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Property profile & analytics
OFF-MARKET
Estimated value
$11,830,000
Restaurants
121 Mason St Santa Barbara, CA 93101-1852
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1688001
Property profile
Verified
Property type
Restaurants
Use group
BAKERY
Lot
1.17 ac (50,965 SF)
APN
033-084-005
UPID
US09-1688001
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Polyosity UI / UX & SEO Marketing & Advertising (Bike/Boat/Book/etc) Store
-
star woman Astrologer
-
Free Spirit - Art Studio Training Center Tutoring Service
-
Mason Street Gallery Art Gallery
-
Mc Allister Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.83M
Owner & transaction history
121 E Mason Street LLC · 2 yrs held
121 E Mason Street LLC
since 2024
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,830,000
ML approach
$11,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.83M
Range $10.65M – $13.01M · ±10% · vs last sale $11.83M (Jan 25 2024)
Last sale anchor
$11.83M
Jan 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$74,251
Tax year 2024
Assessed value
$7,000,634
Assessed 2024
Previous assessed
$7,000,634
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$6,658,118
Assessed improvement
$342,516
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Restaurants
Use group
BAKERY
Status
Off-Market
Heating
NONE
Lot
1.17 ac (50,965 SF)
APN
033-084-005
UPID
US09-1688001
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.17 ac
Current owner
From public records · entity-resolved
121 E Mason Street LLC
Entity
Mailing address
1201 N BROADWAY, LOS ANGELES, CA 90012-1407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Yanonali Street LLC
—
Deed
related
$19,924,000 · Cathay Bank
Jan 25, 2024
$11,830,000
121 E Mason Street LLC
Somo Sb LLC
Grant Deed
$9,000,000 · Somo Sb LLC
Jun 30, 2017
—
Somo Sb LLC
—
Grant Deed
related
$6,800,000 · Pacific Premier Bk
Jan 31, 2014
$8,500,000
Somo Sb LLC
Sri Padma LLC
Grant Deed
$3,500,000 · San Diego Private Bank
Oct 14, 2011
—
Sri Padma LLC
Phantom Cargo A Co Found LLC
Grant Deed
—
Sep 10, 1997
—
Phantom Cargo
Nancarrow Trust
Grant Deed
related
—
—
—
Sri Padma LLC
—
Deed Of Trust
related
—
—
—
Somo Sb LLC
—
Loan Modification
related
$1,450,000 · San Diego Private Bk
—
—
Sri Padma LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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