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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Hotels
800 Alvarado Pl Santa Barbara, CA 93103-2176
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1998874
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
7.06 ac (307,533 SF)
APN
019-170-022
UPID
US09-1998874
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
-
El Encanto Hotel Historic District Tour Operator
-
The Spa at El Encanto Spa & Massage Center
-
Tesla Destination Charger Electric Vehicle Charging Station
-
El Encanto, A Belmond Hotel, Santa Barbara Hotel & Motel
-
The Dining Room at El Encanto Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
El Encanto Sb Owner LLC · 1 yrs held
El Encanto Sb Owner LLC
since 2025
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
by Request
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
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
$906,870
Tax year 2024
Assessed value
$85,664,606
Assessed 2024
Previous assessed
$85,664,606
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$27,341,153
Assessed improvement
$58,323,453
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Lot
7.06 ac (307,533 SF)
APN
019-170-022
UPID
US09-1998874
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
7.06 ac
Current owner
From public records · entity-resolved
El Encanto Sb Owner LLC
Entity
Mailing address
800 ALVARADO PL, SANTA BARBARA, CA 93103-2176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jul 8, 2025
$52,200,000
El Encanto Sb Owner LLC
El Encanto INC
Grant Deed
$71,875,000 · Bank Of America NA
Aug 31, 2011
—
El Encanto INC
—
Grant Deed
related
$45,000,000 · Hsbc Bank USA
Oct 24, 2006
—
El Encanto INC
—
Deed Of Trust
related
$70,000,000 · Overseas Chinese Banking Corp
Nov 3, 2004
$25,125,000
El Encanto INC
Friden Associates
Deed Of Trust
related
$16,000,000 · Overseas Chinese Banking Corp
Jan 18, 1991
—
Friden Assoc
El Encanto Assoc
Trustees Deed
$12,300,000 · Citibank Fsb
—
—
Friden Associates LP
—
Deed Of Trust
related
$1,000,000 · Dale Zeh Psp Trust
—
—
Friden Associates LP
—
Deed Of Trust
related
$9,000,000 · Sanwa Bank California
—
—
Friden Assoc
—
Deed Of Trust
related
$5,045,269 · Seller
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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