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Property profile & analytics
OFF-MARKET Estimated value $2,865,000
Turn key restaurants

478 4th Pl Solvang, CA 93463-2716

1,712 SF 0.18 ac lot Built 1952
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2702263
Property summary
AI-generated overview

This exceptional commercial property, located at 478 4th Place in the heart of Solvang, California, presents a unique investment opportunity. Boasting a generous 4,000 square feet of space, this property sits on a sizable 0.18-acre lot, offering ample room for expansion or outdoor utilization. The building's versatile design makes it suitable for a wide range of commercial uses, allowing for creative adaptation to meet specific business needs. Its prime location in the picturesque town of Solvang ensures high visibility and accessibility, benefiting from the area's thriving tourism and local commerce. The asking price of $2,995,000 reflects the property's significant potential and strategic positioning within a desirable market. Detailed property records and specifications are available upon request. This is an exceptional chance to acquire a substantial commercial property in a highly sought-after location, offering both immediate income potential and long-term growth prospects. The property's size and location make it an ideal investment for entrepreneurs and businesses seeking a prominent presence in Solvang. Serious inquiries are encouraged to explore this remarkable opportunity further. Don't miss out on this chance to own a piece of Solvang's vibrant commercial landscape.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1952
Total area 1,712 SF
Lot 0.18 ac (7,840 SF)
APN 139-173-014
UPID US09-2702263
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
  • Juniper on Fourth Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.87M
Owner & transaction history
Crasolvang Re LLC · 4 yrs held
Crasolvang Re LLC
since 2022
Last sale
$2.4M
7 recorded transactions
2022
Price N/A
2022
$2.4M
2017
Price N/A
2015
$806,000
2014
Price N/A
1999
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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