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Property profile & analytics
FOR SALE
Specialty properties
601 East Montecito St Santa Barbara, CA 93103
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2103428
For Sale
1 / 17
$2,795,000
601 East Montecito St, Santa Barbara, CA 93103
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Lot
0.6 ac (26,136 SF)
APN
031-352-014
UPID
US09-2103428
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
-
Black Panther World Martial Arts Academy Training Center Sports School
-
La Casa de la Raza Social Service Agency Charitable Organization
-
Resilience Glass General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.80M
Owner & transaction history
La Casa Founders Holding Company In · 4 yrs held
La Casa Founders Holding Company In
since 2021
Last sale
$3.0M
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
Method
Estimation
Statistic approach
$2,690,000
ML approach
$2,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $2.95M (Oct 26 2021)
Last sale anchor
$2.95M
Oct 26 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$46,880
Tax year 2024
Assessed value
$4,425,892
Assessed 2024
Previous assessed
$4,425,892
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$1,304,692
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
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
For Sale
Heating
NONE
Lot
0.6 ac (26,136 SF)
APN
031-352-014
UPID
US09-2103428
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
0.6 ac
Current owner
From public records · entity-resolved
La Casa Founders Holding Company In
Entity
Mailing address
232 E ANAPAMU ST, SANTA BARBARA, CA 93101-2054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
La Casa Founders Holding Company In
Mlg Leasing INC
Quit Claim Deed
related
—
Mar 13, 2020
$2,953,890
Mlg Leasing INC
Cna Foreclosure Svcs INC|la Casa De La Raza INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 20, 2017
—
La Casa De La Raza INC
Nat Montecito LLC
Quit Claim Deed
related
—
—
—
La Casa De La Raza INC
—
Deed Of Trust
related
$68,600 · Us Small Business Admn
—
—
La Casa De La Raza INC
—
Deed Of Trust
related
$440,000 · Budget Ind'l Uniform Supply In
—
—
La Casa De La Raza INC
—
Deed Of Trust
related
$165,600 · Santa Barbara Bank & Trust
—
—
De La Ra La Casa
—
Deed Of Trust
related
$31,000 · Demaree John
—
—
La Casa De La Raza INC
—
Deed Of Trust
related
$31,589 · Arnold Turst
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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