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$2,395,000

Est. payment - /mo

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9,147 SqFt

Active

Santa Barbara, CA 93105

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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

Acres 0.21

Lot Dimensions 9147.0

Property Sub-Type Res Multi-Unit

Source Santa Barbara Multiple Listing Service

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

Direction From Bath Street near Cottage Hospital turn right on Quinto. Property is on your right. From De La Vina turn right on Quinto. Property is on your Left.

Building

Lot Description Level, Near Public Transit

Water SB Wtr

Others

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

Listed by Berkshire Hathaway HomeServices California Properties

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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