±20,473 SF Parcel For Sale 3699 Sagunto St. Santa Ynez, CA 93460

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1 ±20,473 SF Parcel For Sale Offered at $749,950 Includes a proposed mixed-use development. High visibility location in the heart of Santa Barbara s wine country. Proposed Development. Artist s rendering above not to scale.

2 property brief Rare opportunity to own a property in Santa Barbara s premier wine Country. Just off Hwy. 246, known as Santa Barbara County s Old Stagecoach Route, is this prime, ±1/2 acre, corner lot with sweeping mountain views. Located in Santa Ynez, a vacation destination only 45 minutes from Santa Barbara, and neighbors many fine restaurants, wineries and retailers. This ±20,473 SF parcel currently has a mixed-use development proposed which would feature a Western-style building with a restaurant and four, 1-bedroom condominiums/ apartments on the second floor. Fantastic location for a tasting room and/or a bed and breakfast! Water service will be supplied through the Santa Ynez River Water Conservation District and sewer services will be provided by the Santa Ynez Community Services District. An updated 3/4 water meter will adequately serve the commercial vacant lot. Contact Listing Agents for details. Offered at $749,950 Proposed Mixed-Use Development Approx. $36.63/SF Land Vacant Lot Price $749,950 Units 5 (Potential concept) Potential Unit Mix (1) ±6,000 SF Restaurant; (4) ±1,000 SF 1BR+1BA Condos/Apartments Bed & Breakfast Possibility Land Size ±20,473 SF Building Size ±10,221 SF (Including warp-around verandas & decks) Zoning C-2, Mixed-Use APN Parking 19 Spaces Utilities An Updated 3/4 Water Meter On Site The information provided here 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 it.

3 Tivola st. Manzana st. Sagunto st.

4 property photos The information provided here 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 it.

5 income analysis Executive Summary Vacant Land Price: $749,950 Lot Size: 20,473 SF Price/Lot SF: $36/SF Building Size: Zoning: C-2, Mixed Use APN: Potential Rent Mixed Use 5 Units Potential Rent # Units Mix Ext. SF Rent/Unit Monthly Income 4 1BD/1BA 850 $1,575 $6,300 1 Com 6,600 $11,550 $11,550 $1.75/SF NNN 5 Total SF 10,000 Potential Monthly Rental Income: $17,850 Potential Gross Annual Income: $214,200 Less: Vacancy & Collection Loss: 2% $4,284 Potential Effective Gross Economic Income: $209,916 Maverick Saloon Potential Estimated Annual Expenses Current Current % GOI Real Estate Taxes: 1.05% $29, % Advertising: Est. $1, % Insurance: Est. $9, % Utilities: Est. $6, % Electric by Tenant Water by Tenant Trash INC above Gas by Tenant Maint/Repairs: Est. $700/Unit $3, % Grounds: Est. $3, % Off-site Management: 5% $10, % On-site Management: Est. $0 0.0% Pest Control: Est. $ % Legal & Accounting: Est. $2, % Reserves: Est. $300/Unit $1, % Annual Expenses Per Unit $13,894 Annual Expenses (50% only b/c NNN) $69, % The information provided here 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 it.

6 comparable sales 3699 SAGUNTO ST Property Address Date of Sale Sale Price No. of SF Zoning Price Per SF Ultimate Usage 3699 Sagunto St., Santa Ynez Subject Property $737,500 20,473 Mixed Use C-2 $36 (4) 1BD/1BA Condos + 6,600 SF Commerical 1758 Laurel Ave., Santa Ynez 10/30/2014 $970,000 56,628 DR Apts. Per Acre 31 Senior Units 1624 Oak St., Solvang Active $599,000 13,068 TRC Mixed Use $46 Any Tourist Related/Commercial

7 market overview

8 santa ynez valley golden vineyard country As the gateway to Santa Barbara s wine country, the Santa Ynez Valley is located 30 minutes north of Santa Barbara and nestled between the Santa Ynez and Santa Rafael Mountains. Numerous world-renowned wineries and vineyards dot the landscape as well as horse and cattle ranches. In fact, the valley is recognized as the epicenter of California s multi-billion dollar equine industry. Other attractions include the Los Padres National Forest, Lake Cachuma, Old Mission Santa Inez, golf courses and the Santa Ynez Valley Historical Museum & Parks-Janeway Carriage House displaying old stagecoach relics from the valley s past. Six small towns are home to the region and include Ballard, the smallest and oldest community, Solvang, a charming Danish-American hamlet, the rapidly growing Buellton, the vintage chic community of Los Alamos, the world-class wine tasting haven of Los Olivos, and the turn-of-the-20th-century township of Santa Ynez Sagunto St.

9 santa barbara county s bustling wine industry Wine is Santa Barbara County s number one finished agricultural product, and the county s wine grape crop is its second most valuable agricultural crop. In fact the region s wine grape industry has experienced tremendous growth in recent years, increasing in total value from approximately $97 Million in 2010 to over $155 Million in One factor contributing to this success is the area s unique east-west (transverse) mountain ranges, versus the usual north-south orientation of mountain ranges. This creates a dramatic cooling effect on the region s climate allowing world class grapes to be grown. Santa Barbara Wine Industry Fast Facts Number of wineries in Santa Barbara County (2013) Acres of wine grapes grown in Santa Barbara County (2014)...21,052 Acres Avg. yield per acre (2014) Avg. price per ton (2014)...$1,751/ton Economic value of wine grapes in Santa Barbara County (2014)...$155,256,000 Annual economic impact of wine in Santa Barbara County (2013)...$1.7 Billion Number of approved American Viticultural Areas (AVAs) in Santa Barbara County...5 Number of different wine grape varietals grown in Santa Barbara County...More than 50 Top Varietals Planted in SB County (2014) Chardonnay...7,529 Acres Pinot Noir...5,561 Acres Syrah...1,928 Acres Sauvignon Blanc Acres Grenache Acres Cabernet Sauvignon Acres Pinot Grigio/Gris Acres All Others Acres