$3,600,000

22 E Montecito Street, SANTA BARBARA CA, 93101

Price per sqft$900.00

Property size4,000 sqft

Property typeCommercial

Courtesy of Robert Tuler, Radius Group Commercial R.E.

Overview

Active

Listed Jul 8, 2026

Updated Jul 9

A rare ground lease investment opportunity in the heart of Santa Barbara's Funk Zone with freeway frontage -- one of the Central Coast's most dynamic & sought-after urban districts. The ground lease rate is substantial below market. This dual-parcel offering delivers a truly passive, absolute NNN income stream with zero landlord responsibilities. No expenses, no management, no surprises - just pure, unencumbered cash flow from day one. Ground leased, absolute NNN investments of this caliber in a market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property. Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.

Additional information

MLS^® ID: 26-2271

Interior Features

Bedrooms: 0
Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.47 Acres

Listed by Radius Group Commercial R.E., Robert Tuler,
Listing Contact: [email protected]

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Data last updated 2:33 AM UTC, 7/9/2026