16 W Mission Street, SANTA BARBARA, CA 93101 (MLS# 18-3360)

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16 W Mission Street, SANTA BARBARA, CA 93101

$4,000,000

Property Type: Commercial Sale Square Footage: 13,094 Lot Size (sq. ft.): 28,125 Status: Closed

Current Price: $4,000,000 List Date: 10/09/2018 Last Modified: 9/17/2024

Overview

Description

Charming Santa Barbara multi-tenant office/residential property in a courtyard setting with onsite parking. First time on the market and offered at only $323 per square foot. This ±13,094 square foot building has an excellent history of stable tenancy and has been generally well maintained. Opportunity for an investor or owner/occupant to create value by enhancing the units/property and stabilizing the property rents. The property is in the medium density overlay for residential and the rear parking area may have additional development. Additionally, due to the strength of apartment rents buyers may want to contemplate residential uses as it was originally an apartment building. Additional property details are enclosed. Do not disturb tenants. Contact listing agent for access.

Listing Details MLS# 18-3360

Location Info

District: 20 - SB/WEST OF STATE
Street #: 16
Dir: W
Street Name: Mission
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N11
County: Santa Barbara
Parcel Number: 025-311-014
Cross Street: State Street

Contract Info

Price: 4230000
Buyers Agent $/%: 2
Begin Date: 2018-09-13

Property Information

TYP: Business
For Sale/Lease: For Sale
#Offices: 19
Total SqFt.: 13094
Apx Lot SqFt: 28125

Owner Info

Deposit: 126900

Remarks

Hot Sheet Comment: new

Status Change Info

Sold Date: 2019-03-08
Under Contract Date: 2018-10-24

More Information

Business Info

# Pk/1000: 2.67

Condition

Average: Yes

Use

Office: Yes
Residential: Yes
Mixed Use: Yes

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

EA: Yes

Parking

Uncovrd: Yes

Property Features

Use: Office; Residential; Mixed Use Zoning: Other Condition: Average Parking: Uncovrd Terms: Cash; Conventional Listing Type: EA

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 17 - 2024

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