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Property profile & analytics

331 Milpas St Santa Barbara, CA 93103-3294

  • Investment properties
  • 7,512 SF
  • 0.28 lot acres
OFF-MARKET
Value Estimation
$4,150,000
Last Sale
Feb 28, 2022
$3,300,000
Location Intelligence
Property ID
US10-3018737
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

  • August Roofing & Solar / Roofing Contractor / Solar Energy Equipment Supplier
  • Lucid Psychedelic Therapeutics & Ketamine Therapy / Wellness Center
  • Santa Barbara Ketamine Therapy / Lucid Therapeutics / Wellness Center
  • Zak Dental - Santa Barbara / Dentist / Cosmetic Dentist

Property Details for 331 Milpas St

Year built
1962
Lot size
0.28 lot acres
Property size
7,512 SF
Property type
Investment properties
Property subtype
Retail residential properties
APN
031-363-029
APU
31363029

Description

This exceptional newly renovated office space, located on the second floor of a free-standing building in the heart of the Milpas Corridor, offers two available suites ranging from 606 to 1,817 contiguous square feet. Ideally situated across from CVS and a block from Trader Joe's, this location provides excellent visibility and accessibility. The suites are perfect for traditional office use or second-floor retail tenants such as yoga studios, pilates studios, or dance studios. Each suite boasts an abundance of natural light with stunning Riviera views. Recent renovations include all new finishes and fixtures, enhancing the modern and professional atmosphere. Tenants will enjoy a shared common kitchenette/lounge area, providing a convenient space for collaboration and relaxation. Ample on-site parking is available, with an approximate ratio of 2 spaces per 1,000 square feet. The building features two shared restrooms on the second floor. The property is zoned GC and includes HVAC. Lease terms range from 2 to 5 years, with a special introductory rate of $0.99 per square foot NNN (.60) for the first six months of leases three years or longer, increasing to $1.75 per square foot NNN (.60) thereafter. A 3% commission is offered to cooperating brokers. Contact us today to schedule a viewing.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Santa Barbara
County
Santa Barbara
State
California
Longitude
-119.684
Latitude
34.4249
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
$32,635
$1,700,000
$1,380,000
$3,080,000
-
$0.00
$0.00
$0.00
More about this property
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