SANTA BARBARA LIVE WORK MIXED USE BUILDING AVAILABLE

LEGAL MIXED USE RESIDENTIAL/COMMERCIAL BUILDING SPACE AVAILABLE IN A GREAT WESTSIDE SANTA BARBARA LOCATION AVAILABLE NOW STARTING SEPTEMBER 1 2019 !
Now AVAILABLE FOR LEASE IS 2800 square feet of professional LIVE-WORK space in a great Santa Barbara location. Only a short bike or walk from downtown, it is truly a rare opportunity to lease a "Santa Barbara Mission Style" architectural building that offers the obvious financial and tax benefits of a 'one of a kind' live work opportunity. Historically designed in the 1930's for a hardwood mill, since the early 1990's it has been used as a residence and Film/Photo studio. The new 1990 interior was designed to be reminiscent of the east coast "Loft Style" allowing for volume and maximum use of the space. The space lends itself to many creative business opportunities. complete with modern jacuzzi bathroom, laundry room, kitchen facilities and a conference area--even a pool table--all with the added convenience of a central Santa Barbara westside neighborhood location. THE PROPERTY LEASE ALSO INCLUDES STUDIO LIGHTING EQUIPMENT, GREEN SCREEN AND RESOURCES WHICH ALLOW FOR SUPPLEMENTAL INCOME AS A DAILY FILM/PHOTO/VIDEO SHOOTING LOCATION SEE BELOW ABOUT THE EXTENSIVE UPGRADING, CODE COMPLIANCE AND REBUILDING THAT OCCURED IN LATE 80'S AND EARLY 90'S THAT EFFECTIVELY REBUILT AN INNER "NEW" BUILDING INSIDE THE ORIGINAL BUILDING SHELL.

click on above for building layout

A truly legal combined residential-commercial use is quite rare in Santa Barbara and this is one of only a few authorized free-standing buildings that have a dual CERTIFICATE OF OCCUPANCY that allows for BOTH commercial and residential use. Effectively the building is an 'undivided' duplex for zoning purposes that allows for approximately 1/3 Residential use toward the front of the building with light commercial use being authorized in the remaining 2/3 of the building toward the rear.

The Valuation and Financial Benefits of a Free Standing "Dual Use" Building in this changing economy has particular advantages for a small business tenant/owner. Blending of the Commercial/Residential overlapping uses of the building allow for long term savings in the following areas:

Taxes: Income from a business operated out of the building can be offset substantially by costs associated with proportionate expenses and legal business lease deductions of what is essentially a very large convenient and comfortable home.

Offset of Maintenance,Upgrade and Utility Costs: As noted under '"taxes" above up to 2/3 of the upkeep and utility costs can likewise be written off or deducted against income in the same manner as renting or owning a separate business facility, without reference to 'office in the home' or other limitations

Environmental and Work Travel benefits: Quite simply a work commute is a walk from one room to the other... Need I say more? (PLEASE CONFIRM ALL OF ABOVE WITH REPUTABLE TAX OR FINANCIAL/LEGAL ADVISOR AS THIS DOES NOT IMPLY PROFFESIONAL TAX OR BOOKEEPING ADVICE THAT MAY OR MAY NOT APPLY TO YOUR SITUATION)

RENOVATIONS TO THE ORIGINAL BUILDING:

Starting life as a hardwoods and Oak Flooring business in the late 20's the commercial use of the building predates Zoning statues that applied to later residential uses in the surronding neighborhood. As such, the commercial use of the building has been grandfathered as an "existing Legal Non-Conforming Use". (The present underlying land use zoning is R-2) Because of this initial non-residential nature, changes to the exterior of the building, which might be subject to ARCHITECTURAL BOARD OF REVIEW approval, were avoided by building a modern, structurally sound and Code Compliant NEW building INSIDE the existing building shell and footprint. This construction occured from 1985-1990. These fully permitted improvements included:

NEW:

Wall framing, structural beam, foundation and concrete floor components
R-19 and R-11 Insulation in Roof and Ceiling (except orginal vintage office area)
Complete Electrical system including 200 amp service panel and sub-panels
Complete Plumbing system throughout building including Gas service for heating
Fire and Smoke Alarm system
Residential Fire Spinkler System
Complete Kitchen, Bath and Laundry Area
Storage and Bedroom Loft areas
Sound Speaker and Phone wiring systems
Landscaping, exterior fencing and driveway area

LEASE COST AND VALUATION: The Area of the building presently offered for lease incorporates both Residential areas and Commercial areas as noted on linked building layout plan (approximately 34' wide by 85' long with additional Loft Bedroom/Office and/or Storage areas) The Shaded right rear area of the building is to be retained as an office address by owner.

Residential area (approx. 1400 S.F.- 2bed 1 bath) would rent in range of $2800-$3500 month per Westside area comparables PLUS

Commercial area (approx. 1400 S.F) would rent as light commercial ranging at $1.50-1.80sq. ft. or around $2100 to 2500 month

COMPARABLE RENTAL COSTS WOULD BE $4900 TO $6000 for these type of building uses. Combining both at either mid-range or lower shows the significant discount available to the obvious cost advantages of the small business owner being able to overlap costs associated with home and business use.

NOW BEING OFFERED FOR $4200/MO INITIAL RENT FOR THE RIGHT TENANT TO ENCOURAGE LEASE BEING STARTED AT SEPTEMBER 1 2019

This is under $1.62 a square foot for the entire building.

NEED A NICE HOME AND/OR BUSINESS LOCATION WITHIN A SHORT DISTANCE TO DOWNTOWN SANTA BARBARA?

CALL NOW TO VIEW AND MAKE YOUR MOVE NOW... THIS IS TRULY A VERY RARE OFFERING AND WILL NOT LAST LONG!

Please text 310-929 0733

best to email to info at alamofilms dot com... with contact information for application and viewing information