Property profile

820 E Montecito St Santa Barbara, CA 93103

FOR LEASE
Office buildings
Property ID
US10-3224597
888 SF 0.13 ac lot Built 1920
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,200 square foot office space, located at 820 E Montecito St, Santa Barbara, CA 93103, presents a versatile opportunity for a variety of businesses. Situated on the second floor and easily accessible via elevator, this single-tenant space boasts a wide-open floor plan ideal for customization. The unit includes a private patio, perfect for breaks or informal meetings, along with a convenient bathroom featuring a shower and a kitchenette for added convenience. The property is zoned M-I and features APN 017-042-005. Two dedicated parking spaces are included within a secure, gated parking lot, offering peace of mind and easy access. Adding to its appeal, on-site laundry facilities are available for tenant use. The building is located in the desirable Milpas corridor, known for its amenities and convenient location near N Milpas St. This property is perfect for creative professionals, small businesses, or anyone seeking a well-appointed and functional workspace in a vibrant Santa Barbara neighborhood. The property is a traditional office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1920
Total area 888 SF
Lot 0.13 ac (5,662 SF)
APN 017-042-005
UPID US10-3224597

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

820 E Montecito St Santa Barbara, CA 93103
Santa Barbara metro Census 806 SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.62M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.62M

Owner & transaction history

since 2023
Last sale
$2.1M
7 recorded transactions
2023
$2.1M
2004
$1.5M
2003
Price N/A
2002
Price N/A
2000
Price N/A
2000
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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