706-708 E Haley St | Santa Barbara, CA 93103
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706-708 E Haley St
Santa Barbara, CA 93103
Haley Street Apartments · Residential Property For Sale · 8 Units
Investment Highlights
- Extensively rebuilt/ remodeled, three-building, mixed property
Executive Summary
Located at the corner of Haley and Quarantina streets in the Laguna District, 706 E Haley Street is an extensively rebuilt/ remodeled, three-building, mixed property consisting of three separate commercial suites, five apartments and three car garage. The structures were rebuilt from studs in 2016, plus a freestanding commercial building was completed in 2023, creating a top-quality property in like-new condition.
All five residential units offer upscale living in a close-to-downtown location within walking distance to restaurants, breweries, wineries, parks, the beach and Santa Barbara’s famous Funk Zone. Each unit has designer lighting, stainless steel appliances, washer/dryer and decorative laminate flooring throughout and share a community patio area featuring seating and a BBQ pit.
The commercial suites provide a modern sophistication not common for Santa Barbara’s commercial market with an exposed truss ceiling, metal HVAC ducting, LED lighting and loading capabilities for warehouse and storage needs.
This premier property can be delivered 100% occupied with the Seller leasing back their 1,474 SF office at $3.50 PSF MGR for three years with a three year option to extend; or, the Seller can deliver their office and all the garages vacant at the close of escrow.
Price: $3,595,000
Cap Rate: 4.88%
Size:
706 E Haley 3,721 SF (comm + 5 apt)
708 E Haley 588 SF (comm)
Total: 4,309 SF
Garages & Storage: 3 x 191 SF garages, and 211 SF of storage and restroom for commercial
Parcel Size: Approx. 10,454 SF
APN: 031-301-023
Year Remodeled/Built: 2016 (706 E Haley St) and 2023 (708 E Haley St)
Roof: New in 2016 and 2023
HVAC: Commercial suites only
Solar: Yes, owned by seller
Parking: Five uncovered (1 ADA) and 3 garages
To Show: Call Listing Agent
All five residential units offer upscale living in a close-to-downtown location within walking distance to restaurants, breweries, wineries, parks, the beach and Santa Barbara’s famous Funk Zone. Each unit has designer lighting, stainless steel appliances, washer/dryer and decorative laminate flooring throughout and share a community patio area featuring seating and a BBQ pit.
The commercial suites provide a modern sophistication not common for Santa Barbara’s commercial market with an exposed truss ceiling, metal HVAC ducting, LED lighting and loading capabilities for warehouse and storage needs.
This premier property can be delivered 100% occupied with the Seller leasing back their 1,474 SF office at $3.50 PSF MGR for three years with a three year option to extend; or, the Seller can deliver their office and all the garages vacant at the close of escrow.
Price: $3,595,000
Cap Rate: 4.88%
Size:
706 E Haley 3,721 SF (comm + 5 apt)
708 E Haley 588 SF (comm)
Total: 4,309 SF
Garages & Storage: 3 x 191 SF garages, and 211 SF of storage and restroom for commercial
Parcel Size: Approx. 10,454 SF
APN: 031-301-023
Year Remodeled/Built: 2016 (706 E Haley St) and 2023 (708 E Haley St)
Roof: New in 2016 and 2023
HVAC: Commercial suites only
Solar: Yes, owned by seller
Parking: Five uncovered (1 ADA) and 3 garages
To Show: Call Listing Agent
PROPERTY FACTS
| Price Per Unit | £360,174 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Net Initial Yield | 4.88% | Building Size | 4,309 SF |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1930/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Price Per Unit | £360,174 |
| Sale Type | Investment |
| Net Initial Yield | 4.88% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,309 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1930/2016 |
| Parking Ratio | 1.86/1,000 SF |
Unit Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 031-301-023 | Improvements Assessment | £684,229 |
| Land Assessment | £624,135 | Total Assessment | £1,308,364 |
PROPERTY TAXES
Parcel Number
031-301-023
Land Assessment
£624,135
Improvements Assessment
£684,229
Total Assessment
£1,308,364
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