428 State Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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428 State Street
SANTA BARBARA, CA 93101
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,485Sq Ft
0Lot Size
Property Price
LIST PRICE$1,895,000
EST. MARKET VALUE
$1,895,000
SUMMARY
This Mixed-Use Asset represents a Strong Value Opportunity, listed at a List Price of $1,895,000, which aligns with its $1,895,000 Fair Market Value. Featuring a Condition Rating of 2, the property offers a turnkey blend of a remodeled 1,500 SF commercial space and a residential unit with fabulous mountain views. While parking is limited to one space, the prime State Street location ensures high-traffic visibility and lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile live/work environment in Santa Barbara.
Estimated Market Value
$1,895,000
Based on Realkey algorithm analyzing recent comparable sales in SANTA BARBARA.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 428 State Street Subject | $1,895,000* List Price | 0 | 0 | 2,485 | $763 | - |
A 1204 San Andres Street Active | $2,290,000 List Price | 0 | 0 | 2,429 | $943 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1925 build date, the property has undergone a comprehensive modern remodel. The interior features contemporary tile flooring, updated recessed lighting, and skylights, while the exterior is in mint condition, indicating a recent renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of Santa Barbara's State Street, the property offers unparalleled access to the Funk Zone, local beaches, and high-traffic urban amenities, ensuring long-term desirability.
- Versatile Live/Work Potential
The mixed-use configuration features a remodeled 1,500 SF commercial ground floor and a residential upper unit, providing flexible income generation or owner-user opportunities.
- Modernized Historic Charm
Built in 1925, the building combines vintage character with high-end modern upgrades like retractable windows for mountain views, skylights, and recessed lighting.
CONSRISKS & DEFICIENCIES
- Limited Parking
With only one dedicated parking space for both the residential and commercial components, parking logistics may be a challenge in the high-density downtown core.
- Extended Days on Market
The property has been active for 107 days, which may suggest pricing resistance or a niche buyer pool for this specific mixed-use asset class.
About 428 State Street
Charming Mixed Use Building in the downtown core of State St. that represents a truly unique live/work opportunity! Beautiful 2nd story residential unit with fabulous mountain views from the large retractable windows allowing for amazing natural light and fresh air! Other features include in suite laundry and one parking space. 1st floor is a wonderfully remodeled 1500 SF +/- commercial space with skylights and recessed lighting. Great live/work possibility while enjoying all the best SB has to offer: State St., Beach and Funk Zone!
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1925
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,485 | 1,614 |
| Lot Size | - | 8,365.125 |
| Price | $1.90M | $1.78M |
| Price per sq ft | $763 | $1.1K |
| Built year | 1925 | 1936 |
| HOA | $0 | $0 |
| Days on market | 141 | 43 |
Pricing History
Listed for Sale
Apr 21, 2026
$1,895,000
Initial Listing
Sold
Sep 19, 2017
$1,300,000
Public Record