428 State Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
This Mixed-Use Live/Work Asset is listed at $1,895,000—positioned below the $1,911,985 Fair Market Value by 1%. This valuation provides $16,985 in Instant Equity for the incoming owner. The property holds a Condition Rating of 3, featuring a remodeled 1,500 SF commercial space and a residential unit with retractable windows showcasing mountain views. Located on State Street near the Funk Zone and beach, it offers high rental demand and unique lifestyle utility. This is an ideal acquisition for Owner-Users or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 428 State Street Subject | $1,895,000* List Price | 0 | 0 | 2,485 | $804 | - |
A 1111-1113 Olive Street Sold | $1,805,000 | 0 | 0 | 0 | 0.8 mi | |
B 1204 San Andres Street Active | $2,190,000 List Price | 0 | 0 | 2,429 | $902 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1925, the property features a wonderfully remodeled commercial space and an updated residential unit. The kitchen includes stainless steel appliances, modern backsplash, and updated flooring. The overall condition is well-maintained and move-in ready, reflecting a renovation likely within the 5-15 year range.
Situated on State Street near the Funk Zone and the beach, this property offers unparalleled access to Santa Barbara's premier dining, shopping, and coastal amenities.
The mixed-use configuration features a remodeled 1,500 SF commercial ground floor and a residential second story, providing excellent flexibility for owner-users or investors.
The residential unit boasts large retractable windows that showcase stunning mountain views while flooding the space with natural light and fresh coastal air.
With only one dedicated parking space for both the residential and commercial units, parking may be a challenge for occupants and clients in this high-traffic downtown area.
Originally constructed in 1925, the property may require more frequent maintenance or updates to its aging infrastructure compared to modern developments.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,485 | - |
| Lot Size | - | - |
| Price | $1.90M | $2.13M |
| Price per sq ft | $763 | $813 |
| Built year | 1925 | 0 |
| HOA | $0 | $0 |
| Days on market | 93 | 47 |
Apr 21, 2026
$1,895,000
Initial Listing
Sep 19, 2017
$1,300,000
Public Record