational

  $4,080,719

  Medical

  $4,221,061

  Retail

  $6,347,785

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4192

Longitude

-119.699

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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