718-724 De La Vina St Immeuble residentiel 4 lots 2 545 910 € (636 478 €/Lot) Taux de capitalisation 3,02 % Santa Barbara, CA 93101

In the heart of downtown Santa Barbara is this rare newer-construction mixed-use property, offering flexibility of use for any combination of residential owner-occupant(s) / family compound / commercial owner-user / investment. The 3 residential units were built brand-new in 2015 and are located privately and quietly at the back of the property. The 4th unit is a commercial space in front, which was completely renovated also in 2015.
The residential unit mix is 2 spacious 1-bedroom units, including one with 2 full baths, plus a large studio, carefully arranged in a modern layout to provide privacy from each other. Each residential unit comes with an individual 1-car garage, and all the residential units have access to large decks or patio spaces. The commercial unit has 3 office rooms (one with a kitchenette), a full bathroom and an interior access storage area. The property is in the C-G zone which may provide options to use the commercial unit in other ways, such as conversion to a residential unit, or possible eligibility for use as a short-term residential rental. Accessory Dwelling Unit (ADU) laws may apply to allow for an additional unit to be constructed. Buyer to investigate zoning and land-use rules to their own satisfaction, Seller and listing agent representations are not guaranteed.
The A+ location is within 1 block of Paseo Nuevo, within 2-5 blocks of dozens of downtown restaurants, theaters, retail, etc., and within 5-10 blocks to the Funk Zone, waterfront and beaches. Don’t miss this opportunity to live/ work/invest in the heart of downtown Santa Barbara in newer modern construction.