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Property profile & analytics
OFF-MARKET
Motels
401 Haley St, Santa Barbara, CA 93101-1714
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-0265431
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
0.34 ac (14,810 SF)
APN
031-212-018
UPID
US09-0265431
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
-
Lighthouse Coffee Cafe & Coffee Shop
-
Ann Purdy Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Laguna Haley Studio II LLC · 10 yrs held
The Laguna Haley Studio II LLC
since 2015
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$27,541
Tax year 2024
Assessed value
$2,598,795
Assessed 2024
Previous assessed
$2,598,795
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,147,080
Assessed improvement
$451,715
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
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Lot
0.34 ac (14,810 SF)
APN
031-212-018
UPID
US09-0265431
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
0.34 ac
Current owner
From public records · entity-resolved
The Laguna Haley Studio II LLC
Entity
Mailing address
PO BOX 41459, SANTA BARBARA, CA 93140-1459
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
The Laguna Haley Studio II LLC
—
Deed
related
$1,000,000 · Montecito Bank & Trust
Sep 23, 2016
—
Laguna Haley Studio II LLC
—
Deed
related
$7,870,000 · Montecito Bk&tr
Nov 24, 2015
$2,200,000
The Laguna Haley Studio II LLC
Campbell Horton Kielle
Grant Deed
$1,650,000 · Heritage Oaks Bank
Sep 14, 2011
—
Horton Kielle C Living Trust
Horton,kielle
Quit Claim Deed
related
—
Apr 21, 2011
$1,135,000
Kielle Horton
Calle Laguna Partners LLC
Grant Deed
—
Apr 21, 2011
—
Kielle Horton
Horton,john
Quit Claim Deed
related
—
Jan 23, 2003
—
Calle Laguna Partners LLC
Drewisch,robert J
Grant Deed
related
—
Sep 9, 1997
—
Robert J Drewisch
Drewisch,robert J
Quit Claim Deed
related
$350,000 · Beneficial Mortgage Co
Feb 2, 1996
$375,000
Robert J Drewisch
Mortgage Funding
Grant Deed
$262,500 · Mortgage Funding Services
Jan 19, 1994
$361,416
Mortgage,funding
Saito,akira
Trustees Deed
related
—
Nov 8, 1991
$535,066
M M N Y INC
Saito,akira
Trustees Deed
related
—
—
—
Laguna Haley Studio II LLC
—
Deed Of Trust
related
$7,870,000 · Montecito Bk&tr
—
—
Mortgage Funding
—
Deed Of Trust
related
$3,508,000 · Santa Barbara Bank & Trust
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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