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120 N LA CUMBRE ROAD, SANTA BARBARA, CA 93110

  • $16,000,000 
  • 0Beds
  • 0Baths
  • Sqft
  • Style
  • Lot/Land
  • Listed Date 07/01/2017
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  • Open House
  • NEWLY PRICED
  • Luxury
  • Pending
  • New Listing 07/01/2017
  • Coming Soon
  • Sold
  • Rental
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Interested in this property

DAUM Commercial Real Estate Services is pleased to present a rare opportunity to a acquire a leased-fee interest on approximately one acre of well-located, R-3 land with a ground lease, in beautiful Santa Barbara. A multi-family building is constructed on the parcel. The ground-lease term is 60 years dating back to 1961 and expires in 2021. At lease expiration the apartment building reverts to the land owner--a copy of the lease will be provided to Buyer to verify the reversion language its satisfaction. Seller is selling the land and the lease. Please respect the privacy of the apartment building dwellers and lessee. The apartment complex is 48 units comprised of a mix of forty (40) one-bedroom and eight (8) two-bedroom units (buyer to verify the unit mix during due diligence as there is a small discrepancy in the mix, but total 48 units.) The property is located less than a block from State Street, the main hub in Santa Barbara, with its boutiques and restaurants and is minutes away from beaches.

Listing courtesy of: RICK JOHN, DAUM COMMERCIAL RE SERVICES
  • Property type: Lot/Land
  • Status: Active
  • List Price: $16,000,000
  • MLS# IV17152235
  • Beds: 0
  • Baths: 0
  • Listed: 07/01/2017
  • Sqft:
  • Lot Size Acres: 1.00
  • Attached Garage YN: No
  • Auto Sold YN: No
  • Community Features: Sidewalks
  • Cooling YN: No
  • County Or Parish: Santa Barbara
  • Elevation Units: Feet
  • Heating YN: No
  • Fireplace YN: No
  • Foreclosure YN: No
  • New Construction YN: No
  • Pool YN: No
  • REO or Bank Owned YN: No
  • WaterWellYN: No
  • Zoning: R-3/S-D-2

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Nearby Schools

open alternative school (k-8)
4025 foothill rd
santa barbara, CA 93110
place0.77 miles from listing, web Website 14 students per teacher Educational climate index: average
11 staff members 155 total students Poverty level:6 - 15.9 percent percent Enrollment change: -10% to -15%
la colina junior high school (7-8)
4025 foothill rd
santa barbara, CA 93110
place0.77 miles from listing, web Website 15 students per teacher Educational climate index: average
45 staff members 700 total students Poverty level:6 - 15.9 percent percent Enrollment change: -20% to -50%
monte vista elementary school (k-6)
730 n hope ave
santa barbara, CA 93110
place0.65 miles from listing, web Website 17 students per teacher Educational climate index: average
20 staff members 353 total students Poverty level:6 - 15.9 percent percent Enrollment change: +5% to +10%
hope elementary school (k-6)
3970 la colina rd
santa barbara, CA 93110
place0.28 miles from listing, web Website 20 students per teacher Educational climate index: average
16 staff members 320 total students Poverty level:6 - 15.9 percent percent Enrollment change: +5% to +10%
el camino elementary school (preschool-6)
5020 san simeon dr
santa barbara, CA 93111
place2.63 miles from listing, web Website 12 students per teacher Educational climate index: above average
25 staff members 300 total students Poverty level:6 - 15.9 percent percent Enrollment change: -1% to -5%
la cumbre junior high school (7-8)
2255 modoc rd
santa barbara, CA 93101
place1.74 miles from listing, web Website 19 students per teacher Educational climate index: average
27 staff members 535 total students Poverty level:6 - 15.9 percent percent Enrollment change: +10% to +15%
san roque school (k-12)
3214 calle cedro
santa barbara, CA 93105
place1.06 miles from listing, web Website Not Reported students per teacher Educational climate index: above average
29 staff members 132 total students Poverty level:6 - 15.9 percent percent Enrollment change:
santa barbara christian school (k-8)
3723 modoc rd
santa barbara, CA 93105
place0.82 miles from listing, web Website 8 students per teacher Educational climate index: above average
13 staff members 86 total students Poverty level:6 - 15.9 percent percent Enrollment change:
bishop garcia diego high school (9-12)
4000 la colina rd
santa barbara, CA 93110
place0.36 miles from listing, web Website 14 students per teacher Educational climate index: average
26 staff members 268 total students Poverty level:6 - 15.9 percent percent Enrollment change: No Change
notre dame school (preschool-8)
33 e micheltorena st
santa barbara, CA 93101
place2.65 miles from listing, web Website 15 students per teacher Educational climate index: average
10 staff members 180 total students Poverty level:6 - 15.9 percent percent Enrollment change:
marymount of santa barbara (preschool-8)
2130 mission ridge rd
santa barbara, CA 93103
place2.33 miles from listing, web Website 9 students per teacher Educational climate index: average
45 staff members 215 total students Poverty level:6 - 15.9 percent percent Enrollment change: No Change
el montecito school (preschool-6)
3225 calle pinon
santa barbara, CA 93105
place1.07 miles from listing, web Website 7 students per teacher Educational climate index: above average
15 staff members 125 total students Poverty level:6 - 15.9 percent percent Enrollment change:
san marcos bridge school (9-9)
4750 hollister ave
santa barbara, CA 93110
place2.03 miles from listing, web Website 15 students per teacher Educational climate index: average
2 staff members 30 total students Poverty level:6 - 15.9 percent percent Enrollment change: +20% to +50%
special education (k-12)
4400 cathedral oaks rd
santa barbara, CA 93110
place1.19 miles from listing, web Website 5 students per teacher Educational climate index: unclassified
52 staff members 267 total students Poverty level:6 - 15.9 percent percent Enrollment change: -1% to -5%
santa barbara county special education school (8-12)
4400 cathedral oaks rd
santa barbara, CA 93110
place1.19 miles from listing, web Website 10 students per teacher Educational climate index: unclassified
13 staff members 132 total students Poverty level:6 - 15.9 percent percent Enrollment change: -15% to -20%
santa barbara county rop-south school (9-12)
4400 cathedral oaks rd
santa barbara, CA 93110
place1.19 miles from listing, web Website Not Reported students per teacher Educational climate index: unclassified
0 staff members total students Poverty level:6 - 15.9 percent percent Enrollment change: No Change
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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