Santa Barbara, CA 93105
- $2,395,000
- 3
- BD
- 3
- BA
- 1,497
- SqFt
- List Price
- $2,395,000
- Status
- ACTIVE
- MLS#
- 24-2550
- Price Change
- ▼ $105,000 1727744705
- Property Type
- Home/Estate
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,497
- Lot Size
- 9,148
- Region
- SB/WEST OF STATE
- Year Built
- 1942
Property Description
Available for the first time in over 50 years: a rare under-developed parcel adjacent to Cottage Hospital medical buildings. The property has 3 apartment units at the front, with the back half undeveloped. Recent positive housing density legislation provides a great opportunity for developers to add to or fully redevelop the parcel. Dual access is available via a public alley. The location is prime by Cottage, Sansum Clinic and numerous medical specialists, as well as the Upper De La Vina commercial corridor. The Offering Memorandum in Documents includes a land-use report projecting up to 11 apartment units. Unique development opportunity in a highly desirable area of Santa Barbara, or also consider for standard investor/1031 exchange as income + land-bank. Walk property by appt. only.
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Additional Information
- Elementary School
- Peabody
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.21
- Appliances
- Refrigerator, Dishwasher, Disposal, Gas Stove
- Condition
- Excellent, Good
- Construction
- Single Story
- Exterior
- Wood Siding
- Foundation
- Raised
- Laundry
- Gas Hookup, None, In Unit
- Living Area
- 1,497
- Lot Size
- 9,148
- Neighborhood
- or 20 - Downtown
- Parking Garage
- Gar #3, Unc #2
- Pets
- Yes
- Region
- SB/WEST OF STATE
- Roof
- Composition
- Sewer
- Sewer Hookup
- Style
- Apt Style
- Units
- 3
- View
- Setting
- Zoning
- R-3
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices California Properties.