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$ 2,395,000
Est. payment /mo
Active
Santa Barbara, CA 93105
9,147 SqFt
UPDATED:
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
