Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    330 Figueroa St Santa Barbara, CA 93101-1452
    Back to Search
    Property profile & analytics

    330 Figueroa St Santa Barbara, CA 93101-1452

    View on Map
    • Apartment buildings
    • 0.12 lot acres
    Off-Market
    Last Sale Jun 3, 2024
    Property ID
    US09-1643079
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LC Painting / Painting Service / General Contractor

    Property Details for 330 Figueroa St

    Lot size
    0.12 lot acres
    Property type
    Apartment buildings
    APN
    029-221-007
    APU
    29221007

    Description

    This exceptional multifamily investment property, located in the heart of Santa Barbara at 330 E Figueroa St (93101), presents a compelling value-add opportunity. Situated just three blocks from State Street and close to downtown amenities, this 1920s Craftsman-style building offers 2,750 square feet of living space, per 1992 renovation plans. The property comprises five units: one 2-bedroom/1-bathroom, one 1-bedroom/1-bathroom, and three studios. Five uncovered parking spaces and a shared laundry facility cater to tenants' needs. The asking price is $1,600,000, translating to $320,000 per unit. The property sits on a 5,227 square foot lot and is zoned R-M (Residential Multi-Unit), with APN 029-221-007. While the current cap rate is 4.58% and the GRM is 13.39, a market analysis (excluding renovation costs) projects a 7.14% cap rate and a 9.78 GRM. The property requires significant work, including structural repairs, a new roof, site work, and extensive interior and exterior updates. This presents a unique chance for a contractor, developer, or investor to enhance the property's value by addressing these needs and improving the units' condition. Detailed reports and materials are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Barbara
    County
    Santa Barbara
    State
    California
    Longitude
    -119.699
    Latitude
    34.4263
    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
    $15,358
    $757,804
    $689,072
    $1,446,876
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      307 Pedregosa St

      APARTMENT HOUSE (5+ UNITS) • 0.19 Acres
      307 Pedregosa St, Santa Barbara, CA 93101-2844
      View Details
    • Value Estimation
      $540,000
      0.47 Acres

      1313 Olive St

      APARTMENT HOUSE (5+ UNITS) • 0.47 Acres
      1313 Olive St, Santa Barbara, CA 93101-1292
      View Details
    • Value Estimation by Request
      0.66 Acres

      825 Olive St

      APARTMENT HOUSE (5+ UNITS) • 0.66 Acres
      825 Olive St, Santa Barbara, CA 93101-1542
      View Details
    • Value Estimation by Request
      0.18 Acres

      229 Islay St

      APARTMENT HOUSE (5+ UNITS) • 0.18 Acres
      229 Islay St, Santa Barbara, CA 93101-2837
      View Details
    • Value Estimation by Request
      0.25 Acres

      213 Ladera St

      APARTMENT HOUSE (5+ UNITS) • 0.25 Acres
      213 Ladera St, Santa Barbara, CA 93101-4528
      View Details
    • Value Estimation by Request
      0.30 Acres

      1321 Gdn St

      APARTMENT HOUSE (5+ UNITS) • 0.30 Acres
      1321 Gdn St, Santa Barbara, CA 93101-1248
      View Details

    Similar Nearby for Sale

    • $6,500,000
      Pending

      Santa Barbara Multifamily Investment Opportunity

      Sixteen-unit multifamily property with upgraded interiors and plumbing improvements.
      3445 Richland Dr, Santa Barbara, CA 93101
      View Details
    • $2,900,000
      5,486 SF

      Santa Barbara Six-Unit Apartment Building

      Well-maintained six-unit apartment building in central Santa Barbara location.
      601 Eucalyptus Ave, Santa Barbara, CA 93101
      View Details
    • $2,650,000

      Remodeled Duplex in Santa Barbara

      Turnkey duplex near landmarks, remodeled with modern amenities.
      518 E Islay St, Santa Barbara, CA 93101
      View Details
    • New
      $2,875,000
      1,567 SF

      Santa Barbara Triplex with Garages

      Triplex in Santa Barbara with craftsman home and rental income.
      1917 Bath St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      3,085 SF

      Santa Barbara Spanish Colonial Revival Property

      Iconic property with redevelopment potential in a prime Santa Barbara location.
      1500 Anacapa St, Santa Barbara, CA 93101
      View Details
    • $3,950,000
      0.17 Acres

      Santa Barbara Multifamily Near SBCC

      Sixteen-bedroom multifamily property one block from Santa Barbara City College.
      415 Rancheria St, Santa Barbara, CA 93101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Barbara Office Space Available

      Office space available for rent in Santa Barbara, CA.
      1300 Santa Barbara St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Downtown Santa Barbara Office Space

      Customizable office space in downtown Santa Barbara, amenity-rich area.
      1014 Santa Barbara St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Furnished and Equipped Private Offices

      Private, fully furnished, and equipped offices tailored to your needs.
      7 W Figueroa St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Historic Office Building in Santa Barbara

      Classic Spanish-style office building in the Presidio District.
      31 E Canon Perdido St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing

      Retail Property in Santa Barbara

      Retail property located on De La Vina Street, Santa Barbara.
      1930 De La Vina St, Santa Barbara, CA 93101
      View Details
    • Contact for pricing
      784 SF

      Second Floor Office Suite

      Second floor office suite available for rent in Santa Barbara.
      1900 State St, Santa Barbara, CA 93101
      View Details
    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.
    330 Figueroa St
    Santa Barbara, CA 93101-1452
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    330 Figueroa St, Santa Barbara, CA, 93101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!