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2700 De La Vina St 7,513 SF 100% Leased Retail Building Santa Barbara, CA 93105 $6,130,005 CAD ($815.92 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Mixed-Use Opportunity in the Heart of Santa Barbara
- Rare Dedicated Parking
- Excellent Regional Accessibility with Convenient Access to US-101 (136,000 ADT)
- Diverse Tenant Mix of Food, Service, and Office Users
- Significant Future Upside with Potential for Residential Conversion in a Severely Underserved Housing Market
- 3 Miles from SBCC & 9 Miles from UCSB Serving 38,000+ Students
EXECUTIVE SUMMARY
Rare opportunity to acquire a fully leased mixed-use asset in the heart of Santa Barbara, featuring a diverse blend of food, service, and office tenants. Positioned on high-visibility De La Vina Street, just 1.5 miles from Downtown and near major retailers including Trader Joe’s, Grocery Outlet, Starbucks, and CVS, the property benefits from excellent access to US-101 (136,000 ADT) and a walkable, amenity-rich setting. The site offers rare dedicated parking (23 spaces) and proximity to key demand drivers such as Santa Barbara Cottage Hospital (519 beds), SBCC, UCSB, and major employment centers.
The City’s newly adopted Adaptive Reuse Ordinance (Oct 2025) enables conversion of the upper-level office space to residential use, providing significant long-term upside in a severely undersupplied housing market. Surrounded by affluent, educated demographics—average household income of $156,605 and 54.9 percent bachelor’s degree attainment—the property occupies an irreplaceable infill location in one of California’s most desirable coastal markets.
The City’s newly adopted Adaptive Reuse Ordinance (Oct 2025) enables conversion of the upper-level office space to residential use, providing significant long-term upside in a severely undersupplied housing market. Surrounded by affluent, educated demographics—average household income of $156,605 and 54.9 percent bachelor’s degree attainment—the property occupies an irreplaceable infill location in one of California’s most desirable coastal markets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,513 SF
Building Class
B
Year Built
1951
Price
$6,130,005 CAD
Price Per SF
$815.92 CAD
Cap Rate
5%
NOI
$306,522 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.41 AC
Zoning
G-C
Parking
23 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 051-220-011 | Improvements Assessment | $786,994 CAD |
| Land Assessment | $1,495,293 CAD | Total Assessment | $2,282,287 CAD |
PROPERTY TAXES
Parcel Number
051-220-011
Land Assessment
$1,495,293 CAD
Improvements Assessment
$786,994 CAD
Total Assessment
$2,282,287 CAD
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2700 De La Vina St
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