Map of Property

707-723 Colina Lane

For Sale

707-723 Colina Lane, Santa Barbara, CA 93103

This Santa Barbara property for sale is located at 707-723 Colina Lane. The current listed sale price for 707-723 Colina Lane is $8,200,000. 707-723 Colina Lane is situated on a lot that is 0.75 acre in size.

Contacts

broker

Steve Golis

Radius Commercial Real Estate

(805) 879-9606

broker

Michael Chenoweth

Radius Commercial Real Estate

(805) 879-9608

broker

Michael Lopus

Radius Commercial Real Estate

(805) 680-8806

Property Details

  • Property Type Multi-Family
  • Property Size 13,800 SF
  • Units 10
  • Lot Size 0.75 Acre
  • Year Built 1971
  • Date Updated Apr 17, 2024

Perched on a lush hilltop on Colina Lane, this prime lower Riviera asset, comprising five (5) townhome duplexes, represents a prime opportunity to purchase an investment property that has not been on the market in 50 years. Each of the 10 units boasts an ocean view and is surrounded by lush gardens, giving the complex a very private feel. The approx. .75-acre, well-kept property is surrounded by multi-million dollar homes, just steps from the Santa Barbara Bowl. Made up of nine (9) 2BD/1.5BA and one (1) 3BD/2.5BA units, the rental base is ideal for both smaller families and professionals. Each unit has covered parking as well as balconies and patios for tenants to enjoy the fresh air and views this location provides. Pro Forma rents with minimal upgrades will garner substantial income for investors.

 

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Getting around

  • 49/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 35/100

    Bike Score ®

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Location

  • City Santa Barbara, CA
  • Neighborhood Lower Riviera
  • Zip Code 93103
  • Market Central Coast

Points of Interest

  • Santa Barbara

    1.40 miles

  • Zoo Train

    2.13 miles

  • Goleta

    8.25 miles

  • eVgo

    0.58 miles

  • ChargePoint

    0.60 miles

  • ChargePoint

    0.88 miles

  • Santa Barbara Gas

    1.11 miles

  • Arco

    1.11 miles

  • Chevron

    1.59 miles

  • ChargePoint

    1.87 miles

  • Fuel Depot

    2.60 miles

  • Chevron

    2.96 miles

  • Conserv Fuel

    2.99 miles

  • The Junior Lot

    0.24 miles

  • The Senior Lot

    0.27 miles

  • Belmond El Encanto Tesla Chargers

    0.52 miles

  • City Lot #6 (Granada Garage)

    0.68 miles

  • City Lot #7 (Library Garage)

    0.71 miles

  • City Lot #8

    0.77 miles

  • City Lot #5

    0.81 miles

  • City Lot #4

    0.84 miles

  • Santa Barbara Historical Society Parking

    0.85 miles

  • City Lot #3

    0.86 miles

  • El Encanto, A Belmond Hotel, Santa Barbara

    0.50 miles

  • Simpson House Inn

    0.60 miles

  • Simpson Houe Inn

    0.61 miles

  • Spanish Garden Inn

    0.64 miles

  • Presidio Motel

    0.74 miles

  • Courtyard by Marriott Santa Barbara Downtown

    0.78 miles

  • Orange Tree Inn

    0.86 miles

  • The Upham Hotel & Country House

    0.90 miles

  • Canary, a Kimpton Hotel

    0.91 miles

  • Hotel Santa Barbara

    1.11 miles

  • Presidio Liquor Market and Deli

    0.53 miles

  • Chapala Market

    0.79 miles

  • Marshalls

    0.85 miles

  • Nordstrom

    0.97 miles

  • Paseo Nuevo Mall

    0.97 miles

  • Tino's Italian Grocery

    1.03 miles

  • Smart&Final

    1.07 miles

  • Trader Joe's

    1.14 miles

  • Foodland Market

    1.42 miles

  • Santa Cruz Market

    1.53 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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