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Property profile & analytics
OFF-MARKET Estimated value $795,000
Investment properties

931 State St Santa Barbara, CA 93101-2701

0.32 ac lot
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1765375
Property summary
AI-generated overview

This exceptional 1,402 square foot retail space is ideally situated at 931 State Street in the heart of downtown Santa Barbara, California (zip code 93101). Boasting a coveted corner location at State and Carrillo Streets, this property offers unparalleled visibility and foot traffic. The space is part of the historic Carrillo Building, known for its attractive glass storefronts and high ceilings. The building benefits from a strong mix of existing tenants, including well-established businesses such as Brandy Melville, Courtney Burke, Mister Softee's Ice Cream, New Edition Barber Shop, and Restaurant Roy. This prime location places the property in close proximity to high-traffic areas and prestigious neighbors like the Apple Store and Amazon's new downtown office. The property is zoned C-2 and is currently available for lease. While the total building square footage is not currently available, this specific retail space presents a unique opportunity for businesses seeking a vibrant and high-visibility location in one of Santa Barbara's most desirable commercial districts. The building also features second-floor office spaces with central air conditioning, though this listing focuses solely on the available retail space. This is a multi-tenant building.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 0.32 ac (13,939 SF)
APN 039-321-006
UPID US09-1765375
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$795k
Owner & transaction history
Levon Investments LLC · 15 yrs held
Levon Investments LLC
since 2010
6 recorded transactions
2017
Price N/A
2010
$10.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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