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Santa Barbara,CA 93105
Key Details
Property Type Vacant Land
Sub Type Res Multi-Unit
Listing Status Active
Purchase Type For Sale
Square Footage 9,147 sqft
Price per Sqft $261
MLS Listing ID 25-1837
Lot Size 9,147 Sqft
Property Sub-Type Res Multi-Unit
Property Description
Now available for sale for the 1st time in 50 years, is a rare under-developed parcel in an A++ location, adjacent to the Cottage Hospital medical buildings, Sansum Clinic, etc. Current use is 3 apartment units in front at the street, the back portion of the lot was never built on. Recent and ever-increasing housing density rules now offer a developer/investor an incredible opportunity to build-out the parcel or re-build from scratch. A non-developer may also value this opportunity as a multi-family investment + land-bank with upside appreciation, or by entitling and selling the entitled project for profit. Valuable 2nd access is available via a rear public alley. Offering Memorandum in Documents (unbranded) incl. financial pro-forma and SEPPS land-use report showing up to 11 large units
Location
State CA
County Santa Barbara
Building
Lot Description Level,Near Public Transit
Water SB Wtr
Others
Acceptable Financing Cash,Ctnl
Listing Terms Cash,Ctnl