1514 Anacapa St | Santa Barbara, CA 93101
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- LoopNet Team
1514 Anacapa St
Santa Barbara, CA 93101
Approved 4-Unit Residential Conversion · Office Property For Sale
Investment Highlights
- Price Reduction.
- Fully approved conversion to residential in fantastic downtown location.
- Units will offer private patios, single level floorplans, excellent windows creating an opportunity to own a core asset.
- Core asset with a projected stabilized value after conversion of $3.65 million+.
- Formerly used as an office and has been approved to convert to four residential units.
- Projected gross income of $200,000 annually will provide a good return in a high quality asset.
Property Facts
Property Type
Office
Property Subtype
Building Size
3,424 SF
Building Class
B
Year Built
1954
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,424 SF
Building FAR
0.49
Lot Size
0.16 AC
Zoning
O-R - Office Building
Parking
5 Spaces (1.46 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Skylights
- Kitchen
- Central Heating
- Fully Carpeted
- Natural Light
- Air Conditioning
Property Taxes
| Parcel Number | 027-241-016 | Improvements Assessment | $1,050,000 |
| Land Assessment | $900,000 | Total Assessment | $1,950,000 |
Property Taxes
Parcel Number
027-241-016
Land Assessment
$900,000
Improvements Assessment
$1,050,000
Total Assessment
$1,950,000
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