Santa Barbara, CA, US

Santa Barbara, CA

Bidding Starts On:

June 12, 2024 at 7:00 PM EDT

Bidding Closes On:

June 26, 2024 at 5:00 PM EDT

How to Bid

Listed for $50M | No Reserve | Starting Bids Expected Up To $25M

Description

This one-of-a-kind, multi-structure estate is one of the most breathtaking trophy properties in all of Southern California. A City of Santa Barbara designated historic landmark, 2300 Garden Street was a part of the original iconic Santa Barbara Mission lands and once served as a theological college and as various private schools dating back to the early 1900's. The entire site features six institutionally sized building structures, multipurpose sports field, tennis/basketball courts, gardens, additional portable's, several parking lots and 360-degree stunning Pacific Ocean and Santa Ynez Mountain views. Zoned RE-15 with approved educational use, the entire 11.37± acre site has numerous potential uses; imagine a Spanish-Colonial boutique hotel, a spiritual or holistic wellness center, assisted living facility, the family compound of your dreams, or continuing its storied history as a top-tier educational facility (New/different use is subject to all local/State/required approvals.). Residential and potential commercial opportunities abound. Structures on the property include the Grand Main building, Gymnasium, Chapel and Bell Tower, Arts and Sciences Building, Workshop, and Library/Dining Hall—some ready for immediate use and others primed for reimagination. The Spanish-style architecture and original fixtures like exterior sandstone walls, stained glass, wooden doors, and sculptures add to the original historic character to the buildings. The estate site sits in the heart of Santa Barbara’s Upper East residential neighborhood, just next door to the Old Santa Barbara Mission. With its coveted location, amenities, and rich history, this property is the perfect purchase for a savvy investor. Property and opportunity details provided by seller or others; Buyer to verify information and any/all potential or alternative uses and conduct their own due diligence regarding a possible need for any Conditional Use Permits (CUP). (Subject to all local/State/required approvals).

Property Features

Total

123,764± sf | 6 Mixed-Use Buildings | 6 Classroom & Office Portables | 11.37± acres

Architectural Features

Designated Santa Barbara City historical landmark; Stunning Spanish-style architecture with stone and stucco exterior and red-tiled roofing; structural and seismic renovations made from 2005–2010; Walled and gated property; A variety of potential future uses including luxury senior/assisted living, education, hospitality, and group residential

Interior Features

Historic arched doorways, stone walls, and floors; Some spaces in construction condition including a service wing with foundation.

Grand Main building

40,308±sf; four-story, Romanesque-style, rock-faced coursed ashlar sandstone lower floors; stucco-clad Spanish Renaissance top two floors; central sandstone entry pavilion; three two-story high arches

Gymnasium

22,262±sf; two-story, Spanish Colonial Revival style; open first level

Chapel

10,927±sf; one-story Romanesque Chapel with a mezzanine; transept wing; clergy oratory; one-story arcade on the south; stained glass windows

Bell Tower

3,978±sf; seven-story, Spanish Colonial Revival tower standing as one of the tallest buildings in the City of Santa Barbara; connects the main building to the chapel; central location to property site

Muir Building

14,880±sf; two-story Spanish Colonial Revival building adjacent to gymnasium; serving currently as classrooms; spaces include a recording studio, offices, black box theater workshop, and tech/computer lab; parking lot for building; grass lawn; mountain and ocean views

Refectory/Library/Dining Hall

28,879±sf; three-story building; renovated; elevator access to all floors; commercial kitchen; teaching kitchen; cafeteria; multiple classrooms; large library; studio rooms

Workshop/Garage

2,530±sf; originally served as wood/metal shop

Additional Spaces

6 portable classrooms

Outdoor Features

Sprawling grass field; basketball/tennis courts; gardens; mountain and ocean views

Other Property Features

Driveway access from E. Los Olivos Street and Garden Street

Location

2 minutes to State Street; 4 minutes to prestigious Cottage Hospital; 6 minutes to Downtown Santa Barbara and the historic Theater District; 7 minutes to Montecito; 20 minutes from Santa Barbara Airport

Auction

Property and opportunity details provided by seller or others; buyer to verify. Concierge may also, in its discretion, offer additional incentives to one or more pre-auction bidders, including but not limited to guarantees and purchase terms that differ from the Purchase and Sale Contract.

Deposit

Deposit | $100,000 bidder deposit required.

Location

Santa Barbara sits on California’s coast between San Francisco and Los Angeles. With its mild Mediterranean climate, it’s known as the American Riviera. Santa Barbara is the ultimate spot for the California Lifestyle, with a charming historic downtown area, multi-million dollar estates, shops and Zagat-rated restaurants, and pristine beaches. The property occupies a coveted location with walkable access to the Santa Barbara Mission and Downtown State Street, The Santa Barbara Natural History Museum, and Mission Creek. Spend the day at one of the many bustling open-air supporting centers, visit the Santa Barbara Zoo, Hang ten on the beach or take a short drive to one of the renowned local wineries. Enjoy local Californian flavors and Michelin-ranked meals at one of the many exclusive dining establishments or grab a more casual bite to eat at the State Street Promenade. Spend a day in the celebrity enclave of Montecito, just minutes away, where everyone is someone and join one of the many beach, golf, tennis clubs. It’s easy to find entertainment and rejuvenation under the Californian sun in beautiful Santa Barbara.

Fees & Commissions

Buyer's Premium

12%

Buyer shall pay to Concierge a “Buyer's Premium” in addition to the Purchase Price for the Property. The Buyer's Premium is not a real estate commission; it is the fee that Concierge charges to bidders for bringing the Property to auction.

Co-Broker Compensation

1.5%

Compensation will be paid to any properly registered Broker whose client is the successful Buyer at the Auction and whose client completes the purchase of the Property pursuant to Concierge Auctions' Bidder Terms and Conditions.

Starting Bid Incentive

If you are the high bidder, Concierge offers a Starting Bid Incentive, a credit to reduce the Buyer's Premium by 50% related to the Starting Bid Amount, encouraging buyers to submit a starting bid prior to the start of the auction. All Starting Bids are binding and subject to being received by the deadline.

Showings

by appointment

Map

2300 Garden Street, Santa Barbara, CA 93105

Diligence Documents

Bidder Registration

Concierge Auctions Starting Bid and Agent Registration 10.09.2023.pdf

Concierge Auctions Universal Bidder Terms and Conditions 5.26.2023.pdf

Property Disclosures

Updated_ 2300 Garden Street_OM_Final.pdf

Diligence Package and Data Room Access Contact.pdf

Contact

Project Manager, Auction Representative

Alaina Foster

Business Developers, Auction Representatives

Jeff Rhoades

Jana Willardsen

Mario Vargas

Listing Agents

Joyce Rey

Timothy Di Prizito

Kyle Barratt

Mark Perry

Disclaimer

Concierge Auctions, LLC, (“Concierge Auctions”) is an auctioneer. Concierge Auctions’ principal address is 228 Park Avenue South, Suite 70835, New York, NY 10003, and its phone number is (212) 202-2940. If required, Concierge Auctions (or its representative) is registered, licensed and/or bonded in the U.S. state where the property to be auctioned is located. Concierge Auctions, LLC, (“Concierge Auctions”) is an auctioneer. Concierge Auctions’ principal address is 228 Park Avenue South, Suite 70835, New York, NY 10003, and its phone number is (212) 202-2940. If required, Concierge Auctions (or its representative) is registered, licensed and/or bonded in the U.S. state where the property to be auctioned is located. Our registration, licenses and bond information for California is: Concierge Auctions, LLC, Bond #66346347; Frank Trunzo, Auctioneer, Bond #E252623. Concierge International Real Estate, Inc. (a subsidiary of Concierge Auctions, LLC), Broker, License #02137467, 315 Montgomery St 10th Floor San Francisco, CA 94104, Telephone: (212) 202-2940. Barbara J Young, Broker, License #00689235. This property is listed for sale by AKGRE Inc. dba AKG Christie's International Real Estate, Broker, License #01527644, 433 N Camden Drive, Suite 600, Beverly Hills, CA 90210, 310.266.2777; Timothy DiPrizito, #01433017(“Listing Agent”); Coldwell Banker Residential, Broker, License #00616212, 300 Commerce Ste 250, Irvine, CA 92602, (949) 385-8900, Joyce Rey, #00465013 (“Listing Agent”); and CBRE, Inc., Broker, License #00409987, 400 S Hope Street 25TH Floor, Los Angeles, CA 90071; (213) 613-3333, Kyle Barratt, #01900653 (“Listing Agent”) and Mark Perry, #00783875 (“Listing Agent”). Concierge Auctions (in certain jurisdictions) and certain Concierge Auctions subsidiaries, employees, and representatives may possess real estate broker or salesperson licenses in various jurisdictions and may, in some circumstances, perform functions that may be deemed brokerage services, however, neither Concierge Auctions nor its agents, employees, and affiliates are acting as a broker in any capacity for any party in connection with this auction. Bidders must seek brokerage services or advice from their own real estate agents or professional advisers. Our brokerage licenses are held solely for compliance purposes to further our auctioneering services. Concierge Auctions, the Listing Agent, the seller of the property and their respective agents, employees, and affiliates do not represent, warrant, or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions under any circumstances in this or any other property listings or advertising, promotional or publicity statements, and materials. This is not meant as a solicitation for listings or an offer to sell real property. Cooperating brokers are encouraged to participate as set forth in Concierge Auctions bidder terms and conditions.