2704 de la vina st - hayescommercial.com

222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com

CALL FOR OFFERS

SUBMIT BY 7/28See page 3 for details.

For Sale | Re-development Opportunity in Thriving Neighborhood | 7,614± SF on 30,342 SF land

2704 De La Vina StS A N T A B A R B A R A , C A

The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21

Dan [email protected]. 00885073

Liam Murphy, [email protected]. 01439777

Experience. Integrity. Trust.Since 1993


PROPERTY SUMMARYFive contiguous parcels totaling 30,342 SF are available for sale near the highly-trafficked intersection of De La Vina and Alamar streets, in a thriving and desirable neighborhood. Extremely well-positioned among Trader Joe’s, Los Agaves, Handlebar Coffee, Bree’osh, and near Cottage Hospital, as well as the many amenities of downtown Santa Barbara and Upper State. High development potential for possible residential or mixed-use project. Land Use and other reports available for review.

Addresses: 2704-2714 De La Vina St; 140 & 144 Alamar St

Building Size: 7,614± SF of commercial space, 4 single-family residential units, and 2 out structures

Land Size: 30,342 SF across 5 parcels

Price: Call for offers — submit by 7/28 (see details on following page)

APNs: 051-220-009, -010, -012, -013, -014

Zoning: C-G

Sprinklers: No

Parking: 31 existing spaces, according to city records





Cottage Hospital


PARCEL OVERVIEW

DE LA VINA STREET

ALA

MA

R STREET

2714 De La Vina

APN 051-220-014

4,105 SF building

6,055 SF land

140 Alamar AveAPN 051-220-009

978 SF building + 192 SF shed6,949 SF land

144 Alamar AveAPN 051-220-010

936 SF building6,020 SF land

2710 De La Vina

APN 051-220-013

2,000 SF building

5,995 SF land

2704 De La Vina

APN 051-220-012

2,662 SF building

5,413 SF land

Public utilities

Public street

easement

CALL FOR OFFERS• Suggested offer price is $4.5M or greater

• Offers should be for the entire assem-blage of parcels. Parcels will not be sold individually.

• The deadline for offers is July 28 at 5:00 pm Pacific Time. All offers will be responded to by 5:00 pm on July 30.

• Any “early bird” offers presented prior to July 28 will be held until the 28th.

• All buildings are to be sold in an “as-is, where-is” condition. Their condition can be described as fair to poor.

• The seller will not make any intentional changes to tenancy nor any guarantees of any tenancy.

• No seller financing is available.

• There will be no open house to view the properties prior to submission of offers. The selected buyer will have access to the property during due diligence.

Please note:• All offers shall be provided on the AIR

form standard offer, agreement and escrow instructions.

• In addition to the purchase offer, all sub-mittals should include proof of funds and a list and brief description of develop-ment projects that the buyer has com-pleted within the City of Santa Barbara.






140 ALAMAR AVE

2BD/1BA home with Santa Barbara stone and historic charm.

APN: 051-220-009

Building Size: (1) single family residential unit (free-standing; 2BD/1BA, 978 SF) & 192 SF shed

Land Size: 6,949 SF

Parking: 6 spaces

ALA

MA

R AV

ENU

E

DE LA VINA STREETThe information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21





144 ALAMAR AVE

APN: 051-220-010

Building Size: (1) single family residential unit (free-standing; 3BD/1BA, 936 SF)

Land Size: 6,020 SF

Parking: 6 spaces

ALA

MA

R AV

ENU

E

DE LA VINA STREET

3BD/1BA home with craftsmen-inspired styling.






2704 DE LA VINA ST

APN: 051-220-012

Building Size: Commercial — 2,662 SF (includes 120 SF cooler and 192 SF shed

(1) single family residential unit (upstairs) no size or bed/baths for this residential unit

Land Size: 5,413 SF

Parking: 7 spaces

ALA

MA

R AV

ENU

E

DE LA VINA STREET

Currently home to Mayo’s Taqueria and Carniceria. This 2,662 SF building also contains an attached apartment at the rear of the property.






2710 DE LA VINA ST

APN: 051-220-013

Building Size: 2,000 SF (permits not found for an additional 750 SF at rear)

Land Size: 5,995 SF

Parking: 11 spaces

ALA

MA

R AV

ENU

E

DE LA VINA STREET

This 2,000 SF building is 100% occupied by Edomasa Sushi Bar & Japanese restaurant. The building includes a rear office space and 11 parking spaces.






2714 DE LA VINA ST

APN: 051-220-014

Building Size: Commercial — 2,952 SF 1BD/1BA single family residential unit (free-standing; 1,153 SF)

Land Size: 6,055 SF

Parking: 1 space

ALA

MA

R AV

ENU

E

DE LA VINA STREET

Multi-tenant building shared by Iyengar Yoga Studio and Daniel’s Bakery. There is a detached 1BD/1BA residence and a storage shed.






A new development on this property would be perfectly positioned to attract residents and businesses that value the proximity to Cottage Hospital, Trader Joe’s, and numerous popular destinations like Handlebar Coffee Roasters, The Daily Grind, Bree’Osh, Presto Pasta and Los Agaves.

This location is currently part of the City’s AUD Medium Density zone which allows for 15-27 units per acre. Recent housing projects in the City of Santa Barbara have been able to add bonus density under California state regulations which offer bonus density to projects that meet certain criteria.

A preliminary land use report is available for review; all buyers are encouraged to make their own investigations into allowable unit counts, commercial square footage, or hotel rooms that may be permissible developments at this site.

RE-DEVELOPMENT POTENTIALTWLANDPLANNING&DEVELOPMENT,LLCSANTABARBARAOFFICEVENTURAOFFICE903StateStreet,Suite2021068E.MainStreet,Suite225SantaBarbara,CA93101Ventura,CA93001Ph:(805)698-7153

DUEDILIGENCEMEMORANDUMTO:LiamMurphy,HayesCommercialFROM:TroyA.White,AICPDATE:03/03/2019SUBJECT:DueDiligence–DeLaVinaStreet&W.AlamarAvenue,SantaBarbara,CAAs per your request, please find below the due diligence evaluation of the subject property,focused primarily on redevelopment opportunities thatmay be possible at 2710-2718 De LaVina Street and 140-144 W. Alamar Avenue in Santa Barbara, CA. TW Land Planning &Development, LLC (TWLandP&D)hasreviewedtheCityofSantaBarbara (City)GeneralPlan(GP)andTitle30“New”ZoningOrdinance(NZO).Availablepermitfilesforthesubjectpropertyhave been obtained and reviewed by TW Land P&D. Additional research beyond this duediligence investigationmay be requireddependingupon theneedsof theprospectivebuyer.ConfirmationbyCitystaffofinitialconclusionsidentifiedhereinishighlyrecommended.

GENERALPLANNINGINFORMATION

SITE#1Address:2714/2718/2718½DeLaVinaStreetParcelNumber:051-220-014GP:Commercial/MediumHighResidential(15-27du/acre)Zoning:C-G(CommercialGeneralZone)

USS(UpperStateStreetOverlay)Chapter30(“New”ZoningOrdinance/NZO)appliestothisproperty.PropertyisNOTlocatedintheCoastalZone.ProjectisNOTlocatedintheElPuebloViejoLandmarkDistrict.

SITE#2Address:2710/2712DeLaVinaStreetParcelNumber:051-220-013GP:Commercial/MediumHighResidential(15-27du/acre)Zoning:C-G(CommercialGeneralZone)

USS(UpperStateStreetOverlay)Chapter30(“New”ZoningOrdinance/NZO)appliestothisproperty.PropertyisNOTlocatedintheCoastalZone.ProjectisNOTlocatedintheElPuebloViejoLandmarkDistrict.

DISCLAIMER: The information contained herein is intended to offer information and guidance relevant to the use and development of the above-referenced property. Information and analysis should generally be deemed reliable, but is not guaranteed. DELAVINASTREET&W.ALAMARAVENUE,SANTABARBARA,CADUEDILIGENCEMEMO03/03/2019Page2of30

SITE#3

Address:2704/2706D

eLaVinaStreet

ParcelNumber:051-22

0-012

GP:Commercial/MediumHighResidential(15-2

7du/acre)Zoning:C-G

(CommercialGeneralZone)

USS(UpperStateStre

etOverlay)

Chapter30(“New”Zo

ningOrdinance/NZO)

appliestothispropert

y.

PropertyisNOTlocate

dintheCoastalZone.

ProjectisNOTlocated

intheElPuebloViejo

LandmarkDistrict.

SITE#4

Address:144W.AlamarAvenue

ParcelNumber:051-22

0-010

GP:MediumHighResidential(15-2

7du/acre)

Zoning:R-MH(Residen

tial,Medium-HighDensityZone)

C-G(CommercialGeneralZone)

USS(UpperStateStre

etOverlay)


ningOrdinance/NZO)


y.

PropertyisNOTlocate

dintheCoastalZone.

ProjectisNOTlocated

intheElPuebloViejo

LandmarkDistrict.

SITE#5

Address:140W.AlamarAvenue

ParcelNumber:051-22

0-009

GP:MediumHighResidential(15-2

7du/acre)

Zoning:R-MH(Residen

tial,Medium-HighDensityZone)

C-G(CommercialGeneralZone)

USS(UpperStateStre

etOverlay)


ningOrdinance/NZO)


y.

PropertyisNOTlocate

dintheCoastalZone.

ProjectisNOTlocated

intheElPuebloViejo

LandmarkDistrict.

DELAVINASTREET&

W.ALAMARAVENUE,SANTAB

ARBARA,CA

DUEDILIGENCEMEMO

03/03/2019

Page3of30

SITESTATISTICS*

SITE#1:2714/2718/2

718½DeLaVinaStre

et

ExistingBuildingArea(s):2

,952SF(commercial)

(1)1-bedsinglefamilyresidentia

l(SFR)unit(free-standing

;1,153SF)LotArea(s):6,0

05SF

(0.14ac)

ExistingParking:1space

Req’dParking:2,952SFx

4spaces/1,000SF=11sp

aces

1SFRunitx2spaces/unit

=2spaces

SITE#2:2710

/2712DeLaVinaStreet


,000SF(permitsnotfound

foranadd’l750SFatbld

g.

rear)LotArea(s):5,955SF

(0.14ac)


s


4spaces/1,000SF=8spa

ces

SITE#3:2704/2706DeLa

VinaStreet


,662SF[2,350SFCommercial(1967)

+120SFCooler(1978-198

0)

+192SFShed(1984)]

(1)singlefamilyresidentia

l(SFR)unit(upstairs)

LotArea(s):5,413SF(0.12

ac)

ExistingParking:7spaces


4spaces/1,000SF=9spa

ces

1SFRunitx2spaces/uni

t=2spaces

SITE#4:144W.AlamarAvenue

ExistingBuildingArea(s):(

1)singlefamilyresidentia


;3+1,936

SF)LotArea(s):6,020SF(

0.14ac)


Req’dParking:1SingleFa

milyDwellingUnits(du)x2s

paces/du=2spaces

SITE#5:140W.AlamarAvenue

ExistingBuildingArea(s):(

1)singlefamilyresidentia


;2+1,978SF)&

192SFshed

LotArea(s):6,949SF(0.16

ac)


Req’dParking:1SingleFa

milyDwellingUnits(du)x2s

paces/du=2

spaces

DELAVINASTREET&W.ALAMARAVENUE,

SANTABARBARA,CA

DUEDILIGENCEMEMO

03/03/2019

Page4of30

TOTAL


,614SF(commercial)/4SFR

’s(residential)[w/oshed

areas]LotArea(s):30,342

SF(0.70ac)


s

Req’dParking:41spaces

*Lotareasobtainedfrom

CityGIS.Buildingareas/p

arkingspacesarebasedon

areviewofCitypermitfilesand/or

aerial

photography.City-approv

edBuildingPlanshavenot

requested/reviewed.Physicals

itemeasurementsandreviewofCity’s

ArchitecturalArchivesare

recommended.

EXECUTIVESUMMARY

EXISTINGDEVELOPMENT

Forpurposes

ofthismemo,thesubjectpropertyis

comprisedoffive(5)separate

assessor’s

parcels.

Site#1ofthesubjectprop

ertyappearstobedevelop

edwitha2,952SFsingle-s

toryretail

commercialbuildingandafree-s

tanding1-bedroomapartmentunitatth

erearoftheparcel.

Site#2appearstobedeve

lopedwitha2,000SFsing

le-storyretailcommercialbuildin

g,witha

750SFaddition.

Site#3appearstobedeve

lopedwithatwo-storymixed-usebuild

ingwithapprox.2,470SFo

f

groundfloorcommercial,anups

tairsapartmentunit,anda192SFshe

d.

Site#4isdevelopedwitha

single-storyhouse.

Site#5is,also,developedw

ithasingle-storyhousean

da192SFshed.

Note,theresidentialhous

esatSite#s4-5areconsid

eredhistoricstructures.

Baseduponareviewofthe

CityofSantaBarbara’spla

nning/streetfiles(note,a

reviewofCityof

Santa Barbara Architectu

ral Archive plans has not

been conducted), the to

tal “permitted”

buildingareaonSite#’s

1-5appearstoconsistofa

pproximately7,614SFofcommercialarea

andfour(4)singlefamilyresidentia

lunits.

DELAVINASTREET&W.ALAMARAVENUE,

SANTABARBARA,CA

DUEDILIGENCEMEMO

03/03/2019

Page5of30

HIGHEST&BESTUSEDISC

USSION

Theidentifica

tionofahighest-and-best

use(s)foranypropertyiss

ubjectiveandoftendepen

ds

ontheuniqueinvestmentgoalsand

businessobjectivesofap

articularindividualand/or

group.

Absenttheidentificationo

faspecificinvestor,thisd

iscussionisintendedtoad

dressthebroad

interests ofthe marketplace a

nd providesa high-level

review of potential devel

opment/

redevelopment scenarios that could

be explored further. No

economic analysis has been

preparedforanydevelopm

ent/redevelopmentscenario

presentedherein.Theiden

tificationof

the development/ redevel

opment scenarios presented

herein was not the produ

ct of an

exhaustivereview/analysis

;theremaybeother,betteroption

swhichhaveyettobeide

ntified






LAND SALE COMPARABLES

Address City Type DealDate Price BldgSF BldgPPSF ParkingRatio Zoning LandSF LandPSF SiteCoverage428ChapalaSt SantaBarbara Retail/Land 06/24/2020 $2,440,000 3,020 $808 9.9 M-C 16,117 151.39$ 19%320-322ECota,St SantaBarbara Industrial/Land 12/29/2020 $2,725,000 3,288 $829 5.0 15,244 178.76$ 22%30EHaleySt SantaBarbara Land 01/22/2020 $815,000 0.0 C-M 4,356 187.10$328WMontecitoSt SantaBarbara Land 06/07/2019 $1,350,000 0.0 C-2 11,398 118.44$510EOrtega SantaBarbara Land 07/18/2019 $825,000 0.0 C-M 4,791 172.20$1410SanAndresSt SantaBarbara Land 06/04/2019 $950,000 768 $1,237 1.1 R-2 7,405 128.29$ 10%425SantaBarbaraSt SantaBarbara Land 04/21/2020 $1,025,000 0.0 C-M 9,147 112.06$425Garden SantaBarbara Land Pending $2,300,000 6800 $338.24 3.2 M-C 16,552 138.96$ 41%

Average(excludingfunkzone) 148.40$






The subject property is situated in the Upper De La Vina Corridor, a prime Santa Barbara sub-market consisting of service retail, professional offices and a multitude of residential neighborhoods.

Upper De La Vina, and nearby Upper State Street, are highly trafficked and walkable areas adjacent to the residential areas of San Roque, Samarkand, and Hope Ranch. These areas have become a burgeoning center of new energy and businesses in recent years. Venerated institutions such as Natural Cafe have been complemented by credit retailers like Trader Joe’s and Whole Foods. Restaurants and coffee shops that have succeeded elsewhere in town have expanded or moved to this area in recent years, including Los Agaves restaurant and Handlebar Coffee.

In addition to dining and shopping amenities, the subject property is close to US 101, Highway 154, and two major Sansum medical facilities. The upper De La Vina and State Street corridors are home to a plethora of office-using businesses, including medical practices, wealth & financial services, real estate, and high tech.

NEIGHBORHOOD OVERVIEW






CVS

De La Vina St

Alamar St

State St

NEIGHBORHOOD AERIAL

Grocery Outlet

Presto Pasta

Marty’s PizzaHandlebar Coffee

The Daily GrindLos Agaves

Trader Joe’s

Lemon Tree Inn

Bree’Osh Bakery

Launderland Laundry

SITE





2704 de la vina st - hayescommercial.com

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