Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    215 Milpas St Santa Barbara, CA 93103-3670

    • Apartment buildings
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $2,710,000
    Last Sale
    Jul 29, 2022
    $2,100,000
    Location Intelligence
    Property ID
    US09-1868416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 215 Milpas St

    Lot size
    0.36 lot acres
    Property type
    Apartment buildings
    APN
    017-251-012
    APU
    17251012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,075,000
      6.5%
      $2,275,000
      7%
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,960,000
      Geo Method
      $1,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,260,000
      Retail
      $2,280,000
      Mixed-Use
      $2,215,000
      Hospitality
      $2,310,000
      Educational
      $2,380,000
      Residential Income
      $2,570,000
      Energy
      $2,210,000
      Income-Based Land
      $2,445,000
      Food Service
      $2,405,000

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.675
    Latitude
    34.4197
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,713
    $1,963,500
    $178,500
    $2,142,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      1026 Haley St

      APARTMENT HOUSE (5+ UNITS) • 0.36 Acres
      1026 Haley St, Santa Barbara, CA 93103-2545
      View Details
    • Value Estimation by Request
      0.72 Acres

      707 Colina Ln

      APARTMENT HOUSE (5+ UNITS) • 0.72 Acres
      707 Colina Ln, Santa Barbara, CA 93103-2234
      View Details
    • Value Estimation by Request
      0.74 Acres

      28 Voluntario St

      APARTMENT HOUSE (5+ UNITS) • 0.74 Acres
      28 Voluntario St, Santa Barbara, CA 93103-3400
      View Details
    • Value Estimation by Request
      0.51 Acres

      1520 Eucalyptus Hl Rd

      APARTMENT HOUSE (5+ UNITS) • 0.51 Acres
      1520 Eucalyptus Hl Rd, Santa Barbara, CA 93103-2875
      View Details
    • Value Estimation by Request
      0.23 Acres

      916 Carrillo Rd

      APARTMENT HOUSE (5+ UNITS) • 0.23 Acres
      916 Carrillo Rd, Santa Barbara, CA 93103-2440
      View Details
    • Value Estimation by Request
      0.12 Acres

      610 Maple Ave

      APARTMENT HOUSE (5+ UNITS) • 0.12 Acres
      610 Maple Ave, Santa Barbara, CA 93103-1955
      View Details

    Similar Nearby for Sale

    • $2,295,000

      Santa Barbara Multifamily Property

      Two spacious units with city-to-sea views in Santa Barbara.
      1750 Prospect Ave, Santa Barbara, CA 93103
      View Details
    • $3,395,000

      Remodeled Santa Barbara Income Property

      Three-unit residential property with ocean and city views.
      1418 Alta Vista Rd, Santa Barbara, CA 93103
      View Details
    • $3,340,000

      Three Homes in Lower Riviera

      Three freestanding homes near Downtown Santa Barbara and beaches.
      1107 E Cota St, Santa Barbara, CA 93103
      View Details
    • $4,300,000

      Santa Barbara Multifamily and Church

      Versatile investment opportunity: church, house, and apartment building.
      1030-1032 E Mason St, Santa Barbara, CA 93103
      View Details
    • $3,399,000

      Restored Duplex Near Montecito Post

      Two-unit property with rental income potential, restored in 2019.
      428 Corona Del Mar, Santa Barbara, CA 93103
      View Details
    • $2,950,000

      Charming Multifamily with Ocean Views

      Four-unit property with ocean views in Santa Barbara.
      513 E Pedregosa St, Santa Barbara, CA 93103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Warehouse in Santa Barbara

      100% leased warehouse and industrial property in Santa Barbara.
      425 N Milpas St, Santa Barbara, CA 93103
      View Details
    • Contact for pricing

      Leased Retail Property in Santa Barbara

      Fully leased retail property in Santa Barbara, California.
      502-504 N Milpas St, Santa Barbara, CA 93103
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property in Santa Barbara, currently 100% leased.
      209 S Milpas St, Santa Barbara, CA 93103
      View Details
    • $1.05 SF/Yr
      11,683 SF

      Warehouse with Office For Rent

      Multi-tenant warehouse with office space available for rent.
      1 N Calle Cesar Chavez, Santa Barbara, CA 93103
      View Details
    • $2 SF/Yr
      1,550 SF

      Santa Barbara Office Space For Rent

      1,550 SF office space in Santa Barbara's Lagoon District.
      735 E Haley St, Santa Barbara, CA 93103
      View Details
    • $23 SF/Yr
      4,560 SF

      Santa Barbara Office Suite for Lease

      Prime Office Space, Mountain Views, Beach Proximity
      201 Calle Cesar Chavez, Santa Barbara, CA 93103
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      2.2k
    • Avg Time on site
      37 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 Milpas St
    Santa Barbara, CA 93103-3670
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.