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3850 State St
Santa Barbara, CA 93105
FOUND Hotels, Santa Barbara · Hospitality Property For Sale
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150 Rooms
Investment Highlights
- Location, location, location. Irreplaceable real estate. State Street, Santa Barbara, CA
Property Facts
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 3850 STATE ST , SANTA BARBARA, CA 93105
The property is at a traffic entrance off State Street, a main traffic artery. Motel buildings are constructed on the parcel. The ground lease term is 60 years dated back to 1961 and expires in May 2021. At lease expiration the buildings revert to the land owner - a copy of the lease will be provided to Buyer to confirm the reversion language.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 150 | $205.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $12,184,748 | |
| Land Assessment | $21,228,321 | Total Assessment | $33,413,069 |
Property Taxes
Parcel Numbers
Land Assessment
$21,228,321
Improvements Assessment
$12,184,748
Total Assessment
$33,413,069
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